Here are my tips on how to spend your tax refund smartly and efficiently!
1. Save it- open up a savings account or transfer it if you already have one.
2. Pay some debts- this is a great way, not only to improve your credit score, but also to minimize payments for the future.
3. IRA- you can save up to $5,500 depending on your banking institution, this a great way of saving too.
4. Look into Life Insurance- it is always smart to think ahead and prepare for anything, a life insurance can be a great investment and will give you piece of mind.
5. Vacations- if you already have everything settled, a vacation is a great way to release tension and spoil yourself, there is no harm in treating yourself once in a while!
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