{"id":3014,"date":"2016-03-25T14:40:40","date_gmt":"2016-03-25T22:40:40","guid":{"rendered":"http:\/\/blog.huddlestontaxcpas.com\/?p=1492"},"modified":"2016-03-25T14:40:40","modified_gmt":"2016-03-25T22:40:40","slug":"5-smart-ways-to-use-your-tax-refund","status":"publish","type":"post","link":"https:\/\/huddlestontaxcpas.com\/blog\/5-smart-ways-to-use-your-tax-refund\/","title":{"rendered":"5 Smart Ways to Use Your Tax Refund"},"content":{"rendered":"<p>You can use your tax refund as you please, but using it wisely will bring lots of future rewards. Create a list of goals and mark items which can be achieved with the use of your tax refund. Here are some ideas which may help you spend your refund in a smart manner.<a href=\"http:\/\/blog.huddlestontaxcpas.com\/wp-content\/uploads\/2016\/03\/TaxRefundSpending.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-1494 alignright\" src=\"http:\/\/blog.huddlestontaxcpas.com\/wp-content\/uploads\/2016\/03\/TaxRefundSpending-300x200.jpg\" alt=\"TaxRefundSpending\" width=\"300\" height=\"200\" \/><\/a><\/p>\n<p><strong>Invest <\/strong><\/p>\n<p>Consider investing in the stock market. Although doing so comes with risks, selecting the right company to invest in can be quite profitable. The best markets are technology and pharmaceuticals.<\/p>\n<p><strong>Clear Debt<\/strong><\/p>\n<p>Prepare yourself for a vehicle or home purchase by improving your credit. Go through your credit report, and decide which items on your credit report should be paid off.<\/p>\n<p><strong>Pay Down Loans<\/strong><\/p>\n<p>If you have vehicle loans or a mortgage, using your tax refund to pay them down is a great idea. You are reducing the interest that you\u2019ll pay and the number of payments left on the loan.<\/p>\n<p><strong>Establish Credit<\/strong><\/p>\n<p>Making a purchase, such as a vehicle or even a cell phone plan of your own, does help establish credit. Leave your refund alone and use it only to pay for these items.<\/p>\n<p><strong>Save Your Sanity<\/strong><\/p>\n<p>Sometimes you just need a break from life. Saving your sanity with a relaxing vacation is a smart way to use your tax refund and may help you perform your job duties better upon returning to work.<\/p>\n<p>Think about the things in your life which are the most important, set goals and use your refund in a way which will benefit you the most. Consider items which will benefit you for multiple years rather than short term.<\/p>\n<p>Image credit: <a href=\"https:\/\/www.flickr.com\/photos\/mytax-back\/\">Tricia Dawson<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You can use your tax refund as you please, but using it wisely will bring lots of future rewards. Create a list of goals and mark items which can be achieved with the use of your tax refund. Here are some ideas which may help you spend your refund in a smart manner. Invest Consider [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[21],"tags":[],"class_list":{"0":"post-3014","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-filing-taxes-tax-returns","7":"entry"},"_links":{"self":[{"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/posts\/3014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/comments?post=3014"}],"version-history":[{"count":0,"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/posts\/3014\/revisions"}],"wp:attachment":[{"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/media?parent=3014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/categories?post=3014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/huddlestontaxcpas.com\/wp-json\/wp\/v2\/tags?post=3014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}