Wednesday, April 22, 2009

Smart Saving/Spending Ideas for Your Tax Refund

If you expect to receive a tax refund this year, consider the following smart ways to spend, save or invest the money to make the most of your tax return:

Open or add to a traditional or Roth IRA. Both offer tax advantages and help you save for retirement
Pay down your credit card debt. Consider starting with the highest interest-rate card.

Add to or open an emergency account. The size of your fund should be equal to at least six months worth of your living expenses.

Have your own ideas on what to do with your tax return? Register at www.FeedthePig.org and post your tips on the message boards.

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