There are many different places where you can learn how to file taxes online free. Once you find a free online tax service, you complete your filing and then sit back and anticipate getting your money. While you are waiting, here are a couple of ways to think about spending your money.
1. New Car
Many people use their tax return to purchase a new vehicle. Car dealers know that the best month of the year to sell a vehicle is February which is when most people will receive their tax refund. If you have the cash but do not have the credit, try Drive Time or Road Loans. They have car loans for everyone, no matter what your credit.
2. Open Savings Account
If you have not yet saved for retirement or your child’s education, this just may be the year to do it. Open up a savings account at your local bank and use free online software from Mint.com to track your interest.
3. Investments
If you have been thinking about jumping into the market, using a portion of your tax return can be a good idea as you are not taking any money out of savings or out of your weekly paycheck. There are many different types of investments that you can get into including Forex, peer to peer investing, and buying or selling stocks. Either way you choose, make sure to do your research before jumping in.
4. Pay Off Debt
A good time to chunk away at your debt is when you receive your tax refund. When else can you pay off some debt without noticing a dent in your checking account? This is also a good time to take control of your debt. Instead of going with a debt consolidation company, use Debt Goal. They are there to help you come up with a plan to pay off your debt without making you enter into a debt consolidation contract.
5. Blow It
While this is not the best advice to give, sometimes you just deserve it. If it has been a while since you went out for a nice meal or bought yourself some clothes, take a portion of your return and go have fun. Use it for something that you normally wouldn’t such as going to a concert or getting a massage.