Yes it is tax season, and hopefully you have already filed your taxes and are waiting for your refund. The question is what are you going to do with that refund no matter how big or small it may be. Tax refunds can help you knock out some debt that you have or give you some money to invest.
Paying off debt such as credit cards and car loans is always one of the best investments that you can make. The average credit card interest rates is 13.29%, getting rid of any debt at that high rate is a great investment. Paying extra money on car, personal or recreational vehicle loans always helps you to get rid of monthly payments and reduce your over all debt.
Even if you are not a skilled investor there are many areas where you can put some money that are safe and give you a much better return then your savings account. Most banks and credit unions offer 3 month, 6 month and 1 year CD's (certificate of deposit) that carry an average interest rate of 5%. These are insured bu the FDIC and offer a great return for a small amount of money.
What ever the amount of your return is, the temptation is to buy something new or go on vacation. Remember that this money can help you get a leg up on your finances or jump start you in paying off debt.
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