Now if you’re like me, you’re going to be inclined towards spending your tax returns on that brand-new laptop with the latest line of Intel processors built into it and a beefed up graphics card to allow you to play your games and multi-task. Granted, my old laptop was dying and I needed something much faster given what I do, so it was almost necessary (I like to think of it as an investment. 
) . Anyway, on Fox Business is a list of four ways you really should spend your tax returns. I can actually narrow it down to three, and it should follow in order:
- Use it to pay off your dept. This would be the most important one because you don’t want dept. Owing people money sucks and owing it to people that don’t know you and could care less about your well being is even worse. Get rid of it.
- Use it to pay for college expenses. If you don’t have any dept, that’s great! This will go towards anything like tuition, room and board, and textbooks.
- Save it for an emergency. If you’re going to a 4-year college, it’s not likely you’ll have the opportunity to store it savings. Because college eats all of it. If you do though, every little bit counts. Even if it’s just a hundred dollars, it’s that $100 that will be the difference between being broke and being broke and owing people money.
Since you’re planning on going to college, it would probably be best not to follow after my example. It may be tempting to splurge and buy that high-value item that you’ve been wanting for a while now, but it’s not necessarily wisest decision to make. You wan to be able to save up as much money as you can because it will really help you out in the long run.
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