The average American taxpayer received around a $3,000 check from Uncle Sam this year. If you're still sitting on your cash trying to decide how to spend it, here's what you should do:
1.) Pay Down Debt: This is always the first option. Want to earn yourself more than a 20% return on your money? Pay off those credit card balances!
2.) Pad Your Savings: If you don't have any high interest debt to worry about, pad your emergency savings or fund an IRA to make sure you're maximizing retirement savings.
3.) SPEND!: No debt to worry about? Are your retirement investments maxed out? Nice work. Now consider doing your part to boost the struggling economy by taking a family vacation or completing some much needed home improvements. And don't feel bad about spending—you've earned it!
