Tax Rebate Money Well Spent or Saved

Are you looking forward to your tax rebate arriving? I'm sure you are, but if you had to pay more income taxes on April 15th the rebate may not seem to be much. Either way it's nice to get some money back, so I'm certainly not going to complain!

In that you're looking forward to your rebate, have you made any plans on how to use the funds? Congress of course wants us to spend it so it gives the economy a boost, but it would also be good for the economy if you invest the money. Investing the money into a vehicle like mutual funds or stocks would also be of benefit to the economy as your money will help the companies you invest in.

Better yet, if you invest the money and tax shelter it as an IRA account then you will gain yet another tax benefit when income tax time rolls around in April 2009. Another idea is to use the funds toward your property taxes due this fall if you escrow your own funds for taxes and insurance.

Whatever you decide to do with your tax rebate, make sure your tax rebate will be money well spent, or saved! Here are some additional ideas for what to do with your tax rebate. Just make sure you try to use some of the funds to have a little fun too!

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