If you haven’t experiencing any problem this past few months, prepare yourself because the deadline of filing your 2010 tax return is on April 2011.
   
In case you have a feeling of, you might receive a bigger refund this current year, don’t wait this precious money get absorbed by your normal spending routine.

Below are the lists where you can spend your tax refund:

•    High interest loans and line credit payments – It make sense if you make payments to the loans or billed credit cards you have before making another transaction while using your credit card with 15 percent interest rate.
•    Funding your retirement – Make a contribution to the IRA right away.
•    Make an Investment – If you make an investment of $1,500 in the market, after 30 years with 12 percent interest rate, you can get $53,924. Before getting involved in any investment, broadened research is required.
•    Emergency account – Most of us need this account. For you to open this account, it must be equal to your 3 – 6 months necessary living expenses.
•    Payments for repair – Use your money to repair anything like bald tires or leaky roof of your house.
•    Begin a personal endowment – You will feel the effect of this kind of investment really fast, whether you pay for gym membership or cooking class.
•    Extra mortgage payment – Making a double mortgage payment can save a month of mortgage payments later.
•    Charity donation – Choose a charity where you can share your blessing and make sure your donation is deductible.
•    529 College Saving Plan – Saving a plan for your child’s education will work like Roth IRA and if the purpose of this plan is for higher education, the withdrawals are totally tax free.
•    Vacation planning – If you are stressed and want some luxury in life, go ahead and take a vacation. Don’t get yourself frustrated. Money is to be enjoyed, if you work hard for it.