Make the Most of Your Tax Refund

Getting a little something back from the taxman is a chance to do something financially meaningful for yourself, and it doesn't have to be boring!

The Gift of Financial Freedom

Nothing is affecting your bottom line more than dragging around high-interest debt, usually from credit cards, with dividends compounding against you every month.

If this is your current situation, then paying off your credit card debt is by far the best investment you could possibly make with your tax refund. You are getting a guaranteed return on your money equal to whatever interest the lender has been receiving.

Play a Real Money Casino Game Online

Thanks to the easy availability of really high-quality Canadian casinos these days, setting a little bit of money away to spend at one is not just great fun, but could see you win big, too! Whatever game you can think of you will find ready on waiting for you on your smartphone, tablet, or PC, and, with a little luck, you could add even more to your total.

You can enjoy a massive range of slots, Video Poker, and table games like Baccarat, Blackjack, and Roulette online from anywhere at all. As long as you stick to reputable, licensed, and regulated sites you will be safe, and who knows? Today could be your lucky day.

Get a Little Peace of Mind

There is no better sleeping aid than knowing that you've got enough money to cover any unexpected expenses and events that could hurt your ability to earn. Think four flat tires, a flooded basement, a cut in your work hours, or even losing your job completely.

Ideally, you should have an emergency fund in place that could cover three months living expenses. Setting aside your tax refund or a portion thereof to this cause will give you a headstart and ensure that you're covered no matter what happens.

Set Some Aside for Big Buys

Using your refund to fund big-ticket items like a new car, tuition, or a trip overseas is an option as well. If you decide to go this route, however, don't mix this cash with your everyday money, as the discipline you will need to not dip into it could well fail you at a crucial moment!

Tuck the money away in a savings account with high yields. You would then be getting interest on the full amount until you are ready to spend it.

Help Someone In Need

Donating money to a cause that you care deeply about is hugely rewarding. Not only will it really benefit those in need, but you will have the satisfaction of knowing that you have made a difference to someone's life.

Whether it's a food bank, a homeless shelter, or the SPCA, you'll know your money is going where it will be appreciated, and there is no feeling quite like being able to help like this. Not only that, but you could also see a deduction for your donation next year, so it's truly a win-win.