Top 5 Smart Ways to Use Your Tax Refund

Turn Your Refund Into a Financial Win

Tax season might not be everyone’s favorite time of year, but if you’re expecting a refund, there’s a silver lining! Before that deposit hits your Roswell Credit Union account, it’s a good idea to think through how you can make the most of it.

Here are five smart (and simple) ways to put your refund to good use:

1. Tackle Debt
Got a credit card balance or loan hanging over your head? Using your refund to pay it down can save you money in interest and help improve your credit score. Even a small dent in high-interest debt can make a big difference long term.

2. Build or Boost Your Emergency Fund
Life happens. Whether it’s car trouble, a medical bill, or something unexpected at home, having an emergency fund gives you peace of mind. Consider putting part of your refund into a savings account so you’re ready when the unexpected shows up.

3. Save for a Big Goal
Thinking about a summer vacation, upgrading your vehicle, or putting a down payment on something major? Your tax refund can be a jumpstart toward that goal. Open a special savings account to keep it separate and track your progress.

4. Invest in Yourself
Take a course, buy tools for your side hustle, or finally get that certification you’ve been eyeing. Using your refund to grow your skills can pay off in more ways than one.

5. Plan for the Future
It might not sound exciting, but putting your refund toward retirement, a Roth IRA, or a child’s education fund sets you up for future success. It’s one of those decisions you’ll thank yourself for down the road.

Bonus Tip: Set Up Direct Deposit
Want your refund faster and more securely? Have it sent straight to your Roswell Credit Union account. Just use your account number and RCU’s routing number when you file your taxes.

Still unsure what to do with your refund? Stop by or give us a call—we're happy to help you make a plan that fits your goals.

Your money. Your future. Your credit union.