Smart Ways to Use and Save Your Tax Refund

Smart Ways to Use and Save Your Tax Refund

Your refund has arrived. Before you spend it, use it to improve your financial future without missing a beat.

Build an Emergency Fund

Unexpected expenses happen. Avoid going into debt by establishing a financial cushion.

• Goal: Start with $500–$1,000 and increase over time.
• Grow It: A Hughes Money Market helps you earn more interest without losing access to your money.

Pay Down High-Interest Debt

If you have a balance on credit cards, use your refund to reduce it.

• Prioritize debts with the highest interest.
• Consolidate your debts to get better rates.

Grow Your Savings with a CD

If you don’t need your money right away, a Certificate of Deposit (CD) allows you to earn more interest risk-free.

• Better rates than a savings account.
• Your money is safe and growing.

Invest in your home, car, or career.

• Home energy improvements can reduce your bills.
• Car maintenance now prevents costly repairs later.
• Take a course or certification to improve your salary.

Save for the Holidays

• Open a Holiday Savings Account and prepare ahead of time.

Enjoy Responsibly

Follow the 80/20 Rule—80% for your financial goals, 20% for fun. Plus, Checking PLUS offers discounts at local businesses!

Make your refund count. Learn more at www.HughesFCU.org/Save