by Sally Herigstad

Your taxes are done, and let's hope you're getting a refund.

Now the big question is: What's the best use of your tax refund?

Being the savvy money manager you are, you're looking for ways that your tax windfall can help you get ahead. You may splurge a little, but you see this as a chance to improve your finances for the long haul.

Whether your refund is large or small, here are some ideas for getting the most from yours:

1. Pay off high interest debt

It may not be exciting, but it's at the top of the list for a reason. High interest debt can kill your financial future if you let it.

If you're paying 18%, 24%, or even more interest on consumer debt, use your refund to pay it off.

Yes, consumer debt includes car loans. If you owe more in consumer debt than you can pay off immediately, make a plan to pay it off as quickly as you can.

2. Invest in yourself

Can you make yourself more valuable at work by taking a class, getting a certification, or learning a new skill?

If you don't like your job, use your tax refund to get started in a new career, or to start a small business. Tweet this

3. Stop money from going out the window

If your house isn't weatherized, your money is literally going out the window – and through the ceiling, up the drafty fireplace.

You may be able to get free advice from your local power company about the most cost-effective ways to save money on heating and cooling your house.

Sometimes just another layer of insulation in the attic can keep your warmer for less money.

4. Check for other home repairs

Fix leaky faucets, change the furnace and air conditioning filters, and take care of any other little problems before they become big, expensive problems.

5. Start an investment account

If you haven't started investing on a regular basis, now's a great time to start.

Don't wait until you have more money to start learning about stocks and other investments and get in the habit of adding to your account.

Not many years ago, it was difficult to invest in the stock market with small amounts, because the commissions on stock sales made it prohibitive.

Now, you can do online investing with very modest amounts and still get ahead.

6. Contribute to your retirement plan

What better time to tuck money away for retirement than when you have an unexpected windfall? You were getting along without it before, let's hope you won't miss it now.

7. Invest in do-it-yourself equipment

Equipment like a sewing machine, a set of home repair tools, and canning supplies can make you more self-sufficient.

They'll pay for themselves over and over as you save money by doing things yourself.

8. Start a garden

If you haven't gardened before, you may be surprised what it costs for some shovels, seeds and berry bushes, and odds and ends.

You can use those tools and supplies for years, however, and enjoy the fruits of your hard work.

9. Get preventative car maintenance done

Safety is always top priority, so get new tires if you need them, and make sure your car is in good shape for another year.

You may be able to avoid more expensive car repairs in the future by taking good care of your car now.

Is your tax refund more or less this year than in previous years? Were you surprised?

If you'd like to join in on the discussion around this post, we'd love to see you in the conversation over on FacebookGoogle+ and Twitter.

Photo credit: fatboyke (Luc) via photopin cc

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September 2017
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Upcoming Tax Dates

September 5 — Everyone
Federal Holiday (Labor Day) Details

September 10 — Communications and air transportation taxes under the alternative method.
Deposit the tax included in amounts billed or tickets sold during the first 15 days of August.

September 11 — Employees who work for tips
If you received $20 or more in tips during August, report them to your employer Details

September 14 — Regular method taxes
Deposit the tax included in amounts billed or tickets sold during the last 16 days of August.

September 15 — Individuals
Make a payment of your 2017 estimated tax if you are not paying your income tax for the year through withholding (or will not pay in enough tax that way). Use Form 1040-ES. This is the third installment Details

September 15 — S Corporations
File a 2016 calendar year income tax return (Form 1120S) and pay any tax due. This due date applies only if you timely requested an automatic 6-month extension Details

September 15 — Partnerships
File a 2016 calendar year return (Form 1065). This due date applies only if you were given an additional 5-month extension Details

September 15 — Corporations
Deposit the third installment of estimated income tax for 2016 Details

September 15 — Social security, Medicare, and withheld income tax
If the monthly deposit rule applies, deposit the tax for payments in August.

September 15 — Nonpayroll withholding
If the monthly deposit rule applies, deposit the tax for payments in August.

September 27 — Communications and air transportation taxes under the alternative method.
Deposit the tax included in amounts billed or tickets sold during the last 16 days of August.

September 29 — Regular method taxes
Deposit the tax for the first 15 days of September.

September 29 — Regular method taxes (special September deposit rule)
Deposit the tax for the period beginning September 16 and ending September 26.

September 29 — Communications and air transportation taxes under the alternative method (special September deposit rule).
Deposit the tax included in amounts billed or tickets sold during the period beginning September 1 and ending September 11.

September 30 — Wagering tax
File Form 730 and pay the tax on wagers accepted during August.

View More Tax Dates