According to, the average refund paid to taxpayers in 2017 was $2,878.00. Whatever your refund amount is this year, why not put those dollars to work and get ahead?! Here are a few ideas:

  • Is credit card debt keeping you awake at night? Why not use that return to help pay down your credit card balance, or pay it off completely. If your current card doesn’t offer benefits, transfer the balance to a card with lots of rewards, low introductory interest rates, and perks just for using your card. Spending money by using this type of card can be fun and economical.
  • Reducing the principal on your home mortgage can dramatically affect the life of the loan. Think about using your refund to shave some years off the loan, while saving money in interest. It might seem like a small amount today, but even the smallest amount can make a dramatic difference down the road.
  • If you’re on sound financial ground, make a good income, and your tax return check is just burning a hole in your pocket, why not invest in yourself? Treat yourself to a class you’ve been dying to enroll in; make a down payment on that new car you’ve had your eye on; a family vacation is always fun. Just be practical. It’s alright to splurge a little, but not to the point of feeling guilty or sorry for how those dollars were spent.
  • Lastly, and most importantly, if you are able, give back by supporting the charity of your choice. Helping those less fortunate, or donating to projects that help your community is an investment with priceless returns. A gift to a qualified charity may entitle you to a tax deduction. This option is a win-win, both for you and for the entire community.

VacationLand Federal Credit Union prides itself on making a positive impact in our community by encouraging employees to make a difference in our members’ lives. Why not join VacationLand Federal Credit Union’s winning team of professionals and discover a rewarding career today? Visit our careers page to apply online.