If you're among the 70% of tax filers expecting a refund, it's natural to consider how to make the most of it. Instead of splurging on something extravagant or worrying about the future, consider these practical ways to spend your tax refund wisely.

If you've been eyeing a big-ticket purchase like a car, your tax refund can be a great down payment. While it may not cover the entire cost, it can get you closer to your goal. Don't limit yourself to local options—expand your search nationwide and consider purchasing a used car from anywhere in the country. You can rely on Budget Auto Transporter to ship the vehicle to your doorstep. Get an instant car shipping quote or call us at 844-436-6700v for more information.

Preparing for unexpected expenses is crucial. Use a portion of your tax refund to establish or boost your emergency fund. Financial experts recommend saving an amount equivalent to three to six months of basic living expenses. Start with your refund and aim to contribute regularly. If you already have an emergency fund, ensure it covers six months' worth of expenses.

Kickstart the year by investing in your well-being. Consider trying a new fitness class, booking personal training sessions, enrolling in a cooking class, or treating yourself to relaxing yoga sessions. Enhance your health while enjoying quality time with friends or loved ones.

Investing in your professional development is always a wise choice. Use your tax refund to pursue certifications, endorsements, or career coaching. You can also consider taking courses at a local community college or university, or even kickstart your entrepreneurial journey.

If you have outstanding loans or high-interest credit card balances, consider paying them off or reducing your debt. For instance, eliminating $2,200 of credit card debt can save you $3,585 in interest if you only make minimum monthly payments. If your refund doesn't cover the entire balance, explore options for transferring to a lower interest-rate card.

As a homeowner, you likely have a list of home improvement projects. Use your tax refund to tackle repairs or upgrades such as replacing windows or an old roof to reduce energy costs. Consider adding an outdoor playset for your kids or upgrading to a new stainless steel stove. A fresh coat of paint can also transform a room. Stay on-trend by trying out Evergreen Fog, Sherwin-Williams' color of the year for 2022.

Contributing to a charity not only benefits others but also brings personal fulfillment. Allocate a portion of your tax refund to support local food banks, shelters, or causes that are meaningful to you. Keep records of your donations, as they can help reduce your tax burden in the following year.

If you plan to use your tax refund for a new or used car purchase from an out-of-state seller, trust Budget Auto Transporter to handle the shipping. As the leading car shipping company in the U.S., we offer flexible options that cater to your needs and budget. Request a free car shipping quote or call 844-436-6700 to speak with a Budget Auto Transporter representative.