What are you going to do with your tax return?

[FrugalTrader]

For those of you with tax returns, what are your plans? Splurge? Invest? Pay down debt?

[Rickson9]

For those of you with tax returns, what are your plans? Splurge? Invest? Pay down debt?

My wife and I currently have no plans for our tax return. We have a cash fund for potential RE and stock purchases and it will probably be lumped in there.

[mfd]

Mine is going in as a lump sum payment on our mortgage.

[Hazelnut]

I put $2700 on my line of credit (that felt really good!) and paid my trailer park fee for the year ($1640) & blew the rest ($200 whoopee!) I really want to pay off my debt soon!

[lister]

TFSA (emergency fund) this year and likely next year. After that it's being plunked down on the mortgage.

[Cammac46]

TFSA + cash left over for other things (build a shed)...I just have to get it done! With a refund in the works I know I should have it done by now...

[Patricia]

TFSA for most of it and take about $500 to splurge on some clothing and entertainment.

[onomatopoeia]

threw mine on our mortgage.

My wife hasn't decided yet, but chances are she will put it in her bank account as she usually does. She loves having cash reserves in the bank, and I see no reason to not to.

Not my preference, but she feels safer with more money in the bank, I feel safer with less debt.

[Ben]

Just parked it in the savings account for now. Building up the funds, and then planning to go back to skimming off the top toward the mortgage/RRSP.

[kayo]

Most of them will probably go towards the TFSA, I'm considering setting aside a portion of it and put it into RRSP as well.