Five Smart Ways to Use Your Income Tax Refund Check

Lynnette Khalfani Cox
Lynnette Khalfani Cox

Do you have an income tax refund check coming your way? So far in 2011, the IRS has issued more than 45 million tax refunds and the average refund was $3,129.

If you're anticipating a tax refund check this year, it may be tempting to splurge on an expensive high-tech gadget or go on a shopping spree. But in the long run, there are better ways to use that tax refund check -- including some ideas on how to have fun, yet still be frugal.

Here are five smart ways to put that tax refund check to good use this year: