USA TODAY International Edition
Pay off high-interest debt
Start with paying down or eliminating high-interest debt, usually credit card balances. Maintaining this type of debt – with interest rates in the teens or even low 20s – costs you big time. It also takes years longer to pay off if you’re just paying the minimum reach month. Instead, use that extra money from your tax savings to whittle down that balance, starting with the debt that comes with the highest rate.