It can be a real challenge to spend our money wisely, especially tax refunds, which may seem like free money! With the average American tax refund at $3,036, it’s tempting to blow it on something fun. However, every astute financial planner, adviser, banker, broker and financial journalist will tell you: If you're getting a refund, you're doing it all wrong.

By definition, a tax refund means you're giving the government an interest-free loan.  If you want to get less in a reund, you should reduce the amount of money the government withholds from your paycheck.  To do so, you can increase the number of exemptions you claim.  It' usually smarter to save the extra money all year long and earn interest on it yourself.

Additionally, instead of spending your refund on a new outfir or big screen TV, here are some ways to generate future value and accelerate your progress to financial freedom:

* Start saving a down payment for a revenue property.  By choosing the right property, the rental revenue will cover your mortgage payments and your equity will increase month after month.

* Invest in your professional development.  Take a course or attend a conference that will help advance your career.  YOU will always be your best investment.

* Do a home renovation. Investing in strategic home improvements can significantly boost the value of your home, build your net worth and transform your living space into the dream you've always wanted.

* Make a charitable contribution.  Not only will you be helping a worthy cause, you'll lower your tax bill for next year.

Be sure and visit us at www.gosouthernfidelity.com for more information on our loan programs!!