Spend your tax refund: Health
Getting fit now can save you a fortune in medical bills later. Use your refund to join a gym—most give you a discount for paying up front. If you don’t have health insurance, sign up for a high-deductible plan and start a health savings account with your refund. You’ll be prepared if an emergency arises.
Crunch the numbers: A health savings account combines a high-deductible health insurance plan (at least a $2,400 deductible) with a tax-favored savings account. Use the calculators at hsacenter.com to figure out if an HSA could save you money over the cost of a traditional co-pay policy.