What Suze Orman Says You Should Do With Your Tax Refund

So last Friday I posted about what to do with your refund. And then of course my money guru Suze Orman sends out this email:

STASH IT, DON'T CASH IT
USE YOUR TAX REFUND TO SAVE YOURSELF.

You read that correctly. The tax refund you may be getting should be saved, not spent. Instead of blowing the refund today on a plasma-screen TV or a weekend getaway, your tax refund delivers the perfect opportunity to pay down debt, build your emergency savings fund or open a retirement account.

Pay it Off
If you have credit card debt, this could be your chance to put a big dent into that unpaid balance. Right now, the stock market is taking us all on a roller coaster ride, but if you pay off a credit card balance that's charging you 18 percent interest, you give yourself a guaranteed 18 percent return on your money. Even when the stock market is at its best, it's hard to get that kind of a return.

Sock it Away
If you haven't paid attention to this message in the past, please pay attention now. A weak economy and a volatile stock market make it more important than ever to have eight months of living expenses saved. Use your Save Yourself account at TD AMERITRADE to help do just that...save yourself. In fact, I think it makes sense to direct deposit your refund into your Save Yourself account so you avoid being tempted to spend it. (She even included the instructions for direct deposit of your tax refund if you have a TD AMERITRADE account.)

Invest in Your Future
If you already have an emergency savings fund and don't have any credit card debt, great! I still want you to stash this cash. Assuming you have at least 10 years before you plan to retire, use your refund to help fund a new Roth (or Traditional) IRA.

So I think Suze would agree with my answer on Friday of what I'm going to do with my refund. Has reading what Suze said changed your mind about what you are going to do with your tax refund?