I will keep this short and sweet. With the way this economy is going, it makes no sense to put a down payment on a house or car. The banks aren't lending right now, so making any investments of that sort, wouldn't be a good idea.

The very first thing you gould spend your income tax money on is paying off your debts. If there are any bills left over from 2008, try to pay them off. Atleast put deposits down towards your debt.

The second thing to do (which I should have made first) is if you are a person of faith, pay your tithes and offerings. Putting ten percent of your ernings into a charity or ministry would be great. It is best to make those types of investments because you can write them off on your upcoming tax return.

The third thing you should spend your income tax on is checking and or savings. These days, you must open a savings to get a checking account. If you have both, put a percentage into each account. I love to save. I tell my children spend less and save more. You'll need it towards the end of the year.

The fourth thing that I would do is, pamper my family. A night on the town would be lovely. A simple dinner at a resturaunt (that we've never eaten in) and a movie. If your children or spouse need something (like clothing), by all means go shopping. Buy yourself some clothing too. If you have enough money left over, get your hair and nails done differently than your normal style.

January and February are the perfect months to plan a trip. You can get rates at a lower price during these months. Most people prefer to take a vacation in the summer. This gives you plenty of time to plan. These months are best for paying off student loans.

Out of all these ideas, saving the money is what I'd do the most.