You could be coming into some money soon. According to the Internal Revenue Service, in 2017, 111 million Americans received tax refunds, with the average amount being $2,895.

Of course, you may not be due anything. The IRS anticipates approximately 41 million Americans won’t receive refunds this year. But let’s say you get a refund. What should you do with it? Save the money? Invest it?

If you’re looking for ideas to manage your influx of cash, we have them. But with that said, the higher your refund, the easier it is to decide what to do with it. So, say you receive a significant amount of money, such as $1,000 — still well below the national average — here are some money-smart ways to put your refund to good use.

[See: 9 Red Flags That Could Trigger a Tax Audit.]

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7 Smart Ways to Spend a $1,000 Tax Refund originally appeared on usnews.com

Update 03/28/18: This story was originally published on Feb. 21, 2017, and has been updated to include new information.