If you've got extra money to use towards the student loan, be sure that you're paying off the highest interest balances first. It's recommended to put aside the "found money" that you might receive, like an employee bonus or a tax refund. If you’re looking to do some home improvement projects, be sure you consider the costs and benefits of different financing options. Many homeowners find they need to borrow to pay for home repairs or renovations because these expenses often exceed their savings or income levels.