Did you know you’re more likely to save a windfall than a small amount consistently over time? Hack that psychology by saving your bonuses, raises, and tax refunds.
The video from the Defense Credit Union Council gives you some ideas and tips. Personally I like the 1/3 rule:
Each unexpected income is split according to the rule
1/3 Into Savings
1/3 Towards a Debt you Owe
1/3 Used for Spending
And of course it is alwyas a good idea to direct your tax refund directly into a savings account, so it does not get spent right away!