Claim advisory groups want to give you information on how to spend your PPI refund. If you successfully make a claim on PPI, you have several options on how to spend that money. One of the best places to put that money is in a savings account. This will allow you to have the money available for an emergency in case you need the funds. While many savings accounts do not pay high amounts of interest, they do provide protection for the funds until you need them. Other investment options provide higher amounts of interest. The best option is one that gives a good interest rate without penalty if you withdraw the funds in an emergency.

Another option, lauded by claim advisory groups, is putting the PPI refund money towards your debts. It will be ironic if you pay off a loan on which you just got a PPI refund. If you can do that will a few different loans, it will be ironic and extremely gratifying for you. By turning that money around and paying off debt, you will save interest as well as free up your monthly income to pay down other debt or put away into a savings account. It is best to get rid of unsecured debt like credit cards or personal unsecured loans before a secured loan.

If you do not want to save the money or put it towards your debt, claim advisory groups give advice about putting the money towards something you need rather than want. If you need to get your children ready to go back to school, that money would come in handy to pay for uniforms and shoes. If you need to make repairs to your car, put the money towards those repairs. The money can be handy for house repairs, past due bills, and anything else that will help the family financially.

If you do not have any needs and only wants, then use the money as you wish. You can upgrade your electronics or take an extended overseas holiday. You can likely find a way to spend the money on just what you want for your birthday or Christmas. You also have the option of saving some of the PPI claim while also paying off debt, dealing with a few needs, and handling a particular want. Claim advisory groups are there to help you get the PPI money you deserve. You have the option of spending it, as you want.