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By Athena Cao
February 1, 2017

Every month, MONEY gives you a list of ways to save money, spend intelligently, and improve your overall financial condition. This month’s list includes tax-time prep as well as smart shopping tips for Valentine’s Day gifts and holiday vacations.

Feb. 1: Impress your valentine.

Planning to buy one-carat diamond studs for your love? Get 0.97-carat jewels instead. You’ll save up to 25%, since diamond prices jump at each half-carat point. The 0.03-carat difference will be imperceptible.

Feb. 4-10: Start on your 1040.

Check that you’ve received your tax statements, since most should have arrived by now. A quick refund is just one advantage of filing soon. (See 6 Smart Ways to Give Your Finances a Boost Right Now.)

Feb. 15: Make a late college application.

Worried your high school senior won’t get into a great, affordable college? Today is the last day to apply to some top-value schools, like Muhlenberg College (No. 87 on MONEY’s Best Colleges rankings) and Towson University (No. 242). Find more schools with late deadlines.

Feb. 28: Book a New Year’s flight.

If 2016 is any indication, now is the best time to buy year-end plane tickets. Christmas and New Year’s average airfare was $130 lower this time last year than in early December, according to

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