Tax returns are due in 2 days!
Do you file your own taxes or have someone do them for you? I think everyone’s favorite part of tax season is the tax refunds after everything has been completed. You may get a big tax refund or a small one. You may spend it or save it. I know my friends and I usually spend ours on food and textbooks.
This weekends blog is about different things you can do with your tax refund.
Pay Down Your
Credit Card Balance
Your credit score will increase when you don’t owe money on a credit card.
Pay Down Your
Working your way to paying off your house will take a lot of stress off of your shoulders.
Pay Down Your
These could be school loans, car loans, etc. why not pay them down and get them closer to being paid off?
Put It In An
Emergency Only Fund
You never know when you could have an unexpected medical issue or unexpected car/ home repairs. Having money set aside for these circumstances will take some stress away.
Put It In A
Save up as much money as you can for retirement. The worst thing that could happen is you run short on money when you are retired, or you don’t have as much as you would like to live how you want.
Giving to charity isn’t just a good thing to do it also will reduce your tax bill.
Take A Trip
With the extra money that has entered your life you don’t have to do the responsible thing with all of it. You can put it in a vacation fund or use it to go on a vacation.
Retailers will usually have promotions around when tax returns come out with the intent to get you to spend it at their store. Why not take advantage of the sales?
Go To The Spa
You just made it through a stressful tax season, why not reward yourself with a nice massage and mud bath?
Find A Hobby
Finding a hobby to do will give you a fun outlet after a hard day’s work. Why not start your hobby with the extra money from your tax refund?
Go Out To Dinner
Why not go out to the restaurant you have been wanting to go to, but it was just too much on the expensive side for you to justify spending the money. Now you have some extra cash to spend.
Go To A Wine Tasting
Treat yourself to a wine tasting with your friends or significant other.
Buy An Expensive Gadget
Maybe you’ve been eyeing a fancy gadget but couldn’t justify spending the money. Now you have extra money to spend.
Replace An Appliance
In Your House
Maybe you want a new stove or a smart washer that connects to your phone, now you can justify getting it.
Get A New Car
With the extra money maybe you want to get a new or used car.
Get A New Computer
Maybe your computer is a couple years old and getting slow. With the extra money you can get an upgrade.