10 Ways you could spend your Tax Refund
The term โgross wagesโ was always interesting to me. Thereโs nothing gross about your wage except for the amount the government takes out in taxes. The good news is the potential to receive a tax refund at the beginning of the following year. After having gone months without that money, you receive it in bulk all at once. The national average tax refund is about $3,000. How are you going to spend a few grand during tax season?
I have composed a list of a few suggestions to ponder when considering what to put your money towards.
- Pay off your credit card. No one likes owing anyone money. Get your debts paid off.
- Home improvement. Maybe you need to replace all the outdated decorations in your house. Your surroundings have a direct impact on your mood. Thereโs a chance that an updated living room will make you feel uplifted and comfy.
- Buy a loved one a gift. Make someone else feel truly special, and you will also feel warm and fuzzy inside too.
- Are you still paying off student loans? Make a chunk of a payment to help dig yourself out of that hole.
- If you have a child, maybe start a savings account for his/her first car.
- Put it in your own savings account for the future.
- Go on a vacation. Itโs much like medicine for your soul and could really make a difference in your general wellbeing.
- Spoil yourself. Go get a deep tissue massage. Why not?
- Invest your money where it can be multiplied.
- Take your significant other on a special date.
A good tip to spending your refund is to use most of it for responsible matters and take a small portion of it for fun. That way you can feel good about how you spent the money.
ย By: KayLynn
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Search All Blogs
Read More Blogs
Road Trip Through History: The Unexpected Story of the Interstate Highway System
From nuclear war to family road trips, the Interstate Highway System’s history is more surprising than you think
Independent Spirit, Independent Insurance: Why Your Business Needs an Independent Agent
Ditch the Captive Agent! Why Independent Insurance Agents are Your Business’s Best Superhero
Beyond the Funeral: 9 Reasons Why You Need More Life Insurance Than You Think
Life Insurance: Not Just for Buryin’! Unexpected Costs You Never Knew Were Covered
New Car, New Coverage? Navigating the Wild World of Auto Insurance
New Car? Don’t Get Stuck on the Side of the Road with Bad Insurance!
Renters Insurance: Your Secret Weapon Against Disaster (and Burglars!)
Beyond Broken Leases: Why Renters Insurance is Your Best Friend (and How to Get a Great Deal)
Flappers, Flights & Fizzy Fridays: The Roaring Twenties You Never Knew
Dive into the 1920s beyond the speakeasies! Explore the decade’s social shifts, technological marvels, and surprising connections to modern times.
Bundle Up and Save! The Ins and Outs of Business Insurance
Unsure about business insurance? Don’t be! Learn how bundling different coverages protects your company and puts money back in your pocket.
Life Insurance Myths Busted: Unveiling the Simple Truths Behind Financial Security
Considering life insurance but confused by the myths? We clear the air on common misconceptions and show you how to get simple, affordable coverage.
Buckle Up for Savings: How Car Safety Ratings Save You Money
Crash Test Your Cash Flow: How Car Safety Ratings Impact Insurance Rates
Pool Paradise or Premium Pain? The Splashing Truth About Pool Insurance
Dive into Savings: How Pools Affect Homeowners Insurance (and How to Stay Afloat)