10 Ways you could spend your Tax Refund

The term “gross wages” was always interesting to me. There’s 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.

  1. Pay off your credit card. No one likes owing anyone money. Get your debts paid off.
  2. Home improvement. Maybe you need to replace all the outdated decorations in your house. Your surroundings have a direct impact on your mood. There’s a chance that an updated living room will make you feel uplifted and comfy.
  3. Buy a loved one a gift. Make someone else feel truly special, and you will also feel warm and fuzzy inside too.
  4. Are you still paying off student loans? Make a chunk of a payment to help dig yourself out of that hole.
  5. If you have a child, maybe start a savings account for his/her first car.
  6. Put it in your own savings account for the future.
  7. Go on a vacation. It’s much like medicine for your soul and could really make a difference in your general wellbeing.
  8. Spoil yourself. Go get a deep tissue massage. Why not?
  9. Invest your money where it can be multiplied.
  10. 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.

 By: KayLynn


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about our blog writer?

Read more about KayLynn's background.

Click Here

Search All Blogs

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Non-Profits Need Protection Too! Safeguarding Your Good Works with Insurance

Non-Profits and Insurance: Myths Busted! Protecting Your Good Works

Beyond the Grave: Burial Insurance vs. Life Insurance Explained

Don’t Be Buried by Confusion: Understanding Burial and Life Insurance

Cracking the Code: Your Car’s VIN and What It Means to You

VIN Decoder Ring: Unveiling the Mysteries of Your Car’s Identification Number

The Aftermath: Proving Your Possessions After a Disaster

Homeowner’s Insurance Hero: How to Prepare for a Claim Before Disaster Strikes

Lost in Translation: Skills of the Past That Young People Might Miss Out On

From Fax Machines to Fancy Footwork: 6 Skills Younger Generations Might Not Have

Beyond the Box Truck: When Does Your Business Need Special Vehicle Insurance?

Business on the Move? Don’t Get Stuck Without the Right Vehicle Insurance

From Bronze Age to Boomers: How Life Expectancy Went From Meh to Magnificent

How Long Will You Live? A Look at Life Expectancy Throughout History (and Why You Might Need Life Insurance)

From Chauffeur to Cheerleader: The Teen Driver’s (and Parent’s!) Guide to Car-Buying Chaos

Teen Driver on the Horizon? This Guide Will Steer You Through Car-Buying Chaos

When Branches Become Brawls: Who Pays When a Tree Attacks Your House?

Neighborly Nightmare: Tree Trouble and Your Homeowner’s Insurance

From Pet Rocks to Pokémania: A Funtastic Journey Through 50 Years of Fads

A Look Back, and a Look Forward