How Will You Spend YOUR Tax Refund

Taxes 101

It’s Tax Season baby, and you know what that means – free money! Or at least money owed to us 😉 For the next few months thousands and thousands of us who so graciously lent the government our hard earned dollars will now be getting a nice chunk of it back (in fact, the average refund tops $2,700). And while it may not technically be the savviest thing to do, it sure is exciting.

It also begs the popular question – What will people to do with it?  Will they finally pick up that 60″ flat screen or $500 pair of pumps they’ve been eyeing?  Will they begrudgingly use it to clear up that credit card debt once and for all?

It’s all rather interesting if you ask me.  And personally, I’ll be socking away ours into our household’s savings account.  Which at first may not sound all that fun, I’ll admit, but it’s actually our “have some fun” account! The one place money dries faster than the Sahara Desert – and after last year it’s in some serious need of topping off.

But the point of this post isn’t to make you care about what we’ll be doing with our returns, but more to get you thinking about what you’ll be doing with YOURS. One of the easiest ways to blow through it all before even realizing is to not come up with a game plan in the first place.

So take a few minutes today and write down some of the areas it could best serve in your life. It doesn’t have to be super detailed or anything, but it does have to pave the way for where you’d like it to go. That way when your lucky day does arrive, you’ll know exactly how to maximize it to your full advantage!

Then be sure to drop a comment and let us know what you have planned 🙂

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  1. I’ll have my windshield replaced, buy a Mah jongg set that I’ve wanted (since learning to play last summer), then I can save the remainder of Federal and State refunds. Yeah!!!

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