Friday, March 13, 2015

Five Ideas for Your Tax Refund

There’s nothing like that feeling you get when the bottom line shows REFUND. Is it relief? Is it winning? Either way WOW comes to mind. So, how do people use that tax refund. The average tax refund in 2015 is estimated to be anywhere between $3000 and $3500. Whether you get a big or small refund you can use these ideas to savory the moment.

Here are five suggestions that have good karma.

Pay Down Debt-About 46% of US households have some type of consumer debit outside their mortgages, so you should use part of your tax refund to work that balance down.


Save for a Rainy Day-A rainy day fund is reserved money set aide for times when regular income is interfered with, such as a job lost or an illness. It always a good idea to have emergency cash fund because it will minimize borrowing money. 

No baseball for six weeks

Give to Someone in Need-There’s a good chance you did not get this far in life without help from someone, most likely your parents or other family members. Their generosity is cause for celebration and a great way to do that is to pass it on - Pay it forward. Local charities have a sense of “taking care of our own.” Check out food banks. They do a lot with a little dollar amount.



Community Garden

Splurge on Something - For some this could be going out to eat for dinner with friends, maybe a small bouquet of flowers for your house or even a fancy box of chocolates. It does not have to cost much, as long as it is something you enjoy and use up. It’s all about appreciating the moment. But if you have the big refund maybe a weekend away would be perfect.



Invest in Something That Will Brings You Enjoyment for a Long Time- Maybe a new dining table and chairs or perhaps a desk for a home office space. Nothing feels better than having a dedicated space for hobbies and work. Here’s a hip desk from Walker Edison, the Soreno desk.