When it comes to doing our taxes, the vast majority have already paid our taxes, and then some. Unless you have special circumstances attached to your job, such as being a private contractor, your taxes will be automatically deducted from your pay each pay period, and we usually end up over paying. The good news is that this trend has spawned an interesting pseudo holiday in the form of receiving your annual tax refund. Tax refunds are pure disposable income for many, because it’s money they already spent in the first place, so it tends to feel like more of a gift. This can create some unique opportunities for us. Here are some ways you can use your tax refund to do something special.
First and foremost, many of us use our tax refunds to pay for a much needed vacation. This can be a huge help to those of us under duress, and it’s like a breath of fresh air to most of us. If you’re in need of some vacation ideas, I’ve got you covered. First of all, you’ll want to book a motel room with Motel 6, along with a flight, if needed, and possibly a rental car, depending on your destination. As for the substance of the trip, you might consider a trip to the beach. Beach trips are the time honored default vacation for a reason. It plays to the strengths of the Summer season, but it also offers you a way to beat the heat, so it’s the best of both worlds. The type of vacation you would need depends on the type of person you are, but a trip to the beach is hard to beat. (ch, lol)
Another way to use your tax refund is in a more practical way. For example, you could use the extra money to buy some things that need replaced or repair that are on their last legs. These situations typically arrive for all of us at one point or another. You’ve been dealing with sub optimal conditions for a long time, because it’s hard to feel like you have the money to spend. The surprise free money mentality surrounding tax refunds is perfect for this situation, as it’s kind of like a gift from above to fix the problems that have been stacking up throughout the year.
Whatever you choose to do with your money is, in the end, up to you, but make sure you do something special for yourself. Whether that be practical or recreational, it’s simply your money held back for a special occasion, intentionally or not, so make it a special occasion