Buy a Diving Board for Your Boat with Your Tax Refund
The IRS says the average tax refund for individuals is right around $3,000. For the majority of Americans, this represents a nice chunk of money. There are many ways in which you can spend your money. For example, you can buy a boat. And if you already own a boat, you can buy a diving board for your boat from Lillipad Marine. You could buy something stupid like a motorcycle or a trip to Las Vegas, where is the fun in that?
The point is that when you do get your refund, you need to make a decision on how you are going to spend your money. Whether you desire to make a smart investment or knuckle-headed buy, it’s all up to you. If you have not given any thought as to how to spend your return money or if you are at a loss as to what to buy, we can help steer you the right way.
The amount of people who rush out to the furniture store at tax time is crazy. No wonder furniture stores advertise so much this time of the year. But before heading to the showroom, you need to ask yourself if you really need that new couch, dining set or reclining chairs.
It might make sense to get a piece of furniture if it is really needed. But there is no need to buy furniture just for the sake of having something new.
Do you really want to spend your tax return money on overpriced food? That dinner you get at Applebee’s had better be pretty darn good and memorable as well. But we doubt it. You have the riblet platter at Applebee’s on Friday and by Tuesday, you struggle to recall anything about the whole experience.
It’s fine to allow one or two dinners out with your return money, but choose unique places that offer great food and atmosphere to boot. Make sure it is an experience that will give you fond memories.
There are a few of you who are already booking a trip to Las Vegas with your tax return money to see if you can double it. In reality, you will probably blow it. If your idea of a good time is watching your money going down the drain, then go for it.
And if you counter with the argument that Las Vegas is entertaining and fun, we’ll humor you. After all, you can visit the M&Ms museum or catch an act of some second-class hack like Criss Angel or Andrew Dice Clay.
You could spend your tax returns on a sweet set of golf clubs or other sports equipment, but this only makes sense if you will actually use it enough to get your money’s worth. If the clubs gather dust in the garage, then it is not a wise investment.
A Pair of Jeans
You have always wanted an expensive pair of jeans. Well, we have news for you; you aren’t going to look any better no matter how much you spend on a pair of jeans. We are not trying to be cruel, just truthful.
Have an Experience
Instead of spending your tax return money on boring dinners at Applebee’s or furniture, you could use it to have an experience that you will never forget.
If you have dreamed about skydiving for a long time, go ahead and set the appointment. Us the extra funds from your tax returns to buy tickets to the Red Sox game where you sit so close to the action, you can whisper advice to the batter on deck.
Tax time is stressful. Heck, tax time or not, we all suffer from stress. You can use your tax returns to head to the spa for a day to take the edge off. Treat yourself to a day of massages, facials and a mud bath. You deserve this.
Fund Your Hobby
You might have a hobby that keeps you busy and makes you happy. If so, use your tax return money to fund it. Perhaps you have a coin collection and would like to add to it or maybe you collect comic books and could really use a few more classic issues of Spider-Man.
Buy a Boat
Of course, you could always buy a boat. Just don’t forget to buy the diving board from Lillipad Marine as well.