Ah Yes! Time For Your Tax Refund: 5 Ways To Spend It Effectively

We’re all hard working individuals, but the truth of the matter is most of us don’t really spoil ourselves throughout the year. As we continue to think about our goals for financial freedom, we also have to consider how to treat ourselves within a budget. For many, receiving a tax refund is like winning the lottery, it’s that reprieve you wait for each year. To me, the best way to spend your tax refund is on something that gives some type of return of investment OR on things we really need. We definitely want to hear more about ways you plan to spend your refund check. In the mean time check out this list of 5 ways to spend your tax refund effectively.

5 Ways To Spend Your Tax Refund Effectively

• Save

1. Invest In Stocks

2. Down payment on a car or buy a car

3. Start a business

4. Take a vacation

5. Put it into an interest bearing account

*6. bonus, pay off any debts you have that incur interest*

I personally have 3 main goals for 2015; Launch my new business Sports, Women and Beer, buy a new car, and work on getting a house. The new site is being built and will be ready to launch in March so that leaves the other 2 big goals. I’ve been looking at different cars for a long time, the first thing I need to do is narrow down my choices and find a car. Sounds simple enough, right? However, I seem to have an internal struggle between wanting something sporty and thinking I need something smart lol. For now we’ll just work towards my dream car, I’ve always wanted a Mercedes. I think I would look fabulous in the one below! I love that DriveTime has it in an affordable price range. I know we all love NEW things but sometimes it’s good to get quality used products… especially on things that don’t appreciate in value anyway.

• Save

Now that we’ve finally picked a car, I’ll have to think about the type of home I want and get started thinking about how much I need to put down. All in all, I believe that each time you get a refund, you should put it to good use so that it works for you. If we can all work smarter, we won’t have to work harder.

Check How American’s

Are Spending Their Tax Refunds!

Brought to you by DriveTime

 

• Save

 

 

Share Some Effective Ways You’re

Spending Your Tax Refund!

This is a sponsored conversation written by me on behalf of DriveTime. The opinions and text are all mine.