Tax Time is upon us, my friends! Many of us are expecting a windfall in the form of a tax refund and our palms are itching to spend it on some very new, very shiny things. Hold. Up. Before that, I want you to take a look at this list of "Adult" ways to handle this refund.
Save - This should be the very thing you want to do with all of your extra income, honestly. No, it’s not super glamorous or baller, but dammit if it isn’t practical as hell. Put those dollars in a savings account to pad your emergency fund or start one. Most Americans don’t have $500 in savings. Let’s change that.
Invest - Like savings, but (potentially) on steroids. Investing your money in an IRA, stocks, or CDs not only prevents you from unnecessary spending, it can actually MAKE you money! WHAT! Make that money work for you, girl!
Charity - DONATE THEM DOLLARS! What cause are you most passionate about? Literacy? Environment? Disease Research? Whatever it is, use your windfall to support something you actually believe in.
Debt Payoff - I really should have placed this hire because it would be the responsible thing to do. But frankly, who really wants to do that. Still, this is a great use of your refund. Pay down that car, loan, credit card that’s been hanging over your head and get closer to being debt free.
A Much Needed Vacation - If you’re anything like me, you are in DESPERATE need of a vacation. While this is last on the list, it is by no means a last resort Sure, every single one of those suggestions would impact your bottom line in a positive way (debt reduction, net worth increase, potential tax benefits) but sometimes...you just need to treat yourself. Americans waste over 600 million vacation days a year. WHY IS THAT A THING?! Use this cash to finally take some time to just be either on a beach, in the forest, or in your own town. You work hard, you definitely deserve it.