Tax season is here and to many of us that means one thing… Tax Refund!
I know there’s a debate whether we should be getting a refund or changing our withholdings to get more on our paychecks, but that’s a discussion for a different time. Let’s not rain on anyone’s parade and let us enjoy our refund for now.
We all enjoy getting a tax refund. It feels like we just won a scratch-off. One of the reasons we love tax refunds so much is because we like to spend money and this is extra money that we can spend freely… or so I thought.
I used to buy all kinds of stuff with my tax refund – I bought my motorcycle with my tax refund – and it felt good for a few weeks.
That good feeling slowly faded when all that money was gone and I still had debt and almost nothing saved.
If this sounds familiar, here are a few suggestions on what you can do with your tax refund that makes you feel good for a long time.