Tax season is arguably the worst season—yes, even a terribly frigid winter can’t compare. While many people stress over collecting and filing proper tax documents and sending in large sums of money, some individuals can look forward to a nice check in the mail. Returns happen when you withhold more money than you pay at the end of the year.
The average return rate is around $2,800. Some get less, while others receive significantly more. And while the responsible decision when coming into extra cash is to save it for a rainy day, why not think big? Here are fun ways to spend your yearly tax return money if you feel like rewarding yourself.
Invest in Yourself
One aspect of the pandemic is the increase of at-home businesses started by individuals—many online, small companies make significant profits. If you received a nice check in the mail, consider using that dough on items that allow you to make money on the side from the comfort of your house.
Video game streaming is a multi-billion-dollar industry that nearly anyone can break into and make some money. However, you’ll need a solid streaming setup to grow a following and make the big bucks. This consists of audio and recording equipment, quality gaming systems, and décor to personalize your channel.
Online marketplaces like Esty allow millions of people to turn their hobbies into full-fledged careers. Invest in industry-specific gear and resources with your tax return and find a more rewarding job.
Take a Vacation
If you live in an area currently still affected by the winter season, chances are you’re looking for a nice getaway. Most domestic and some international trips don’t cost a lot of money, and even $2,000 is enough to plan the perfect vacation.
If you want to save on ticket prices, consider traveling by car and seeing the many landmarks and attractions the country has to offer. If you plan to travel outside the US, use that tax return for ticket costs.
Make a Flashy Purchase
This idea is the most irresponsible, but it’s also the most fun. If you’re typically frugal with money, it’s nice to reward yourself with a flashy purchase from time to time. If there’s a product you’ve wanted for a long time, use your check and fulfill your desires.
These items are typically clothing or entertainment-related, but you can get as creative as you like. Did you always want to own a golf cart with the perfect rear seat for easy and fun transportation? Maybe you desire a subscription to an upscale monthly wine box delivery service. The possibilities are endless!
Monday, 18th of this year will be stressful for many as they rush to complete their tax obligations. You can improve your experience by using these fun ways to spend your yearly tax return money.