Take $50 play the lottery (one in particular). For further incentive to save instead of spend your tax refund, enter the Save Your Refund lottery for a chance to win up to $10,000. The promotion, from America Saves and Commonwealth, is designed to encourage people to divert a portion of their tax refund — a minimum of $50 — into a savings account, individual retirement account, bond, CD or Treasury Direct account. Each $50 you sock away buys an entry into the lottery for a chance to win 100 weekly $100 prizes. Submit a photo that represents your savings goal and you’ll be entered for one of two grand prizes of $10,000 each.
Buy some good karma Donating money to a cause you care about is the ultimate tax refund twofer; it not only benefits those in need, but the giver also derives lasting warm fuzzies from making a difference in other people’s lives.
Need to invest in your Motorcycle. We all know riding season is upon us and we could ALWAYS us something for our Motorcycles.
Buy your financial freedom. If you have credit card debt, paying it off. Get peace of mind There’s no better sleep aid than knowing you’ve got the cash on hand to cover unexpected expenses.
Super-size your shopping money. Funding the big-ticket items on your 2020 shopping list (new car, tuition, braces, Botox) just got an extra boost thanks to the tax refund..
Invest your tax refund in your ‘human capital’ Using your tax refund to pay for additional training, tuition, a work-related conference or membership in a professional organization is an investment that can pay off for years to come in bigger paychecks and greater job stability.
Repave your yellow brick road. There’s no place like home, and given the price people pay for their split-level ranches, Cape Cods and condos, keeping the place in tiptop shape is a wise use of tax refund dollars.
Splurge on a serotonin booster. A smarter and more satisfying splurge is spending money on an experience such as travel, music lessons or a class on, say, Appalachian looming techniques. Studies show that experiential purchases make us happier