The Best Ways to Blow Your Tax Return

By  May 01, 2014

double-chanel

If you were one of the lucky ones that are actually getting a refund from Uncle Sam, I’d say you deserve a little shopping spree. This year the IRS was looking at me with their hands out so I am going to live vicariously through you by helping you spend your hard earned tax refund.

Investment Pieces

I’m no money whiz but it’s probably smarter to invest your refund into some sort of mutual fund or at the very least put it into savings but I invest a little different than most people do. I invest in my wardrobe. So if you are going to have a little fun with your refund at least buy something can increase (or at least retain) its value like a classic Chanel bag.

More Bang for Your Buck

If forking over a lot of cash on one piece scares the daylight out of you, then take yourself on a shopping spree! My top shopping spree locations are Nordstrom Rack, TJ Maxx, and Marshalls. That way you are getting more but you are also getting more quality for less money. I would advise against a Forever 21 shopping spree–your beloved refund duds may disintegrate after the first wash.

Be a Giver

It doesn’t always have to be “me me me” when it comes to spending your refund. Take your lump of cash and get your holiday shopping knocked out early. Or be a lamb and get you mom something special for Mother’s Day. Speaking of Mothers, you can be a real Mother Theresa and give your refund to your favorite charity because giving never goes out of style.

 

How are you spending your tax refund this year?