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| Filing date is actually April 18 this year. |
For some reason, I really enjoy doing my taxes. For that particular reason, I never put it off any longer than I have to. This year I didn't get much of a return because I didn't pay a lot of taxes because I was overseas. Most people will tell you that it's not good to get a return because the money was yours and you let the government borrow it interest free. That's not what this post is about though.
No, today I'm going to discuss what you can do with your tax return that won't make you look like an idiot. First some suggestions about what NOT to buy:
- Anything with a big screen
-This includes TVs, smart phones, iPads, and gaming devices. Most electronics with big screens are overpriced and not terribly useful. A giant-screen TV might
look awesome, but in the end it's still just a TV.
-Unless it's going to be your primary means of transportation.
-Unless you're going to live in it and sell your house.
-Unless it's a foot deep and for your kids, and even then...
- Anything that requires you to borrow money to pay for part of it
-I think that actually covers most of the former items.
Okay, I think that about covers everything you shouldn't buy, now onto the good part, what you
should be using that money for:
-And if you don't have any debt...
-And if you're already rich...
-Not really my kind of thing, but you
did say you were rich.Otherwise...
- Go ahead and pick one of the items from the top list, or whatever else you were going to buy
-I can't really argue with someone whose already out of debt and has a decent amount of money tucked away.
So there you have it, several ways to spend your money that won't make me laugh at you. One really cool thing you can do is buy "I" bonds directly from the treasury with your return. Turbo Tax did it all for me automatically, but if you're doing your taxes manually there's a form you have to fill out. I think it might be the same one that you use for direct deposit.
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