4 Surprising Ways to Spend Your Tax Refund

There are lots of ways to spend

your tax refund.

Here are 4 really healthy ways that will support you in the long-term while putting a smile on your face in the short-term.

Coaching for growth

“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people that they don’t like.” 

– Will Rogers

1. Sock 10- 15% of it right into your savings account.

Financial stress is one of the biggest factors affecting daily well-being. Whether you call it a “nest-egg”, “mad-money”, or a “vacation fund”; knowing that you have financial cushion can go a long way towards removing a level of daily stress.

 

2. Plan a dinner or potluck with some good friends and family.

There’s nothing like connecting with friends and family over good news and a these days, a tax refund is great news. it doesn’t have to be extravagant to up your happiness level. Grab some friends and family and go out for a fun dinner, plan a potluck picnic or celebrate with a great drinks and desert evening. The point is to allow yourself to play and celebrate with others. This will up your oxytocin levels and you’ll feel the benefits for a longer time than if you just went out and bought something new.

People picnicking

Gathering with friends increases well-being.

3. Pay-off or pay down whatever debt is driving you the craziest.

Hint- that’s usually the one with the highest interest rate. Lowering your debt lowers one of the stressors in your life and that my friends, makes you happier right away. it also leads to an increased sense of accomplishment and ability to support ourselves and that leads to longer term resilience and positivity.

4.  Add a new activity at a bargain.

Hit your local yoga studio or gym for their “new member special” or by yourself a special class or training session for a month. There are great deals to be had and who doesn’t like the thought of getting a great deal on something that already will help keep you healthy? Whether it’s a climbing gym, weights, boxing, pole-dancing, dance lessons or yoga, learning something new and physically challenging is one of the best things you can do for your body, mind and soul.

This final one hits all the key elements of resilient living by connecting you to a physical practice, challenging you to stretch your boundaries a bit and getting you out there with some new people while you are being active.

Want the most bang for your buck?

Do all 4 and see what happens!

Looking for even more great  ideas? … CLICK HERE!

Cheers,

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New York Life Coach, coach for happiness, resilience coach, transformation coach
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