Every year, I dread doing my taxes. It's not so much that it is a difficult task, but there are so many other things I would rather be doing. Just about every year I get a tax refund, and I think it is great! I know, I could be earning interest on that money, and I'm just giving that to the government. I would much rather have some money coming back to me than having to fork it out each tax season. Ramit Sethi wrote a great post about why you should be happy to get a tax refund, not guilty, so go check it out. To me, it just feels better to get money back.
So if you do happen to get a tax refund, what will you do with it? You have plenty of options. If you have any debt, paying it down is probably your best option. You could invest your return, or you could donate it to a good cause. You could buy someone a nice gift or buy yourself something that you've been wanting. Me? I think I will knock off some of my mortgage principle, which will save me a ton more in interest later.
Please share your thoughts in the comments section.
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