9 Things To Do With Your Tax Refund

Happy Monday! It’s not a phrase you typically hear with excitement, but this Monday I’m excited because my tax refund hit! And who isn’t excited to get a little boost to their bank account?! At the same time it can be a little overwhelming trying to figure out the best way to handle the additional funds you have. Here are 9 things to do with your tax refund. I hope some of these help strike some inspiration for you in determining how to spend/save your extra money in the best way possible!

9 things to do with your tax refund

Book a Trip

With a little extra money “unexpected” money in your pocket, what better time than to plan some travel?! Whether it’s a quick weekend getaway or a one-week adventure, tax refund time is the best time to reward yourself with a fabulous getaway.

Make Home Investments

If you own a home, this is the perfect time to start on a home improvement project you’ve been wanting to do for a while. If you don’t own a home, make an investment by adding some of your tax refund money to your “saving for a house” account, that’s my plan!

Pay Off Debts

This is probably the biggest one! If you have student loans, car payments, credit card debts, etc., there’s no better time to get ahead on payments than now!

Schedule a Date Night

Date nights are the best! Pick a fancy restaurant with your significant other (or best friends), get dressed up, and splurge on a fun night out on the town!

Boost Your Emergency/”Rainy Day” Fund

You never know when an unexpected expense might pop up, which always causes a lot of stress. Be proactive and set some money aside in a separate account to go specifically toward emergency, unexpected expenses. You’ll be happy you did when something pops up!

Take a Class

Are you wanting to go back to school? Or take an in person/online class in something you’re interested in? With a little extra change in your pocket, tax refund time is the perfect time to sign up for something new!

Donate to Charity

If you’re able to swing it, consider making a donation to charity. It’s always a great feeling to be able to give back, and plus it’ll give you some good karma!

Add to Your Retirement Fund

This is something a lot of 20 and 30-somethings tend to brush off, because retirement is SO far off. But in reality, it’s absolutely something you should start building as soon as possible. Even if it’s just a small amount, you should add to the fund and invest in your future.

Treat Yo’ Self

Regardless of what you’re planning to spend the bulk of your tax refund on, make sure to treat yo’ self. Whether it’s a pair of shoes, a new bag, or a trip, make sure you do something to pamper yourself. You deserve it!


Have you gotten your tax refund yet? What do you plan on doing with the money you get back?

  • We always do TWO of the things you listed: date night and pay off debt! In addition, we catch up on any bills we’ve fallen behind on… Hopefully we won’t always have stuff to catch up on, but it’s life! This is a fantastic list! Your blog is so cool!

    • That’s great! It’s always wonderful to get a little extra money back to go toward things! Thanks for the compliment and stopping by, Kate :)

  • Sadly, we had to pay out for taxes this year but I did get a bonus at work around the same time. We used that to book a few trips and pay off debts (including our taxes). Date night sounds like a great idea though!

    Christy Marie Blog

    • Oh what a bummer :( Bonuses are awesome though! Yay for being able to put money toward both necessary (but boring bills) and some fun stuff! Where are you planning trips to?

  • Paying off debt! Yes! Unfortunately I almost always wind up owing the government money (downside of being an independent contractor), but I remember how much I used to love paying stuff off with my refund.

    • Boooo :( that’s no fun. I wish you could opt out of taxes altogether!

  • Ours went right back into our savings account… Property taxes will come out of there anyway, haha!

    • This is true, unfortunately. But at least you have a little extra to boost your savings to go toward them!

  • Tax refunds are definitely the best, and I would want to spend all of ours on a fun trip!

    • Totally agree! The trouble is figuring out where the next adventure will be.. so many awesome places!

  • linda spiker

    All good ideas! Especially paying off debt. Not the most fun idea but the most beneficial!

    • Thanks, Linda! Hopefully you can balance it a little with fun and beneficial things.

  • Great ideas!!! I used my tax money to pay off debts. This is what I typically do with my money. This year I also treated myself a little.

    • Thanks, Mistle! So great that you were able to pay off some debts AND treat yourself! Hopefully to something awesome :)

  • Chrissa – Physical Kitchness

    Yes yes yes all awesome ideas! I love putting money back in to our home. But I’m totally a homebody so sprucing up my pad is what makes me the happiest :)

    • I’m with you, Chrissa! Finding new things to spruce up your home is the best!

  • I came across your blog today. I am enjoying looking through your articles. I think this one is quite clever. I choose to pay of some of my student debt with my tax refund. Not very exciting but rather rewarding!

    • Thanks, Allie! 100% with you on that. It’s not too exciting, but at least it means you can (hopefully) use some of your regular money for something fun!

  • ashley

    Great ideas! We had a few things in mind for ours including new couches since we sold ours when we moved.

    • That sounds great! I hope you’re able to pick up one you love!

  • Our’s went to #2 & #3 this year. I hope next year we get to invest it into a trip or get to do something nice but I do enjoy our new living room we got to finish and furnish with the refund :)

    • So fun! What did you do to revamp your living room? I hope you’re able to plan a trip with next year’s too!

  • Belle Vie A Deux

    Paying of debt id the best idea one can have when they can afford to.

    • Totally agree! It’s such a great feeling to do so!

  • What a fun round up! I got a nice tax return this year, and it’s been really fun to figure out what to do with it!

    ​xx katie // a touch of teal

    • Thanks, Katie! Great to hear you got a decent tax return! What are you thinking you’ll put it toward?

  • Those are all great things to do with your tax return. Getting out of debt is a great idea and makes for a great year.

  • These are all great tips, and I love the last one – it’s so important to ‘treat yo self’!
    I did really well with my taxes last year and I have booked a trip to the Maldives with it! Flights, accommodation and food included – I can’t wait to finally see those stunning islands! :)
    — LisaLDN.com

    • Wow that’s amazing! I can’t wait to hear all about it, it sounds like an incredible trip!

  • Ashley Stephenson

    I always end up putting mine in my savings and treating myself a little!

    • Me too, Ashley! I hope you’re treating yourself to something fun this year :)

  • Candy Kage

    We treated ourselves to a new zero turn lawn mower. Doesn’t sound like much we are excited.

    • Hey, it’s always the little things! Great that you were able to invest + treat yourself to something!

  • Live by Surprise

    We opted to pay down some debt – it was nice to have a little extra cash though.

    • Good for you! It’s always nice to get a little extra change!

  • Mine will be put toward wedding expenses!

    • That’s a great thing to put it toward! I can’t imagine all of the crazy expenses for it!

  • Definitely some great ideas! Mine is going right to the paying off debts bucket!

    • Thanks, Katie! Paying off debts is such a rewarding feeling!

  • Daria Vinning

    Awesome list! I love the paying off debt, booking a trip, home improvements and treating yo’self. This year I want to do some home improvements and put some in savings. I also love to give back to charity…

    • Thank you, Daria! I hope you’re able to check all of those off with your return this year!

  • Ruthie Ridley

    I must say, I have visited your blog quite a few times now and you have the best posts! Loved this one. We definitely put ours in our Emergency fund this year!

    • Aww thanks, Ruthie! That makes me so happy to hear :) Awesome that you were able to boost up your emergency fund. You never know when it’ll come in handy!

  • My husband and I love to save. It’s not often that we treat ourselves. This year we decided that instead of saving our tax return, we would treat ourselves to a weekend getaway. I’m super excited!

    • That’s so wonderful, Tiffany! Where are you thinking you’ll plan your trip to?

  • Allison Lancaster

    Love this! I am all about saving!

    • Saving is great! I always try to put a good chunk of my return toward it too!

  • Christine

    With our tax refund I usually will pay off some debt, splurge on something for the house and then save the rest.

    • Sounds great! I love being able to put it toward a few different things!

  • We didn’t get a huge refund but it was definitely something. We put half of it toward our student loans, and then with the remainder we put a big chunk of it towards our trip to Paris later this year and left a little money for “fun spending.” :)

    • How awesome! Sounds like the perfect balance for distributing the money! Can’t wait to hear about your trip to Paris!

  • Take a class! Great idea! I plan on taking a photography class…great post!

  • This is a great post! We’ve saved some of our refund and put the rest toward student loans. I feel very grown up and responsible about that. lol

    • Thanks, Charlene. Good for you! I know the feeling well. Adulting is no fun when it comes to bills and responsibilities, haha.

  • I paid off debt with my federal refund and am taking a vacation with the state one. This is a great list of ideas!

    • Thanks, Missy! That’s great! Where are you planning to vacation to?

      • North Carolina for some fun mountain time and adventure!

  • we totally put it towards a trip! i mean, we’d already booked it and had plenty to pay for it, so technically it went into savings, but still. towards a trip sounds way more fun.

    • Hooray! I’m always for building up the vacation fund :) Hopefully it’s for somewhere fabulous!

  • Mia Silvertooth

    Paying off debt is definitely what I did with mine, but these are some great ideas!

  • Ahh I WISH I got a tax refund! I’m currently working out how I’ll be paying the bill in July haha! Those sound like some awesome things to splash out on though.

    • Ugh what a bummer :( Hopefully next year you’ll get something back!

  • divapinks

    Hey! I have nominated you for the Liebster Award! Go to my blog at http://www.divapinksmommyblog.blogspot.com/ and check it out!

  • Cherry Mayola

    Wasted a few tax refunds on Treat Yo Self :( From now on a big chunk will go to Emergency Fund.

    • It’s always the most ideal category to go with! If you can make it work to split between treating yourself and saving, that’s always my favorite thing to do!

  • Yay for tax refunds!! Mine usually goes to a trip or debt! All good choices on here!

    • Thanks, Jackie! If you’re able to split between the two categories, even better :)

  • Dia

    I love that this is a mix of fun stuff and responsible stuff. Sadly I had to pay this year so no refund for me but this is a good list. If i get money back I normally put it towards debt.

    • Ugh what a bummer! Hopefully next year you’ll get something back!

  • After doing taxes, we all deserve a mini vacay! Booking a trip is definitely my preferred way for spending that tax refund.

    • Totally agree with you, Chelsea! What would your top pick for the trip destination be?

  • Wish I could do a mini vacay, but bills it is.

    • Bummer :( On the bright side, at least you don’t have to pull extra money out from your normal income. Maybe you’ll be able to swing a little getaway later this year!

  • I think it’s a good idea to divide the refund between paying off debts, saving, and treating yourself.

    • Totally agree! It’s wonderful to be able to boost a little of each!


    #10 . . . buy your Dad a cigar!

  • I love these suggestions! I used mine to help pay off my car!