How will you spend your tax refund?

How will you spend your tax refund?

One of the local radio stations was having listeners call in to answer the question, “What are you going to spend your tax refund check on?”  I didn’t even want to listen to the responses.  I knew most, if not all, would be about the purchase of frivolous material goods.  As if the IRS is their interest-free layaway program.  Due to a planning mistake on my part, I too was about to get a very sizable refund.  Enough to buy several tech gadgets, fancy clothes, some bling like a new watch, and still have money left over to go on vacation for a couple weeks to an all-inclusive resort.  So what was I going to buy?  All of them…I “deserve” it.  Right?  Wrong.  Such is not the way of someone trying to retire early.  I can’t wait to get my refund check, only to immediately turn around and deposit it into my brokerage account.  Every single penny of it.  One step closer to retirement.

(Photo:  happy tax refund by frankieleon (CC BY))

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