What is best way of utilizing/spending TAX Refund money???

Discussion in 'Money Matters' started by SriVidya75, Mar 15, 2010.

  1. SriVidya75

    SriVidya75 Platinum IL'ite

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    So now that tax filing season is ON!!! do you plan on what to do with TAX Refund money?? do you invest or save or buy ? lets share!!!!


    We usually pay off few additional EMIs on our loans..for car/home loan payments..

    What about you friends??? what do you do or suggest to do??
     
    Last edited: Mar 15, 2010
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  2. Laks09

    Laks09 Moderator Staff Member IL Hall of Fame

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    Time to PARTAY!!!!!!!!!!!!!!! Shopping, mani/pedi time ;)

    On a more serious note, we've use the tax refunds for our yearly trips.

    Other ways to utilize it would be to pay off credit card balances, add to your portfolio(by diversifying into a new arena), kick off a few investments in India, pay for a home improvement project or my favorite - INVEST in some jewels, you know jewels to be put to good use on a rainy day somewhere in the future :thumbsup:thumbsup
     
  3. SriVidya75

    SriVidya75 Platinum IL'ite

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    Laks

    Thanks for dropping by dear!! good suggestions...
     
  4. Priya_Mommy

    Priya_Mommy Gold IL'ite

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    Srividya
    Last year I got around 40K as returns........infact I ignored that sum...but just out of surprise I recieved it........as its a whole sum amount, I took jewellery with another 20K.....now whenever I wore it, I recollected that suprise gift by God.........Touchgold Tax God!!!
     
  5. SriVidya75

    SriVidya75 Platinum IL'ite

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    Woww thats really a sweet surprise isnt it:)koool good way of saving up or investing that amount! worth it:cheers
     
  6. skchivukula

    skchivukula Bronze IL'ite

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    Nice thread
    Me too a windfall of lacs few months back and as usual - house loan repayment
     
    Last edited: Mar 18, 2010

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