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How are you spending your tax refund? ($50 Giveaway)

submitted on April 15, 2012 by YanBz in "Member's Lounge"
I am not getting a refund in 2012 but when I received it last year I used the entire amount to open a college savings account for my son. What is your favorite way to spend the tax money? Please take the poll and share your tips in the comments for a chance to win $50 cash prize.

Registered Buxr members only (registration is free). One entry per member. US participants only. Contest closes April 23, 2012. The winner will be randomly selected and announced in the comments below on April 24.

This Poll is Closed


1. Are you getting tax refund this year?
  • Yes
  • 78%
  • No
  • 19%
    2. How do you usually spend the money?
  • Pay off debt
  • 39%
  • Buy a gift
  • 6%
  • Spend on travel
  • 11%
  • Home improvement
  • 22%
  • Car upgrade
  • 0%
  • Entertainment
  • 6%
  • Put into savings
  • 39%
  • Take classes
  • 8%
  • Give to charity
  • 3%
  • Other (leave a comment)
  • 14%
    Total: 36 votes

            

    Favorite
      Comments
    • 148268
      auntiethesis
      learner
      Posted by auntiethesis on April 16, 2012
      [reply] 3 0
      Glad to be getting a bit of money back this year; putting it toward paying off some lingering bills.
    • 148270
      Laura
      guest
      Posted by Laura on April 16, 2012
      [reply] 2 0
      I spent a lot of money this year on teaching supplies for my urban classroom. My school didn't have pencil, papers, stickers, tape, ANYTHING. I spent over $1200 on supplies for my kids. I was so relieved to get a big tax refund because it helped "reimburse" me for the money I spent to teach 110 7th graders!
        148454
      • mommy25
        professor
        1 4
        8 7 2
        Posted by mommy25 on April 18, 2012 [reply] 0 0
        Great Job!!!! Thank you for all you do for those children. Big Grin
    • 148271
      ChristieStruck
      learner
      Posted by ChristieStruck on April 16, 2012
      [reply] 3 0
      Our emergency fund is almost where we want it now! THAT feels better than any TV! Besides, when that is full, we can start taking vacations more often with the money we would normally put aside. Smile
    • 148279
      godzooki
      learner
      Posted by godzooki on April 16, 2012
      [reply] 5 0
      I have 4 boys. Two teens, one toddler, and 1 1st grader...Can we say CLOTHES???!!!!
        148459
      • mommy25
        professor
        1 4
        8 7 2
        Posted by mommy25 on April 18, 2012
        [reply] 1 0
        Wow, 4 boys can cost alot! I have 5 kids myself, 3 girls and 2 boys. They are 3,26,25,21,and 20. Thankfully i only have 1 to still buy for...lo.l. Big Grin
    • 148288
      coolsherol
      learner
      Posted by coolsherol on April 16, 2012
      [reply] 3 0
      I've found that the best way to use Tax refunds is in savings. U can never go wrong there. It's a good investment! Smile .
    • 148293
      pablos17
      deity
      2 4 6
      10 8 2
      Posted by pablos17 on April 16, 2012
      [reply] 2 0
      Paid off some credit card bills and using a bit for a trip to Louisiana next month.
    • 148300
      ecollins86
      learner
      1
      Posted by ecollins86 on April 16, 2012
      [reply] 1 0
      I put some in savings, pay off some of my school loan, and put some toward bills. I try to keep out a little for myself Smile
    • 148307
      retaildiva
      learner
      Posted by retaildiva on April 16, 2012
      [reply] 2 0
      We are getting a return which helps pay our property taxes next month. It is a forced savings which goes right back to the govt.
    • 148309
      deathbynosleep
      teacher
      7 1 1
      Posted by deathbynosleep on April 16, 2012
      [reply] 1 0
      Every year I say i'm going to waste it on a new hood for my truck...but it usually ends up sitting in my savings account instead.
    • 148312
      jack69darin
      professor
      11 2 1
      Posted by jack69darin on April 16, 2012
      [reply] 3 0
      Vacation!
    • 148313
      bemicmom
      professor
      6 3 4
      10 9 2
      Posted by bemicmom on April 16, 2012
      [reply] 3 0
      Bought a gift for myself..and put some in savings
    • 148319
      sandyshore
      professor
      2 1
      12 8 1
      Posted by sandyshore on April 16, 2012
      [reply] 2 0
      I won't see a refund this year, in fact I'm paying money. I received a small inheritance last year, personally I would trade that money and more -- for more time! Sad
    • 148327
      clover
      professor
      1 6 7
      12 11 2
      Posted by clover on April 16, 2012 [reply] 0 0
      Yan.....have you done your taxes yet? Sad
        148339
      • HouTex
        admin
        Posted by HouTex on April 16, 2012 [reply] 0 0
        How about you, clover? Are you done yet? Wink
      • 148414
      • clover
        professor
        1 6 7
        12 11 2
        Posted by clover on April 17, 2012 [reply] 0 0
        My direct deposit goes in tomorrow at 6:30am. TaxAct said they can submit through the 18th. That would be a no I haven't. Cool It's $86 but they will have to wait.
      • 148430
      • clover
        professor
        1 6 7
        12 11 2
        Posted by clover on April 17, 2012
        [reply] 2 0
        Done! Gone! I submitted! Now I can relax. Big Grin
    • 148345
      mooncow728
      professor
      1 1
      12 6 1
      Posted by mooncow728 on April 16, 2012
      [reply] 3 0
      This year we used our refund as a down payment to buy a house. We got an FHA loan so didn't have to put a lot down, convinced the sellers to pay most of our other closing costs, and used the leftover amount to furnish our house.

      Most years we just pay off our credit cards and make a few extra payments on other bills. Then we normally use the rest to buy stuff we want. However now that we are buying our first home we will probably use our refunds to fix up our house every year and pay down the mortgage faster.
        148457
      • mommy25
        professor
        1 4
        8 7 2
        Posted by mommy25 on April 18, 2012
        [reply] 2 0
        Congratulations on your new home!!! Big Grin
      • 148551
      • mooncow728
        professor
        1 1
        12 6 1
        Posted by mooncow728 on April 18, 2012
        [reply] 1 0
        Thanks!
    • 148370
      roxytang
      professor
      2
      10 7 2
      Posted by roxytang on April 17, 2012
      [reply] 3 0
      I put 1/3 in my IRA, 1/3 for bills, and used 1/3 for a little fun. Smile
    • 148378
      pravallika
      master
      2 2
      8 4 1
      Posted by pravallika on April 17, 2012
      [reply] 2 0
      I put into Savings
    • 148379
      laaya
      professor
      1 1 2
      11 8 2
      Posted by laaya on April 17, 2012
      [reply] 7 0
      All of my Buxr money goes to Redcross but not my taxes refund. This time, I'm going to spend my refund to fix my grannies Car and to buy a nice gift to my granny where she can use for her rest of the life without any problems with that
    • 148380
      siggy38
      deity
      2 11 9
      12 9 2
      Posted by siggy38 on April 17, 2012
      [reply] 3 0
      Beach Vacation! Cool
        148456
      • mommy25
        professor
        1 4
        8 7 2
        Posted by mommy25 on April 18, 2012
        [reply] 1 0
        That would have been my choice. Big Grin
    • 148421
      psplove
      professor
      3 1 6
      11 9 2
      Posted by psplove on April 17, 2012
      [reply] 1 0
      I am not getting a refund this year also. If I do, I would like to Paid off my credit card bills and get a better computer. Very slow with the old one. Amused Amused
    • 148427
      ldemello
      learner
      Posted by ldemello on April 17, 2012
      [reply] 1 0
      i'll be using my refund to pay for my daughter's summer school class.
    • 148433
      anand
      professor
      3 9
      10 9 2
      Posted by anand on April 17, 2012
      [reply] 2 0
      I am getting a refund this year also, but going back into my wife's college fees Wink Mad
    • 148455
      mommy25
      professor
      1 4
      8 7 2
      Posted by mommy25 on April 18, 2012
      [reply] 3 0
      No refund for me!! Sad
        148632
      • clover
        professor
        1 6 7
        12 11 2
        Posted by clover on April 19, 2012
        [reply] 2 0
        I know how you feel! Sad
    • 148545
      Destiny
      teacher
      5 4
      Posted by Destiny on April 18, 2012
      [reply] 1 0
      Hi,

      I want to spend my Tax Refund in different ways.
      First I want to Help Poor People
      Second I want to improve my home
      Then Pay off debt and put into savings.

      But My Priority is to help poor people.

      Thanks You.
    • 148607
      mike13
      teacher
      7 1 1
      Posted by mike13 on April 19, 2012
      [reply] 1 0
      Definitely buy some gifts for the loved ones!
    • 148674
      ramadass
      apprentice
      7 2 1
      Posted by ramadass on April 19, 2012
      [reply] 2 0
      hhhhhhhhhhhhhhhhhhh!!!
      I received my tax return did n't even look and put it on my yearly house tax .I lived in missouri city and the tax is to high. Last year i had a baby with c-section, my mortgate is $1700 i couldn't afford with 2 kids. I was staying home mom and take care of myself and kids. You know what we all bless God is always help us out when we don't know the way.
      so everyone help others if u have u will get it back double from somewhere.
    • 148701
      onkarkulkarni
      professor
      9 4 4
      11 8 2
      Posted by onkarkulkarni on April 20, 2012
      [reply] 1 0
      I will be using the refund to pay off my long pending car loan and the rest is going into savings.
    • 148706
      CouponNut
      deity
      23 14 8
      12 10 2
      Posted by CouponNut on April 20, 2012
      [reply] 2 0
      Enjoying time off is as good as a refund since I'm a tax consultant.
        148742
      • clover
        professor
        1 6 7
        12 11 2
        Posted by clover on April 20, 2012 [reply] 0 0
        Where have you been?
    • 148956
      YanBz
      admin
      Posted by YanBz on April 23, 2012 [reply] 0 0
      It is the last day to enter the giveaway. Take the poll if you have not already done so!
    • 148975
      sueskabuxr
      learner
      1
      Posted by sueskabuxr on April 23, 2012 [reply] 0 0
      This is too sad Sad refund was applied toward next years taxes
        148988
      • clover
        professor
        1 6 7
        12 11 2
        Posted by clover on April 23, 2012 [reply] 0 0
        Sorry!
    • 148985
      DebsFreebies
      professor
      2
      10 5 1
      Posted by DebsFreebies on April 23, 2012 [reply] 0 0
      I won't get a refund Sad But in years past when I did, I'd catch up on bills.
        148989
      • clover
        professor
        1 6 7
        12 11 2
        Posted by clover on April 23, 2012 [reply] 0 0
        Sorry! I didn't get one either.
    • 148995
      YanBz
      admin
      Posted by YanBz on April 24, 2012
      [reply] 2 0
      I just ran the random number generator at random.org and the winner is gabyperu who was #11 to take the poll.

      It looks like you guys are quite a frugal bunch. Smile Paying off debt and saving the money came out as the two most popular poll answers.

      Congratulations and thanks to everyone who participated!
        148997
      • onkarkulkarni
        professor
        9 4 4
        11 8 2
        Posted by onkarkulkarni on April 24, 2012
        [reply] 2 0
        Congrats Gabyperu! Lucky one Smile
    • 148998
      bemicmom
      professor
      6 3 4
      10 9 2
      Posted by bemicmom on April 24, 2012
      [reply] 2 0
      Congrats gabyperu!
    • 149028
      pravallika
      master
      2 2
      8 4 1
      Posted by pravallika on April 24, 2012
      [reply] 2 0
      Congrats Gabyperu!!!!
    • 149029
      Destiny
      teacher
      5 4
      Posted by Destiny on April 24, 2012
      [reply] 2 0
      Hearty Congratulations!!! Gabyperu!!! Enjoy!!! Smile
    • 149050
      clover
      professor
      1 6 7
      12 11 2
      Posted by clover on April 24, 2012 [reply] 0 0
      Gabyperu....You can stay home all day and party! Whoo-hoo!!!! Congrats! Well deserved!

      http://www.youtube.com/watch?v=FNQLJJbbc5w
    • 149515
      laaya
      professor
      1 1 2
      11 8 2
      Posted by laaya on April 30, 2012
      [reply] 1 0
      Congrats! Gabyperu Mr Green

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