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        Scouted

        Tax Refund: How to Spend Yours in Smart but Fun Ways

        MONEY, MONEY, MONEY

        If you want something a bit more self-serving, here are a couple of other ways to spend that refund.

        Jillian Lucas

        Commerce Director, Scouted

        Published Mar. 09, 2019 8:00AM ET 

        Tax season is in full swing and that means if you’re one of the many of Americans that get a large tax refund, it’s time to plan how you’ll spend it. First off, be smart. There are many things like saving for retirement, investing in stocks, or paying off debt or mortgages that are smart and savvy ways to use this extra cash to make life a bit easier for you. But if you want something a bit more self-serving, here are a couple of other ways to spend that refund. Instant gratification can be a smart use of money, too.

        Upgrade Your Gadgets

        Echo Dot (3rd Gen), $49.99 on Amazon, Kindle Paperwhite, $129.99 on Amazon, Google Home Max, $399 at Best Buy

        New versions of your favorite smart gadgets come out regularly and it’s sometimes hard to justify purchasing a new model just because, well, it’s new. If you have a smart home device, or really any tech accessory, that’s in need of an upgrade, getting one with your tax refund is a great idea. Think the newest Echo, or the new waterproof Kindle, or the all-in-one Google Home Max.

        Add a Kitchen Tool

        Zwilling J.A Henckels Pro 8" Chef Knife, $149.99 at Bed Bath & Beyond, Le Creuset Enameled Cast-Iron 5-1/2-Quart Round French Oven, $349.95 on Amazon, Instant Pot DUO Plus 60, $99.95 on Amazon

        Tools that actually make cooking easier will always have larger price tags. These include chef’s knives, dutch ovens, or pressure cookers. The good thing is that these are tools that will improve your quality of life and when you have some extra funds, they’re something that you’ll continue to use and enjoy years after you spent the money to acquire them.

        Get a Timeless Piece of Clothing or Accessory

        Mackage Baya Leather Jacket, $790 at Shopbop, Acne Studios Musubi Mini Bag, $1,050 at Shopbop, The Bigger Carry-On, $245 at Away, Blundstone BL1308 Boot, $184.95 at Zappos

        Splurging on a piece of clothing or accessory is something that should be reserved for classic, timeless pieces that will follow you for years to come. Leather jackets are great investments, classic handbags are great investments, nice luggage is a great investment, boots with lifetime warranties are great investments. The list goes on.

        Buy That Piece of Furniture

        Wick Coffee Table, $875 at Joybird, Suspend II Media Console, $999 at CB2

        Purchasing a large piece of furniture can seem daunting but it’s worth it in the long run. Along the same lines as buying a classic article of clothing, find something that will stand the test of time. Think deep, sturdy wood or even marble.

        Book a Trip

        Vacations are expensive, in both time and money, but if you’re ready to get away, using your tax refund to head out on a trip is worth it. Do your research and find the best deals on hotels and flights, make plans in advance, and then just go have a bit of fun.

        Scouted is internet shopping with a pulse. Follow us on Twitter and sign up for our newsletter for even more recommendations and exclusive content. Please note that if you buy something featured in one of our posts, The Daily Beast may collect a share of sales.

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