As a lot of us are expecting tax refunds, it's a sometimes a challenge to know what to spend it on. To party or not to party with that extra cash is the question. Approximately thirty percent of the Americans that received a refund used their extra money for everyday expenses, vacations, major purchases or "other expenses." These other expenses can be found as the three worst ways to spend your tax refund. Booze and gambling is a common expenditure as it is an easy way to try and turn your refund into a larger sum, and then spend a fruitful night at the bar. The second most common refund expenditure are the shopping sprees. Whether it be buying new tech device or the clothing items you've always wanted, shopping sprees are the path of least resistance for a lot of American's refund cash flows. Lastly, large and frivolous purchases can be an easy way to spend your refunds. These include cars, or even plastic surgery procedures. There are many ways to spend your refund, and it's a subjective choice so spend it wisely.

 

Original Article USA TODAY

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