There are two things you can guarantee in life: death and taxes. KHON 2 News asked me to share my ideas on how to use your tax return this year. According to online sources, the average return is $2700. Your financial advisor will likely tell you to save it and create a rainy day fund.
If you don't need to save it and have some wiggle room. Here are three ideas to focus on when trying to decide how to use your return. Key thing is to treat it like a paycheck that was owed to you. It's not extra money. It's your hard earned cash, so use it wisely and highlight these concepts: Spend, Invest, and Give.
Spend
-Buy the things you absolutely need, such as new tires for your car or repairs to your home. Taking care of your responsibilities will help to avoid potential issues in the future.
Invest
-Invest in yourself, especially your health! Use your return to purchase better food, a gym membership, new running shoes, or even doctor and dental appointments. Poor periodontal health can contribute to heart disease. You have nothing if you don't have your health!
Give
-Donate to your favorite local charity can be rewarding and satisfying. Plus, you can use the donation as another tax write off. WooHoo!
-You can also give yourself a break. Take the return and plan a weekend stay-cation for yourself and/or with the family. Re-discover the city, try new restaurants, or visit a hotel spa and unwind.
I encourage you to do all three ideas if you have a large enough return. Enjoy the photos I took in-studio with the news team!
Left: Ron Mizutani, Anchor
Left: Kanoe Gibson-Nitta, Weather Anchor
Right: Olena Heu, Anchor
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