Terrible Ways to Spend Your Tax Return 2021

Terrible Ways to Spend Your Tax Return 2021

If you’ve found yourself thinking “How should I spent my 2021 tax return?” then you’ve come to the right place. Whatever you estimate your 2021 tax return to be, this is definitely not money you should just throw away! It’s especially important to avoid short-lived indulgences.

Self-indulgent purchases might feel great in the short term but in the long term, they only hurt your bank account.

If your 2020 tax return and stimulus checks drained out of your account faster than you wanted them to, it might be time to buckle down with your 2021 tax return.


Below we have assembled a list of five terrible ways to spend your tax return this year.


5. Travel

Booking flights and buying gift cards on CheapOAir has never been easier.

It might be tempting to book a flight and go somewhere fun or exciting after so long cooped up, but resist the urge!


No matter how cheap plane tickets might be, jet setting to some exotic vacation destination isn’t a great idea.

Though CheapOAir offers gift cards that never expire, it’s better not to buy them.

Many airlines currently have programs in place that offer incentives to fly, such as waiving the usual fees for changing or canceling your flight.

While such things might be enticing, the cost of plane tickets alone can easily eat up your entire tax return. That’s not to mention the other costs of travel such as rental cars, hotel rooms, and souvenirs.

Although CheapOAir offers great package deals (not including the souvenirs) it’s definitely cheaper and easier to just avoid traveling if you don’t have to.


Paying off credit cards or beefing up your emergency fund are much better investments for your tax refunds.

Traveling might be a great experience, but your federal tax return offers you a great opportunity to make some sound financial decisions.


4. Instacart

Instant gratification may be easy on Instacart but that doesn’t mean you should indulge!

All the convenience of having food so accessible can sometimes lead people to buy on impulse. Since you don’t even have to change out of your pajamas to go pick this food up in the store, it can make impulse purchases tempting.




Instacart offers groceries from more stores than ever which makes the variety incredibly appealing. Also, if you’re looking for one specialty item in a huge supermarket you don’t have to hunt it down yourself, wasting precious time.

By no means are we saying that you shouldn’t ever use Instacart, but moderation is key. Sticking to your grocery budget will be worth it in the long run.



3. Smile Direct Club

Everyone wants a better smile, and with the convenience of not even needing to be on time for a dentist appointment, Smile Direct Club is a great way to improve your grin.

However, straightening a crooked smile is a cosmetic issue, which is usually unrelated to dental health.

You have to remember that you didn’t spend all that time last year worrying about tax liability, tax deductions, earned income tax credit, and tax filing just to throw your money away now!


SmileDirectClub Logo


Instead of focusing on cosmetic improvements, look at high yield savings accounts. It’s never too early to plan for the future. Use your personal tax return to beef up your retirement savings instead.



2. Keeps

Keeps is one of the best male hair-loss solutions out there, so it’s easy to understand why it would be a tempting splurge when your tax return drops in your account.

Keeps is an FDA-approved doctor-supported treatment that is clinically proven to stop hair loss. It’s delivered discreetly to your door so once you sign up it’s all but effortless to keep up with your treatment plan.

Starting as low as $10/month, Keeps offers the same great products as a regular pharmacy at a fraction of the cost.


Your first visit to the physician who will review your consultation responses is free and you get unlimited messaging for one year. You’ll be recommended a treatment plan tailored to your specific needs.

Nic Cage


1 Apple Watch Series 6

Let’s be honest, everyone wants the Apple Watch Series 6.

This watch is so revolutionary that it actually lets you measure your blood oxygen level and take an ECG from your wrist! Other great features include fitness metrics, bedtime routine, and sleep tracking.

Additionally, the Always-On Retina display is now 2.5x brighter outdoors when your wrist is down!

The Series 6 also includes all the features that you would expect such as call and text availability from the GPS model.

Series 6

The Series 6 can help you track workouts like running, walking, cycling, yoga, swimming, and dance. It has a swimproof design and is compatible with Apple Pay so you don’t have to cart your wallet with you in order to make a purchase.

It’s loaded with great features like high and low heart rate notifications as well as irregular heart rhythm notifications. This can be a great comfort to users who are concerned about their cardiac health (although it, of course, goes without saying that anyone with heart health concerns should consult their doctors).

This watch is so advanced it can even detect if you’ve taken a hard fall, then automatically call emergency services for you!

For more adventurous explorers, the Series 6 offers a built-in compass and real-time elevation readings.

apple watch



We hope you enjoyed our list of five terrible ways to spend your 2021 tax return!

Whatever tax brackets you fall into, whatever your taxable income is, when you file a tax return this tax season it’s important to consider what the best plan is for the money you get back.

Your estimated taxes will obviously fluctuate based on tax laws, when you qualify for an additional child tax credit, and tax rates among other things.

As all of these things can change, even during the most stable year, it’s best never to count on your tax return to pay for the necessities. Instead, saving and investing are more sound financial choices to make.

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