Today is the last day to file your taxes this year. Nearly eight in 10 people who do so receive federal refunds each year. The average amount of money law abiding citizens and residents get back is $3,120, according to the Internal Revenue Service. The exact number depends on every state and won’t be known until all refunds have been issued.
The good news is that amount will be enough to cross one adventure off your bucket list. Many thrill-seekers are willing to spend up to $12,888 on it on average, new research has revealed. But with the cost of completing the “top 10 bucket list activities” is coming in at a whopping $23,866, at an average cost per activity of $2,387.
Most people will be tempted to save the money for rainy days. But don’t you think you deserve to live a little after working so hard all year? You can travel to an affordable adventure destination or go somewhere and splurge. Either way, packing your bags and going away for a week will be one of best ideas you’ll have all year.
Research shows that most people will put the money in savings – more than 40 percent. The next most popular use of tax refunds is paying off debt such as student loans and credit cards. Paying for a vacation is ranked third, right before spending it on an expensive item such a TV or nice shoes.