5 Dumbest Ways to Spend Your Tax Refund Money

The IRS claims that the average tax refund for individuals is almost $3,000. For many Americans, that is a windfall amount of money to receive, almost like a raise. While I don’t technically condone any of these ways to spend $3,000, I would love to hear stories if anyone has tried to do this!

 

1. Gambling

Have you ever thought about putting your entire tax refund on red or black. The glass-half-full says your odds of doubling your money is 50% (well, 48% because of those little green squares). Still, you could walk away with $6,000! One thing to consider: this could be the best 30 seconds or most agonizing 30 seconds of your life. Try to do it somewhere fun, maybe Las Vegas?

 

2. Booze

A windfall is the perfect opportunity to party! There is nothing better than going to the best nightclubs in town, getting bottle service, and racking up an out-of-control bar tab! Think The Hangover! If you want to blow it all on one bottle, try these out:

• Barrique de Ponciano Porfido Tequila – $2,000 per bottle
• 1957 Bowmore Scotch – $2,300 per bottle

3. A Pair of Jeans

The Guinness Book of World Records cites Gucci’s “Genius Jeans” as the most expensive pair of jeans in the world. And you thought buying a pair of $150 jeans at Nordstrom was expensive. You could also buy 150 regular pairs of $20 jeans at your local store. Eh…I’d rather be able to say I have the most expensive jeans ever made!

 

4. Dinner for Two at the 10 Most Expensive Restaurants in the World

If you want to savor great flavors from all around the world, you can eat a single meal for two at the ten most expensive restaurants in the world, not including airfare to get there. Here is how it would break down for each of you:

1. Aragawa, Toyko, Japan – $368
2. Alain Ducasse au Plaza Athenee, Paris, France – $231
3. Gordon Ramsay, London, UK – $183
4. Acquarello, Munich, Germany – $125
5. Alberto Ciarla, Rome, Italy – $113
6. Sushi Kaji, Toronto, Canada – $109
7. Quece de Cheval Steak House, Monteal, Canada – $85
8. El Amparo, Madrid, Spain – $70
9. Whampoa Club, Shanghai, China – $63
10. Boeucc, Milan, Italy – $62

Of course, this doesn’t include drinks or a tip. It is only the entree!

 

5. Buy a Fake Ferrari

In the world of motorsports, there is almost nothing as expensive as a Ferrari. So what is a boy to do with his $3,000 tax refund? Buy a Pontiac Fiero, of course, and fix it up to look like a Ferrari! And all this can be done for just a hair over $3,000! Show this bad boy off to your friend!

 

Have you ever blown your tax refund or other windfall on something silly? Was it worth it?