As we are approaching the completion of the 2020/2021 financial year, one thing that many of us are arguably looking forward to is tax return. Following recent trends and the uprising of cryptocurrencies and the stock market, this is the perfect opportunity for us to invest our extra earnings on ourselves. But this also gives us the opportunity to choose quality over quantity with all the end of financial year sales that go around.
With the yearly tax refund, it’s important that you spend it on yourself. And this can either refer to engaging in the stock market, cryptocurrency, or other forms of investments, or purely spoiling yourself with some physical goods. What do we mean by this?
Investing in yourself
We read an article on ‘why shopping feels so good’ lately by Bryan Borzykowski, which really goes into some eye opening facts about shopping during sale season. As we are on the brink of end of financial year sales, it’s important to know what you should and shouldn’t get yourself into, and how to spend your tax refund wisely. Bryan makes one point which is a clear indicator of the harsh reality, that little red sale tags make shoppers go crazy. But it is often that shoppers are also carried away from the quality of products due to their unbelievably obtainable price tag. As opposed to this style of impulse buying, why not browse on e-market platforms, such asThe Suitcaseto see what really suits your personal style, or to even prepare for the big promotion in the new financial year?
Invest in pieces of quality and craftsmanship, because time over time they prove to be the best products you can purchase for yourself and invest in. Asian brands such as Yeossal, Edward Max, De Piede, Mannergram, andAmauri all stand for that shared value; quality in craftsmanship.
Investing in your money
But what other options are there for utilising your tax refund? Alongside investing in yourself, invest in your money too. Buy your financial freedom, pay off any outstanding transactions, or even create an emergency funding for any unexpected expenses which may come your way.
As mentioned, cryptocurrencies and the stock market are highly in trend now. These can be easily utilised (with education and practice of course) to build your investment portfolio and generate multiple streams of income for yourself.
There are many interesting things you could do to help yourself and your growth at this time with the annual tax refund. Use this end of financial year period to truly invest in what matters the most to you.