For most of us, the tax rebate was a pleasant surprise that we didn’t quite believe we would get until it showed up in our bank account or mailbox. What do you do with a little extra money that you didn’t know you were going to get? Duh - put it towards paying off high interest debts or stick it in a savings account. Of course, most people will use it for what it was intended for – buying junk or trinkets that bring short-term, transient happiness and *appear* to put the economy back on track. So for those who aren’t going to be sensible with their rebate, here are 6 of the best ways to waste it…

  • 1. Have the kind of night out you’ve always dreamed of. Rent a limo, buy drinks for everyone in the bar, tip the DJ generously to get your favorite song played, or do whatever you would do if you were a high roller out on the town. Live the good life for one night – and then prepare yourself for one heck of a hangover!
  • 2. Go to the mall and spend, spend, spend. This can be especially appealing if you’re usually pretty careful with how you spend your money. After all, people on a strict budget don’t generally wander around the mall spending with reckless abandon. You’re supposed to be stimulating the economy, right?
  • 3. ‘Woo’ him or her with material gifts. Why write a poem or go for a walk at sunset when you can just buy someone’s affection instead? Jewelry, Candlelit dinners at a fancy restaurant or enough red roses to fill a room. Your tax rebate might be just enough to purchase love for a single night! On the other hand, all your future candlelit dinners will probably be at McDonalds – and there’s nothing particularly romantic about a Big Mac – take my word for it.
  • 4. Buy something you’ve always wanted, but couldn’t justify. Maybe you have always wanted to buy a mint-condition toy that your parents never bought you as a child, or maybe you want to buy a dog that comes with fancy documentation and a snooty name. You may never have been able to justify this purchase to yourself before, and guess what? You won’t now! But if you’re looking to waste your tax rebate check then why not?
  • 5. Start a scholarship fund in your name. If you want to get your ego stroked while wasting your rebate, why not offer out a one-time scholarship in your name. Make it for whatever you want: veterans returning to college, photography majors, people who can prove a bloodline that includes Winston Churchill, or anything else that strikes your fancy. You could even institute an essay contest to see who gets the money. Heck, if you’re going to throw your money away, you might as well do it with style, right?
  • 6. Pamper yourself. Book a day at a spa and get the full treatment: mani/pedi, massage, mud wrap, various cleansing procedures, and whatever else your tax rebate check will buy. Even though this will only give you a couple hours worth of relaxation, it can be a great experience that you’ll probably enjoy quite a bit. Either that, or you’ll find the experience kind of boring and be out a few hundred dollars for your trouble.

You’re not really wasting your tax rebate if you have some short-term fun with it, right? Just because you could be spending the money on sensible things, it doesn’t mean you should feel bad about indulging yourself now. Why think about tomorrow when you can live the high life today?