To stretch your tax refund is a way that we can pay necessary bills while also making some family memories.
We’ve always been a very frugal family. I was raised on a dairy farm, where money was short, but life was good. I learned many valuable lessons in frugality from my Mom. Once I married, we became a single income family. As we added more children to our family, it became more important than ever to be frugal and pinch pennies.

We have some bills that are always paid with our tax refund. There is generally a little leftover and that’s what we use for our family memory splurges. Living a very frugal life can sometimes make one feel that he is missing out on the extras. One way that we combat that feeling is a once a year splurge. At tax refund time, we set aside a small amount for a few nice extras that are typically not affordable for the rest of the year.
We pay the major bills first, of course, and then decide how much we have for our family memory splurge account.
The items that we pay help all year long, so it’s a great feeling knowing that those bills are paid in full.
Here are our top 15 uses to stretch your tax refund:
- Property insurance- since we have a small farm, this is a pretty big number.
- Property taxes
- Restock pantry
- Restock freezer- meats, cheeses, butter, nuts, etc
- Replace glasses/contacts
- Vehicle repairs- any issues that have not been addressed throughout the year
- Pay ahead on utility bills- I realize this may not be the best use of the money, but it is a comfort having credit with the electric company!
- Replace appliances or large items- washer, dryer, tv, etc
- Medical checkups- dental visits, optometrist, etc
- Gym membership for the year- OBVIOUSLY if you won’t go to the gym, don’t spend this money. My husband is a faithful workout guy and goes three times per week. This is his only real hobby. Money well spent- no monthly fee and we save by paying a year at a time.
- Buy gift cards for gifts- they are easier to mail than gifts. Choose stores that your recipient enjoys. Or, buy Amazon gift cards and use them to purchase and send gifts directly to your recipient.
- Buy gift cards for date nights- it’s so much easier to plan a date night when the meal is already paid for!
- Add to your IRA- admittedly, we don’t do this as often as we should, but it’s an important one.
- Add to your savings account
- Family memory splurges!
For our family memory splurges, we don’t have a set amount that we spend, but it generally works out to be $50-100 per person. It’s fun to decide which items on our splurge list we get to buy!
For these splurges, we have only one rule:
It has to be a memory-maker OR has to have a lasting use
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I think that we have chosen some great items this year! We have both memories and lasting use items for our children.


Rebecca is almost 24. For her birthday, she requested a family trip to the Huntsville Botanical Gardens. That’s what we’ll do. I look forward to the memories we will create on this day trip!

Thomas is 21 and has a truck of his own now. It is need of some new parts, so that’s where we’ve chosen to splurge for him. These parts will make his daily work commute safer and more enjoyable. A double win for this Mama!

Natalie will be 18 later this year. She is making plans to move out on her own. She will need some household items for this move. We are planning to splurge on a few home necessities for her. A shopping trip will be coming soon. We’ll be looking over this list of quality kitchen tools to see which items are most important in setting up her first kitchen.


Mary is 14 and is taking art and sewing classes and will begin dual enrollment college classes later this year. She is the only member of the family currently without a cell phone. Since she’ll be away from home, it’s time to get her this item.
What will you do to create some fun family memories? I’d love to hear what you have planned!
This shop has been compensated by Collective Bias, Inc. and its advertiser, Walmart Family Mobile. All opinions are mine alone. #YourTaxCash #CollectiveBias
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Love the idea of the family memory splurges. I think they are more appreciated when you have to really think about it and pick something. Your children had some great ways to spend their portion! #client
It is such fun! And, yes, I thought their splurges were great choices! 🙂