SURVEY RESULTS: The Best Place To Spend your Tax Refund
Are you among the lucky ones expecting a tax refund this year? With the average refund projected to be nearly $3,000, we wanted to know how – and where — you’d spend that kind of mad money if you could.*
Seems you are a practical bunch who would opt to buy a full spring wardrobe (83%) rather than blow it on one crazy, high-ticket item (17%).
There was less agreement about where you would shop for that wardrobe, if you had to do it all in one store. Nordstrom came in first at 19%, with Bloomingdales in second place at 7%. There was a near-tie for third place between Anthropologie (5.5%) and J.Crew (5%). Other top ten stores were Macy’s, Saks and Neiman Marcus.
Not surprising, when asked which department would be your first choice for spending your entire tax refund, 65% of you chose clothing; shoes and bags came in a distant second and third (at 16% and 15%).
As far as the spring trends that would most get your green, the top three responses all revolved around color — with Pastel (20%), Orange or Tangerine (17%) and Neon pieces (11%) topping the list. You were less enamored by printed pants, pleated skirts, and peplum (under 5% each).
And, while we may or may not be “feeling the love” for our tax accountants right now, we do love our favorite “CPA” brands! Your top choices for splurging with that refund were Chanel (16%), Prada (30%) and Anthropologie (24%).
No matter what your faves, the best way to fiscally responsible with your 2012 budget is to keep your Shop It To Me profile up to date. That way, you’ll always get the best prices on the brands you love.
*Methodology: Results are based on 480+ respondents from a survey fielded by Shop It To Me the week of April 2-6, 2012.
Other related posts:
Tax-Day Giveaway: Nominate a stylish accountant to win a designer bag!
Survey Results: What’s most “taxing” in your daily routine?
Time-saving tips: 5 busy accountants weigh in on how they make it through crunch-time