A lot of people think of their tax refund as “found money,” however it’s important to remember that the funds received are actually yours. A tax refund is simply your own money being returned to you. If you try to change your thinking around your tax refund so that it’s actually money you already had in the bank, it is more likely that you will spend it wisely.
We all save to buy the things we need the most, and a tax refund can be thought of as savings. According to TurboTax.com’s article “10 Smart Ways to Spend Your Tax Refund,” most Canadians choose to spend their tax refund prudently. Thirty-six percent of Canadians use their tax refund to pay down debt, 32% intend to keep the money in savings for large purchases, 16% will invest some of their refund and spend the rest, and the final 16% will spend it. Some suggestions TurboTax.com has for using your tax refund include learning a new skill or taking a professional development course, paying down a high-interest debt, starting an emergency fund, making home improvements, donating to a charitable cause, and investing. Finally, they say you should purchase something you want or something you need.
We think of our weighted blankets at Hippo Hug as something you may both want AND need. As we are a Made in Canada company we are committed to only using the highest-quality fabrics, and handcraft our blankets using the utmost level of care and attention. Our proprietary weighting system employs specially designed disks to provide a lower profile for your blanket and we make each one so they will last a very long time if cared for properly.
Using your tax refund for a weighted blanket in an investment in you and your future. Our weighted blankets are created to help you get proper rest, reduce anxiety, and provide a consistent comforting presence when life gets overwhelming. We understand that the up-front cost of a weighted blanket may seem prohibitive, which is why they should be thought of as a long-term asset that will provide benefits for years, such as purchasing a really good mattress or an excellent easy chair.
Sizing Your Blanket
Since the beginning of February 2019 the Government of Canada reports they have already received more than 2 million tax returns from citizens. Of those, approximately 61% received a refund. The average amount of the refund was $1,747.
We find most adults prefer their blankets to be weighted towards the high end of 15% and to cover most of their body. According to StatCan.gc.ca, the average Canadian is male is approximately five feet eight inches tall and weighs 180 pounds, and the average Canadian woman five feet four inches tall and weighs 150 pounds. To understand how feasible it actually is to use your tax refund for a weighted blanket, using those numbers we can estimate that a blanket sized 40×60 inches and weighing 24 pounds should be suitable for most. The cost for this size of blanket is $325.
Caring for Your Blanket
In order to make your weighted blanket last as long as it possibly can we recommend treating it with care. They are fully washable, however, as each weight is sewn directly into the blanket they are not removable. This means that frequent washing can cause wear and tear. Like your favourite pair of expensive jeans, frequent washing can mean a shorter life. Spot cleaning is best, and you also have the option to use your blanket over top of another blanket or sheet in order to keep it as clean as possible. When you purchase your blanket we will provide care instructions to increase its longevity.
Purchasing a Weighted Blanket Using Benefits
Many don’t realize that it is possible to purchase your blanket using medical or accident benefits or through a third party. We have had success helping numerous people obtain a blanket using various methods. Speak to your doctor about the benefits of a weighted blanket, and if possible, obtain a note detailing how it may help you. Then, come talk to us and we will do everything we can to assist you in getting your blanket. As a proudly Canadian weighted blanket company Hippo Hug goes above and beyond to give you great customer service.
Get to Know Hippo Hug
Hippo Hug is a Calgary-based company founded by Leslie Brooks, formerly a trained therapist specializing in working with children with autism who used her sewing skills to create Hippo Hug’s first product – a custom sleep sack for autistic children offering deep pressure during sleep. From there, the idea of a weighted products company germinated, and Brooks created her first weighted blankets in 2011. Since then, due to an exceptional reception from the media, the company has grown exponentially and now boasts ten employees and a permanent storefront near Chinook Centre.