A recent survey shows that 54 percent of Americans plan to use their tax refund to pay off bills, up from 35 percent last year. Only 5 percent planned to go on a shopping spree.
Many people have traditionally treated their tax refund as free money to do something fun with, but this year it seems that has changed. With the lousy economy and people worried about losing their jobs, everyone wants to get themselves in better financial shape to weather the storm.
How about you? If you are getting a refund, are you being sensible with it or are you treating yourself?