For those of us lucky to be getting a refund back, what to spend it on? For me, it'll go towards my "One Day We'll Get A Hot Tub Fund," but what are the most common ways people spend their refunds?


According to, the #1 answer given in a survey which included the following answers as options:

  • Pay off debt (loans, credit cards, etc.)
  • Splurge on a purchase (TV, shoes, etc.)
  • Put the money toward a vacation
  • Put the money in savings
  • Make a major purchase (car, home, etc.)
  • I do not receive a tax refund
  • None of the above

....the most common answer was "None of the above." Which has to be code for "One Day We'll Get A Hot Tub Fund," which makes me feel less alone. Putting it into a savings account is the next most common use for a tax refund, followed by paying off debt, then taking a vacations, followed by splurging on something big.

According to, the "average income tax refund in 2017 was $2,860."

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