Money tileAs refund checks arrive, many of us our making plans for the "extra" money. Just about half of us expect to receive a refund, according to a Bankrate survey, and for those of us who actually receive a chunk of change this tax season, some of us will be responsible, and others will blow the money and party like it's 1999.
What are you going to spend your refund on? CNN reports indicate that in 2011, around 42% of Americans used at least some of their refunds to pay down debt, and another 42% placed part of their refund into savings. Some taxpayers - around 30% - used portions of their refunds for everyday expenses, and some used their money for vacations, major purchases, and other expenses.
"Other expenses" is a broad category, as is the category: "major purchases." To gain a little more insight on what exact types of purchases fall into these categories, we scoured social media sites and other resources to see how Americans spent their tax refunds over past years.