Save vs splurge: What we really do with tax refunds

When it comes to tax refunds, many Americans say they plan to do something virtuous with the money they get back from Uncle Sam, like pay down debt or put it in the rainy day fund.

We're not completely fooling ourselves: Experts say people who plan to save their refund or use it to pay off bills do that—with at least part of the money.

Save vs splurge: What we really do with tax refunds