How I'll spend my tax refund

The majority of Americans are getting money back from Uncle Sam this year. Here's what some people are doing with their refunds.

1 of 6
BACKNEXT
Paying off debt, renovating, splurging on an Xbox
Paying off debt, renovating, splurging on an Xbox
Karen Montgomery
Refund: $10,500
Occupation: Graphic designer
Current city: Charlotte, N.C.

I was so sick of being pestered by my credit card company that once I got my refund, I spent $2,000 of it right away to completely pay off my card. Now I'm finally done with those guys!

I've spent about $500 moving into a home I bought in February with the new homebuyer credit, and I've already put another $1,000 toward fixing up the place. Since it was a foreclosure, I've had to start from scratch with the painting, cleaning and plumbing, which all really add up.

Once I'm finished with repairs, I'll have about $2,000 to $3,000 left over, which I'll probably spend on a trip to Dallas to visit my family. Or maybe I'll splurge on an Xbox 360 -- just for "Rock Band," of course.


NEXT: Buying a TV, jetting off to Vegas
Last updated April 13 2010: 9:37 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
12 biggest tax scams to avoid There's no end to the creative ways scammers will try to steal your identity and your money. And tax time is one of their favorite times of the year. Here's how to spot a top scam and protect yourself. More
Public colleges with the best bang for your buck Graduates with bachelor's degrees from these state schools see the biggest return on their college investment, according to a report from PayScale. More
Cool cars from the 2015 Geneva Motor Show These are some of the stand-out cars and trucks on display at the 2015 Geneva Motor Show. More

Special Offer