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'How I'm using my tax refund'

From paying off student loans to hosting a crawfish boil in New Orleans, here's how six people are using this year's tax refund from the IRS.

Hosting a crawfish boil

tax refunds eric knoepfler
  • Name: Eric Knoepfler
  • City: New Orleans, La.

Like a proper New Orleans' resident, 22-year-old Eric Knoepfler plans to put the roughly $200 he's expecting to get back from the IRS toward hosting a crawfish boil for all of his friends.

A local tradition, a crawfish boil entails cooking crawfish along with corn, potatoes and spicy sausage in a massive pot. Knoepfler expects he can buy a special pot, outdoor burner and 50 pounds of live crawfish with his refund cash.

"I've never owned my own pot. It's always been a family thing," he said. "I'm getting to the age where I want to start hosting my own."

  @melhicken - Last updated April 14 2014 03:24 PM ET

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