What are you spending your tax refund on?

Summary

As many of you begin receiving your tax refunds, the big question is to spend or to save? Or maybe even, what to spend it on?

Story Published: Mar 2, 2010 at 9:45 PM MDT

Story Updated: Mar 2, 2010 at 9:45 PM MDT

What are you spending your tax refund on?
IDAHO FALLS - As soon as people start to receive their tax refunds polls show it will be spent right away, but what are people spending it on?

"Trying to get ourself our of debt with paying bills," says Stephanie Francis, mother of three.

"I imagine they're probably paying of bills," says Gerald Nelson, who is expecting his first child this year.

"Going to pay bills, put some in savings," says Leisa Moulton, who is looking forward to a refund.

"Paying bills, I always pay bills with it," says Jonee Varela, while buying groceries.

Bills, bills, and more bills. The refund is a staple check people rely on annually to help pay off debt and even more so in this recession. But how many people actually stick to the plan?

Even with the best of intentions statistics show that the 2009 tax months of March, April, and May showed a retail spike from 12 percent to 20 percent.

But not everyone will be paying bills.

"We're going to apply it to a return trip to Norway, we have family there," says Linda Eggers of Idaho Falls.

"With my tax return this year, I'm buying a car," says Gloria Ramos

"Last year we spent a lot of it getting out of debt. This year we spent a lot of it on ourselves and our kids," says Stephanie Francis, mother of three.

Wind Farms

The wind turbines lining the foothills east of Idaho Falls are getting a lot of attention. What do you think about the wind farms?

  • They're too close to residential areas and they're lowering property values. They're ruining the view. Build them somewhere else!
  • They provide clean energy, and they generate local jobs and tax revenue. They're the wave of the future. Welcome to town!
  • Not sure.