Tax Refund – Spend on iPad or IRA?

The April 2010 issue of Campus Talk Magazine contains two pie charts illustrating the difference between how Americans SAY they will use their tax refunds and how they actually use it. In the graphic, 57 percent say they will invest or save their money, 21 percent will use it to pay down debt, 12 percent will use it on home or car repairs and 10 percent will give it to charity.

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Penny Ray

Penny Ray is President and COO of He also writes freelance for multiple online and print publications on the topic of personal finance. In 2010 he was selected as a DealPro.

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