Playing conservative with refunds

Americans are in a mood to pay down their debt, a survey shows. Most who expect to receive tax refunds plan to use the money to pay off bills, and the trend is particularly strong among those making $50,000 a year or less.

Experts have long decried virtually nonexistent savings rates. However, now that Americans are paying down debt and saving more money, the experts say the dollars actually would do the most good if they were spent to get the economy going again.

If you’re getting a refund, what do you plan to do with it? If you’re not, do you count yourself in the crowd putting its financial house in order?