Getting money back on your taxes this year? A survey finds most Ohioans will use that money to pay off their debts.
"It's a smart decision if you have some extra money or unexpected money coming from a tax refund," said Patrick Harris, with the Ohio Credit Union League.
The organization surveyed more than 1,100 Ohioans and found another 41 percent plan on putting the money into savings. It's a trend Harris says we're seeing more of, likely in response to the recession.
"Just by looking at deposits and more people putting money into CDs, people are trying to save more money," he said.
Harris says it's a good idea to have a "rainy day fund" available in case you have unexpected expenses come up or lose your job.
The survey also found nearly 7 percent plan on making a large purchase while 1.2 percent will use it to start a new business.