4 simple and smart ways to use your tax refund this year

(BPT) - A tax refund is a welcome influx of cash that folks sometimes use for fun purchases or indulgences. However, this year, research shows that consumers feel more economic pressure and are using their tax refund for more practical purchases that reduce stress, improve daily life and provide predictable monthly costs.

According to a survey commissioned by Metro by T-Mobile, 70% of adults say they follow a budget, but most say expenses are harder to manage this year. Given this finding, it should come as no surprise that 59% of adults plan to use their tax refund to pay off debt or cover essentials like rent, utilities or transportation costs.