Seven smarter things to do with your tax refund than splurge

Most years, more than three out of four Americans who file a tax return get some money back. Last year, the average refund was $2,800. If you’re in line for a refund, I know you’re already thinking about all the things you can do with that money! And in many cases, you’ve already spent it in your head many times over.

Families are reining in prom spending

Visa reported in a survey this week that the average American household will spend $978 on the annual high school rite of passage for tickets, dinner, attire, flowers, limousine rental and other items. That’s down 14 percent from the $1,139 that families spent on average in 2013.

Southwest Airlines is widening its seats

Travelers used to overcoziness in coach will get some of the widest seats on U.S. single-aisle planes – 17.8 inches (45.2 centimeters) instead of 17.2 inches now. Slimmer frames create additional sitting space in each row, chief operating officer Mike Van de Ven said.