The average tax refund is around $3,000; that’s a nice chunk of change! However, it’s a dilemma every year for many folks. Should you invest it? Should you enjoy it?

While there are several good ideas on how to put that money to use, let’s look at several things that it’s best to avoid:

2. Ignore the possibility of paying down your debt.

While you might not be able to guarantee that you’ll make 10% on the money you invest, you can guarantee that you’ll makes 15% on any money you use to pay off debt that has a 15% interest rate. And that 15% is both tax-free and 100% risk free. 

Pay your debts.