While most people dread tax time, knowing that they’re going to have to shell out some money to the government, others can’t wait for it because it means they’ll be getting a nice refund check in the mail (or in their direct deposit these days).

According to a new Bankrate.com survey, 49% of folks say they expect a refund, which is down from 51% last year, while 3% have already received their refund checks. Of those polled, 24% said they’ll have to pay this year, while 15% don’t expect to pay or get a refund.

So, what are all these lucky folks doing with the money they get back? Well, it appears most people are being sensible with the dough. In fact, 31% of folks plan to save or invest their refund, while another 28% will use it to pay down their debts. Meanwhile, another 27% will use it on necessities, with only 6% of folks admitting they’ll use it for some sort of splurge, although that number is double the amount willing to splurge last year.

Source: Bankrate.com