7 Powerful Moves to Make With Your Tax Refund

Last updated Aug. 25, 2022 | By FinanceBuzz Editors
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Finally getting your tax refund in the mail is exhilarating. You've worked hard all year, and now you're finally getting some of your hard-earned money back.

While there are plenty of ways you can spend your tax refund, if you aren’t careful, you could end up blowing it on things you don't need. The result? You end up even further from your financial goals.

Instead of letting your refund go to waste, you can make powerful moves with your money today, helping you build financial security and independence for years to come. 

Get $10 to start investing in Amazon, Tesla, and other companies

Stock shares in companies you may trust, such as Amazon or other companies can be very expensive for beginning investors to buy.

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As a bonus, Stash will give you $10 to invest after you deposit $5 or more into your personal portfolio. 2

Want even more tools and guidance? If you choose the Stash+ plan 3 when signing up, you can earn 2x stock rewards when you spend on eligible purchases! 4

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Save the $250 you'll probably pay in bank fees this year

Bank fees are annoying, so stop paying them. There are no monthly fees with the Chime® mobile app, no minimum balance fees, and they even offer fee-free overdraft — up to $200. 5 6 7

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Diversify your retirement portfolio with gold and silver

Stock market volatility can be financially damaging for investors, especially as you near retirement. You could move your investments into a savings account, but have you seen interest rates lately? Another option to consider — diversify with gold.

Gold values are inversely correlated with the stock market and the dollar. When one goes down, the other usually goes up. If you want to protect your retirement funds, having diversified investments can help you weather market swings.

Gold Alliance is a reputable precious metals dealer that specializes in precious metals IRAs. They make it simple to transfer funds from your current retirement account (like a 401(k) or IRA) into a precious metal IRA — with no taxes or penalties.

Gold Alliance offers a free investors' guide to help you learn more about why gold and silver could be a smart choice for diversifying your portfolio, and how the process works. 

Get your free guide now 

Save an average of $560/year on car insurance in Virginia

Are you staying home and driving less? If you answered yes, you've got an opportunity to lower your auto insurance premiums. With driving and auto insurance claims down, insurance companies are offering discounts.

With Insure.com, you fill out one simple form, and in minutes, you'll get a selection of personalized quotes. You'll be able to see the best prices from top insurance companies, all in one place, then pick the one that saves you the most for the coverage you want.

On average, drivers save $560/year when they use Insure.com.

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Bonus: Get smarter about money in just 5 minutes a day

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Stash Benefits

  • Get $20 to make your first investment
  • Invest in stocks, bonds, and ETFs
  • Fractional shares available
  • Start investing with just $5