9 Powerful Ways to Invest Your Tax Refund This Year

One of the smartest money moves you can make with your federal tax refund is to save or invest the money.

1. Invest Your Tax Refund in Your Savings for Emergencies

Powerful Ways to Invest Your Tax Refund

Imagine what that or even half that refund money can do for your savings. Plus, you no longer would belong to those ugly stats from above.

2. Make Extra High-Interest Debt Payment

Powerful Ways to Invest Your Tax Refund

This not only helps cut your down your debt a little faster, but can save you on some yearly interest.

3. Invest for Your Retirement

Powerful Ways to Invest Your Tax Refund

It typically covers topics such as: taxes, estate planning and long-term social security and healthcare.

4. Start Investing In A 529 Plan

Powerful Ways to Invest Your Tax Refund

A 529 plan is a plan that can help you save for college and offers tax and financial aid benefits. 529 plans may can also be used to save and invest for K-12 tuition in addition to college costs.

5. Invest in Your Side Hustle

Powerful Ways to Invest Your Tax Refund

While not all these things are super expensive, your tax refund check can be just the personal cash you need to get started.

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