How Spruce Empowers Moms to Take Control of their Finances and Help Secure their Family’s Future

As we prepare to honor mothers in May, one mom shares why she signed up for Spruce1 at tax time

Mother’s Day is a time when moms are celebrated and spotlighted for their roles in families and within society. But beyond the obvious reasons to celebrate mothers, moms play an important role in household finances. A recent study from Bankrate shows more than 80 percent of household purchases and purchase influence are made by women2. With such a focus on finance, we spoke with one mom who says Spruce was an obvious choice for her family, and signed up for the mobile banking app at tax time with H&R Block.

Kristin has been using H&R Block DIY products to do her taxes for many years. The 35-year-old stay at home mom was excited to learn about Spruce, a mobile banking app built by H&R Block, while filing her tax return this year. She says she signed up for and deposited her federal refund to Spruce because of enticing features like getting federal refunds up to six days early 3 and her trust in H&R Block as a long-time customer.

“I love the fact that it comes from H&R Block and I love the idea that I got my tax refund early,” said Kristin. “I’m not going to lie, that’s pretty important. I got mine early and it was surprising. I was so thankful.”

For many people, receiving a tax refund can be one of the biggest financial moments of the year. Research shows that one-third of consumers don’t have an intentional plan for how they’ll spend their tax refund, but 45% are open to advice on the matter4. Spruce helps customers put their refund money to good use with its tax refund recommendation feature, which automatically recommends people designate a portion of their tax refund to saving for the future. Spruce also allows users to set up to two savings goals at a time to set aside money over time to pay for big purchases, something Kristin found particularly useful upon receiving her tax return.

“I like the savings. The first thing I did was move $2,000 of my refund over to my savings and committed to not touching it,” said Kristin. “Our first goal was to fix our car, and that was around $1,000. And then rent was another $1,500 savings goal. So, I was basically putting money away for big expensive bills.”

By recognizing and valuing the financial contributions of moms, and with the help of Spruce, which offers convenient and accessible financial management tools, we can empower moms to make informed financial decisions and achieve goals for themselves and their families. Click here to learn more and sign up for Spruce today!

  1. Spruce fintech platform is built by H&R Block, which is not a bank.  Spruce℠ Spending and Savings Accounts established at, and debit card issued by, Pathward ®, N.A., Member FDIC, pursuant to license by Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
  2. Bankrate (2023). The rising purchasing power of women: Facts and statistics.
  3. Does not change IRS refund processing speed. Claim is based on making federal refunds available when payment instruction is received, which may be earlier than scheduled payment date. Depends on timing of the IRS’s payment file. Available only for federal refunds. May be changed or discontinued at any time.
  4. Research conducted by H&R Block and Qualtrics Surveys, 2,000+ adults ages 18+, Fielded Sept. 15-21, 2021.


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Spruce makes it easy to be good with money.

Spruce is mobile banking for people who want to be good with money. Set saving goals. Get automatic cash back. Get paid up to two days early.

Spruce fintech platform is built by H&R Block, which is not a bank. Bank products by Pathward, N.A., Member FDIC.