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5 Smart Ways to Spend Your Next Stimulus Check

Many of us who’ve weathered the pandemic-related economic downturn relatively well may have blown some or all of that money on impulse buys. It’s understandable both given the psychic toll of 2020 and the suspect spending habits many of us have. However, with additional checks likely on the way, it’s best to have a plan now for how you might spend that extra money. Here are five responsible ways to use that next stimulus check. Save your stimulus money Part of the reasoning behind the stimulus checks is that getting money into people’s hands will increase consumer spending and help prop up business revenue. However, while spending may be good for the country, it may not be the most prudent decision for you and your family. If you don’t have savings of at least $1,000 (or preferably three to six months’ worth of living expenses), stash that next check to be prepared for emergencies. Invest in stocks 2020 saw the major stock market indices hit historic highs, making many people...


Feb 12, 2021