Blue Flower

If you're looking for advice on the best or smartest ways

to spend or invest your stimulus check we got you. Please note the following ideas

 

  • Pay your tithes (10%)
  • For ease of liquidity in case times get rougher put the funds in a high interest money market savings account.
  • Pay bills due or pay upcoming bills in advance for the next few months
  • Help less fortunate family or friends.
  • Donate a percentage to charity.
  • Pay down or pay off high interest credit card or loan debt.
  • Pay off medical bills
  • Invest in a new or contribute to a current IRA account.
  • Set up an emergency or rainy day fund.
  • Start a business
  • Save for your child's education
  • Put it towards a down payment on a house
  • If you have steady income and a solid emergency or rainy day fund you can use your stimulus check to fuel you local economy by supporting small businesses in your community.
  • Save it to take a vacation or a staycation once the economy opens back up

Comment below on how you plan to spend your economic impact payment stimulus check.