Stimulus payments will start going out next week if you were one of the people who asked for them to be directly deposited into your checking account. If not, then you will get a paper check by the end of May.
The real question is what to do with this money. Many people will blow the money, spending it on frivalous items like televisions and game consoles. I will be purchasing a new air conditioner for the upstairs of my home. We have already gone one summer without central AC up there and another SC summer with window units starts to hurt the electric bill, not to mention improving the value of the home.
What are some ideas for using your stimulus check to really improve your life? Instead of blowing the money why not put it away as a beginner emergency fund so that you can start paying off debt. Or, if you have an emergency fund you can apply that money to debt that you have and take a big chunk out of it. If you are worried about blowing the money you should start planning how you are going to use it right now, before you get it. Do you have any other ideas of good ways to use your stimulus check?
3 Responses to “What to do With Your Stimulus Check” Leave a reply ›
Debt free vacation. We are using our income tax refund to pay for the condo and the stimulus check to pay for gas, food, entertainment. 9 days debt free. AWESOME BABY!
We are going to finish our emergency fund and use the rest to pay off a credit card.
We will be using our tax refund and stimulus check to lanscape our yard (which I started today!) and install tile in our bathrooms...oh and buy some equestrian eventing gear for my wife.