3 smart ways to spend your stimulus check, according to a financial adviser - Business Insider

Keep in mind that your stimulus check2. If your bills are covered, increase your savings

"If your basic needs are met, but you may need access to funds in the near-term, consider placing the money in a money-market fund or a, both of which yield more than a standard checking account but are safe and easily accessible," Gandhi said. Even in a low-interest rate environment, high-yield savings accounts can still earn up to 20 times more than traditional savings accounts. The best part is there's no risk involved and your account isA money-market fund, by contrast, is a low-volatility investment that generates fixed income on a short timeline. Your money will still be liquid, though it does come with a low level of risk.

"If my clients are on course and in a position to be able to save more towards their goals, these stimulus payments can be used as another savings mechanism for their plan," he said.

$1200? All $1200 of it!

Oh, save my “extra” money. Well shit, that makes sense! Why didn’t I think of that? 🙄

If you don’t need your stimulus check find someone who does and give it to them.

I love how the money that was intended to “help” people who urgently needed financial support due to coronavirus is going to end up making economically comfortable people even more well off 😂 😂 😂 😭 😭 😭 America, you kill me

Still waiting

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