The COVID Relief bill has been passed and the second round of stimulus checks are currently being distributed to millions of Americans. This round of payments will be for $600 per eligible adult, plus $600 for each child for families and individuals who meet the income criteria set by Congress. If the money isn’t already on its way to pay rent or a credit card, we have some ideas to make the most of it to begin the New Year.
Here are our top 3 ways to spend your stimulus check.
#1 – Start or add to your emergency fund
This is certainly the most responsible option on our list and should be a must if you don’t currently have a rainy day fund established. The $600 check should be a decent start or addition to a fund that could help cover 3-6 months of expenses in a time of need.
#2 – Support neighborhood businesses
As convenient as Amazon is, local businesses in your area are in desperate need of your business. Take a minute to explore some local shops that you wouldn’t normally visit and support your favorite restaurants while you’re enjoying a little bit of fresh air.
#3 – Plan or Save for a trip
Eventually the world will return to normal and we will see a mad rush to book hotels, flights, and trips. Planning a vacation early while rates are cheap could help stretch the $600 stimulus and provide some well needed soul healing once it’s safe to resume life as it once was.
Leave a comment below and let us know how you will be spending your stimulus!