In this week's episode, we are discussing smart ways to use stimulus payments. These suggestions also apply to any unexpected windfalls you might receive. It’s important to make a plan for large sums of money, so it doesn’t go to waste.
Welcome to the Balanced FI Podcast, episode 11! Thank you so much for listening in!
This episode provides you with a prioritized list of ways to spend stimulus money, but also other unusual lump sums you receive. Having a plan will help you make smart decisions.
Ways to spend your stimulus money:
Resources:
Read: Smart Ways to Use Your Stimulus Money (initially written about the stimulus payment issued in early 2021)
Read: Financial Security Steps
Download: Debt Payoff Planner
Read: Financial Security Step 2b, Begin Saving for Retirement
Sources:
ABLE National Resource Center: About ABLE Accounts
ABC: White House launches public push for child tax credit: Here’s when the checks go out