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#HowToSpendYourStimulus
If you can cover your bills, the best option to 'spend' your stimulus is to not spend it at all.
If you don't have an emergency fund, this is a great way to start one.
If you already have one, this could help build capital to invest.
If you can cover your bills, the best option to 'spend' your stimulus is to not spend it at all.
If you don't have an emergency fund, this is a great way to start one. If you already have one, this could help build capital to invest.
The 'BASIC' Emergency Fund recommended by most financial educators is $1,000.
The stimulus check ($1,200) is basically a full 'basic' emergency fund for every American
You're then left with a surplus of $200.
The stimulus check ($1,200) is basically a full 'basic' emergency fund for every American
You're then left with a surplus of $200.
Use the $200 surplus to:
Pay debt bills. Many are offering pausing right now - contact to find out.
If pausing, use to build 'full' emergency fund of 3-6 months.
If no bills/now have a 'full' emergency fund, use it to start a low risk investment.
Pay debt bills. Many are offering pausing right now - contact to find out. If pausing, use to build 'full' emergency fund of 3-6 months. If no bills/now have a 'full' emergency fund, use it to start a low risk investment.
During times like this, one of the ONLY things we have complete control on is OUR spending and what we choose to do with the income we have.
I cover money saving tips and mindset advice like this in my eBook.
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I cover money saving tips and mindset advice like this in my eBook.
Click below to check it out!
https://gum.co/obtwpK
