5 Worst Ways to Spend Your Stimulus Check – Community News
Stimulus Check

5 Worst Ways to Spend Your Stimulus Check

Here are 5 horrible ways to spend your stimulus check.

Here’s what you need to know.

Stimulus Controls

The $1.9 trillion stimulus package — the 2021 U.S. bailout — includes $1,400 incentive checks for individuals, $2,800 for married or joint applicants and $1,400 for eligible dependents. That means a family of four can earn up to a $5,600 incentive check. Before you spend your third stimulus check, however, make sure you avoid the 5 worst ways to spend your stimulus payment:

1. Not paying your essential bills

This sounds incredibly simple, but it really is the number one priority. The stimulus check is intended to help people who are struggling financially after the Covid-19 pandemic. From unemployment to housing and food insecurity, stimulus measures are designed to build a financial bridge, especially for vulnerable Americans. That’s why it’s essential to spend your stimulus check on essential bills like housing, food, and utilities first. Make sure your financial house is in order.