What if we receive another stimulus check this year?
We asked Certified Financial Planner Nancy Hecht, of The Hecht Effect, how to use it.
Her answer?
Put it toward bills or catch up on the requirements of day-to-day life, save the money to bolster your liquid cash savings or pay down debt: for example, student loan debt or credit card debt.
Despite the fact that there’s been some debt forgiveness, you’re still going to have to pay back money, possibly on the back end of a loan. So deal with it now instead, Hecht advised.
To hear her full comments, watch the video, above.