Capital Adulting

7. Optimize Your Stimulus Check | Capital Adulting


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As part of a new government spending bill, approximately $900 billion was allocated for Covid relief, including another round of stimulus checks. Here are the details:

  • $600 for every adult and child dependent, max of $2,400 for a family of four
  • Adult dependents (17+ and seniors) aren't eligible
  • Payments are expected to start next week, per Secretary Mnuchin

How you should use it:

  • Pay down debt, starting with the highest interest rate (credit cards)
  • Establish your emergency fund/build your savings
  • Invest! (It's free money, no risk if you lose it)
  • Spend some, particularly on supporting your local community and charitable causes

...more
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Capital AdultingBy Grant Gardner

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