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Suze Orman: 5 worst things to do with stimulus checks.
Suze Orman, one of America’s most prominent personal finance experts, has some strong opinions about how people should not spend the third stimulus checks. The $1,400 checks of the third stimulus checks, which are part of President Joe Biden’s $1.9 trillion relief bill, are expected to help recipients cover immediate household expenses and pay down debt for more than 90 million American. And given that many qualifying households are receiving additional checks for dependents — that is, children and non-working adults – a large number of Americans are seeing a bigger one-time influx of cash than they’ve ever seen before. About this topic, Susan Orman is making some warning to the people about the 5 worst things to do with stimulus checks. 1. Spending it all right away Orman recognizes you may be keen to use your stimulus funds to pay off some of your outstanding balances after a full year into the pandemic. But, she says, that would be a mistake, especially if you’re still looking for work. “Do not rush, especially if you do not have a job yet and everything isn’t going the way you want it to be, do not rush to take that money and[…]