Stimulus Check on the Way? Here's How to Use Your $600

Just before we closed out 2020, President Trump signed a $2.3 trillion COVID-19 relief bill. Along with some funds for small businesses and the unemployed, the bill also included a second round of stimulus checks to follow up on the $1,200 payments sent out earlier in 2020. This time around, if you make less than $95,000 a year, you should qualify for up to $600. Families should also receive an additional $600 per child.

The Treasury isn't wasting any time distributing these funds, either. If you were paid electronically in the previous round of stimulus payments, you may already see the money in your account. Otherwise, paper checks and debit cards should be on the way by mid-January. Now the onus is on you to formulate a plan for using that stimulus money wisely. Here's a prioritized list to help you strategize.

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Source Fool.com