I’m splitting my stimulus check 3 ways: savings, donations, and frivolous spending. Here’s why.
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- When I received my $1,200 stimulus check, my gut reaction was to save all of it.
- But to help my community, I’ve decided to donate a chunk of it.
- I’ve also allowed myself to spend some of it, which could prevent impulse spending down the line.
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When I received my $1,2000 stimulus check a few weeks ago, I mulled over how to best use it. With so much uncertainty about the future of the economy, my initial reaction as a longtime, diligent saver was to squirrel all of it away.
As a single woman who is the sole income earner in a household of one, I never feel I have enough in my emergency fund. Should something happen to my ability to make a living, I would be hard-pressed money-wise. That being said, a lot of my favorite local businesses are also struggling, and people …continued .
[Source: Business Insider]