If you’re like most Americans, you likely got a nice stimulus check in your bank account or in the mail this month. Maybe you’re wondering what to do with all that money. After all, it is a pretty large sum of cash! Well, wonder no longer: here’s the wisest way to spend that money.
First, make a rainy day fund. You never know when you’ll want $1,000 in savings to address a natural disaster. What if a flood wipes your home off the street? What if you lost your electronics when a thunderstorm hits your power grid with lightning? Be prepared.
You could also use some of the money to build an emergency response kit for your house. A container with non-perishable foods, batteries, flashlights, a radio, and other emergency supplies is a must-have, no matter where you live. Use some of your relief money to stock up on the essentials so you’re prepared for anything!