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Should you be responsible and pay down debt or use it tofinancea fancy new car?
There are so many scenarios, but not all of them are right.
That kind of thinking, though, can set you up for trouble later.
Without one, you risk wasting the opportunity to improve your financial situation.
Here are four things experts say are the nos of spending your stimulus check.
He said its smarter to step back and think about the basics rent, utilities, food.
If those arent covered, thats where the money should go first.
He said this can be a fast route to losing money.
Its better to set up an emergency fund or pay down debt before taking wild chances.
It might feel good in the moment to upgrade your home entertainment or buy high-ticket items on installment.
Even a small chunk of money directed at these balances can save hundreds in interest over time.
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