What Should You Do With Your Stimulus Check?

The answer will depend on you, but we’ve put together a list of things you could choose to do with your stimulus check depending on your circumstances. Each of these options are designed to give you the most bang for your buck and to benefit you and others that need the most help during these times.

What Should You Do With Your Stimulus Check?

Who is Eligible?

1.  If you had $75,000 or less in taxable income as a single filer or $150,000 or less as married filing jointly, 2. Those from $75,000 up to $99,000 in taxable income as a single filer, and $150,000 to $198,000 as married filing jointly

Pay Bills

The first thing you should consider doing with your stimulus check is paying bills. In fact, if you’re one of the millions of Americans who’ve lost their job, especially if you have little or no savings.

Start an Emergency Fund

Let’s say you’re one of the lucky individuals who still has money coming in and you can still pay all your bills, but you don’t have an emergency fund. Now is the perfect time to start one using your stimulus check.

Pay Debt

If you’re going to use your stimulus check to pay down debt, we recommend starting with the highest interest debt first, such as credit cards. If you have something left over after paying off your high interest debt, then you can go onto other debts you may have.


There are tons of options when it comes to investing, but if you’re going to invest your stimulus check we would recommend focusing on putting it into retirement accounts, especially if you have years to go until retiring.


One option is to donate all or part of your stimulus check to a charity providing relief to those most impacted. You could also donate to hospitals and healthcare workers on the front line, or researchers trying to develop treatments.

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