Before you claim your stimulus check you may want to consider the multiple options that are available to spend your stimulus money on.
- Invest in dividend growth stocks.
- If you are all about the Financial Independence Retire Early mindset then you may want to invest in your future by purchasing dividend growth stocks. Dividends are real money that can help you pay the bills, retire early, supplement your social security income, and help you to live comfortably during your retirement years.
- If you are one of the people who might receive stimulus money for your child then you could always invest their stimulus money into the stock market by purchasing dividend growth stocks to invest in your child’s future. Then again, you may be like a typical young adult and just pocket your child’s money, because you know…why not?
- Hire a professional pool cleaning service.
- It’s almost summer in the northern hemisphere and that means pool parties, tailgate parties, and hamburger patties.
- Speaking of summer fun, you could even use your stimulus check to buy a new bbq grill.
- Pay off student loan debt.
- Pay off monthly bills.
- You could use your stimulus money to help make a mortgage payment, monthly car lease or registration payment, make another car insurance payment, or make another health insurance payment.
- Pay off medical bills.
- You could use your stimulus check to help pay for your portion of any medical bills that your health insurance didn’t cover.
- Pre-order one of the new next generation video game consoles such as the PlayStation 5.
- Buy a VR gaming headset such as the Oculus Rift or PSVR 2.
- If you haven’t tried a vr headset yet you don’t know what you’re missing. There are already many popular games that support virtual reality headsets such as The Elder Scrolls IV: Skyrim and No Man’s Sky.
- Buy several chords of firewood.
- So you’re not scrambling to find a firewood supplier like everyone else this winter.
- Hire a professional lawn care service.
- What better way to satisfy your neighborhood’s tyranical HOA throne masters than by using your stimulus check to hire a professional lawn care service to take care of your yard work.
- Buy brand new toilets and have them professionally installed.
- Buy a new pet from a breeder or adopt a pet from an animal shelter.
- Whether you prefer dogs, cats, birds, or fish as a companion now is a perfect time to rescue an animal in need with your stimulus check to help pay for the animal, pet food, water and food bowls, and pet toys and treats.
- Use your stimulus check for a down payment on a new car.
- You may have started your own food delivery business as a side hustle to help support your family’s financial needs or maybe you were hired by the already numerous food delivery businesses already in existence, either of which may require four wheels to help you get around town safely as your are making grocery deliveries to customers.
- Use your stimulus check to help fund a down payment on a new house.
- Finding and buying a new house can get expensive and even down right time consuming for first time home buyers and even retired couples who have owned many homes in their lives. No home buying experience is ever the same. If you are in the market for a new home then you may need all the financial help you can get through things like the stimulus check and a first time home buyer assistance program for new home owners.
- Buy a new mountain bike.
- If you are an outdoors enthusiast then spending your stimulus check on a brand name mountain bike could pay off handsomely if you buy a bike of high quality and durability.
- Buy a new high quality telescope for backyard stargazing.
- Buy a Nikon P900 or P1000.
- If you are an amateur astronomer you may want to buy one of these high quality cameras and required rings and adapters and attach it to a telescope for some backyard stargazing. You may even spot the Starlink satellites passing overhead.
- Get new flooring in your home professionally installed.
- Whether you prefer wood, tile, or carpet flooring or even a combination of the one or more of your flooring options, a new floor can help bring life to an otherwise boring family home.
- Buy a new computer or buy computer hardware to build your own computer.
- If you are a gamer, streamer, let’s player, or even vlogger, then working with a computer that has the computing power necessary to get your self employed job done and make your life easier may allow you to explore more creative income generating ideas.
- Buy a new internet router.
- High-speed internet is like a gift from above.
- Buy a new internet modem.
- See above. Then again if you really wanted to, you could spend your stimulus check on a dial up modem and floppy disks because…why not?
- Use your stimulus check to help fund a down payment to buy an online business.
- Why work for someone else when you could work for yourself?
- Buy cart loads of groceries.
- Buy pallets of survival food, water, and supplies because you never know what the reptilians have planned next.
- Buy new garden tools.
- If you live in the northern hemisphere spring is here and summer is right around the corner. What better time to start gardening then now?
- Donate all or a partial amount of your stimulus check to a charity or use your stimulus check to buy a charitable gift annuity for some passive income.
- Loan the money you get from your stimulus check to family and friends.
- You may want to charge them interest so you get more money back than what you lended out to them. You may also want to consider devising a written contract and have both parties agree to and sign the contract…because hey, you never know.
- If you still can’t decide what to do with your stimulus check then you could always give it to your local church to help make the pastors richer and help them fund their biblical empire.