BATON ROUGE, La. (WAFB) – As tax returns have rolled in after the third round of stimulus checks that most of you have already got. Some are still waiting for that refund or that stimulus aid. Experts said our first instinct when we get a lump sum like this is to splurge, but there are ways to make that money last.
A local financial professional said most Americans plan to either save their $1,400 stimulus check or use it to pay down debt. Around 25% said they plan to spend it. Similarly, nearly half of Americans plan to save their tax refund.
Experts said if you need the money for groceries, rent or mortgage, prioritize the essentials first by re-evaluating your budget. Make a list of your bills and check to figure out what needs to be paid first and what can be paid later.
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