MINNEAPOLIS, Minnesota — Economic stimulus checks are hitting bank accounts nationwide amid the Coronavirus pandemic. Should you spend the government relief money immediately or save it?
Financial professional Nick Foulks, from Great Waters Financial, shares three important tips for making the most out of your money:
HOW TO SPEND YOUR STIMULUS CHECK
- Pay your bills
- Create an emergency fund
- Invest in your future
To get a better idea when your stimulus check will arrive, visit the online tracker on the IRS’ website. Be patient, and do expect a wait. The Get My Payment site is experiencing heavy traffic right now. However, be sure to grab your tax return information and your social security number before you log on. You will need it.
RELATED: If you didn't file your taxes in 2018 or 2019, here's what you need to do to get a stimulus check
KARE 11’s coverage of the coronavirus is rooted in Facts, not Fear. Visit kare11.com/coronavirus for comprehensive coverage, find out what you need to know about the Midwest specifically, learn more about the symptoms, and see what companies in Minnesota are hiring. Have a question? Text it to us at 763-797-7215. And get the latest coronavirus updates sent right to your inbox every morning. Subscribe to the KARE 11 Sunrise newsletter here. Help local families in need: www.kare11.com/give11.
The state of Minnesota has set up a hotline for general questions about coronavirus at 651-201-3920 or 1-800-657-3903, available 7 a.m. to 7 p.m.
There is also a data portal online at mn.gov/covid19.