In this episode of Financial Flexibility many of you are $1200 richer. We're going over some ways to spend that new money from the stimulus check! 

This series is designed to put you in control of your finances early and help you develop good habits that net an INSANE ROI over the course of your career.

* It's important to note that this is free money created out of thin air and given to you. It's fabricated and not real. You should NOT be reliant on this cash whatsoever. *

1. YOUR RENT/UTILITIES 

If I'm going to spend this money anywhere it will be here. Rent and utilities are 2 of the largest expenses Americans have. This check should go toward April's rent (if you haven't paid it yet) or even better, toward May's rent. 

Get ahead on your rent expense for the month of May. This provides you instant flexibility!! 

2. YOUR EMERGENCY FUND 

This check is the kickstart that we all need. Most Americans don't have 3-6 months of expenses saved as cash. This stimulus check could be the perfect start to your emergency fund, $1200 goes a LONG way. 

If you've already began developing your emergency fund put every single penny of this check into your fund. This is a time of major uncertainty, cash is PRICELESS! 

3. HIGH YIELD SAVINGS ACCOUNT 

I know I talk about these way too much but this is the perfect spot for your entire stimulus check. If you're lucky enough to have 3-6 months expenses already saved put your stimulus money here. 

Allow your free money to accumulate interest so you have even more a year from now!! Goldman Sachs Marcus accounts are easy to create, should take you less than 20 minutes. 

4 & 5. INVEST IN YOURSELF OR YOUR BUSINESS 

If you have a higher income, an emergency fund, and a larger high yield savings account already then use this money to invest in yourself. We have nothing but time right now, use your time and free money wisely. A home-gym set up, podcast equipment, a camera, etc... choose to start a new side project. 

If you own or run a business $1200 can go a long way. Improve your day to day operations and efficiencies. Invest in a new advertising campaign or product that improves profit! 

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