What to do with your COVID-19 stimulus check

If your income has been disrupted, you should first use the COVID-19 stimulus check on things you absolutely must cover, such as food, and don’t worry about clearing your entire credit card balance right now. That’s according to Michelle Singletary, personal finance columnist.

If your income has been disrupted, you should first use the COVID-19 stimulus check on things you absolutely must cover, such as food, and don’t worry about clearing your entire credit card balance right now. That’s according to Michelle Singletary, personal finance columnist. Credit: Pixabay. 

As part of the coronavirus relief package that Congress passed last month, more than 80 million Americans will get $1200 deposited directly into their bank accounts by the end of today. That’s according to the Internal Revenue Service. We talk to a personal finance columnist on who qualifies for this money, how you can get it, and what you should do with it. One tip: credit card debt isn’t a priority right now.

From this Episode:

Credits

Host:

Madeleine Brand

Producers:

Sarah Sweeney, Michell Eloy, Amy Ta, Alexandra Sif Tryggvadottir, Rosalie Atkinson, Brian Hardzinski, Angie Perrin