6 Ways to Use Your <br />$1,200 Stimulus Check 1. Pay your income taxes <br />by the July 15 deadline. You would essentially be giving <br />the money back to the government, <br />but it could help you to get ahead. 2. Help your child with <br />an investment account. CFP Marguerita Cheng, via CNET 3. Donate to charity or <br />help out family and friends. If you do not need the money personally, <br />assist someone with money issues <br />or donate to a food bank. 4. Handle your most <br />basic needs and expenses. Instead of long-term plans, <br />use the $1,200 for rent, <br />monthly bills or groceries. 5. Put it towards an <br />emergency fund account. An account such as this should last up <br />to six months, and if you don't already <br />have one, now is a good time to start. 6. Cut down any <br />personal debt you may have. If you are saddled with credit card or <br />loan payments, $1,200 should help <br />give you some breathing room.
