Best way to use your stimulus check

Madison College's Mike Johnson shares tips on the best ways to use your stimulus checks.


For many families, the good news is much-needed stimulus checks are finally on the way. The bad news is, which bill do you pay off first?

 

Madison College finance instructor Mike Johnson talked to Channel 3, Channel 27, Spectrum News and WIBA Radio about the best way for folks to use their stimulus checks and also how to manage their COVID-19 debt.

 

"Pay off any high credit card interest debts that you have and then just kind of work your way from there," Johnson told Channel 27.

If you were able to work during the pandemic, Johnson recommends paying it forward by spending a portion of your stimulus check at local restaurants and businesses to help boost the economy.