Chances are, you’re about to come into some money soon — whether it’s your tax refund or the 2021 stimulus check. But what do you do with it now that you have it? For many people, getting a lump sum of money is new to them and they don’t want to blow the opportunity. That’s where this sound advice comes in handy.

How to use and save your stimulus check effectively

On this episode of the Taxgirl podcast, Kelly is joined by Tania Brown, a certified financial planner, author at Saver Life, and the founder of Financially Thriving Mom, to talk about how to save and spend your stimulus check or tax refund. Whether you have outstanding bills that need to be taken care of or you just want to save the money, Tania and Kelly share some important tips to help you be financially sound.

Listen to Kelly and Tania talk about using your 2021 stimulus checks:

  • How can people prioritize saving their stimulus checks?
  • How the 2021 stimulus check can help people
  • Which bills should be prioritized?
  • Hardship programs
  • How to start saving
  • Prioritizing yourself over family and friends that need help
  • Creating boundaries for friends and family
  • Where to find good financial guidance locally
  • Treating yourself as a part of savings

More about Kelly Phillips Erb:

Kelly Phillips Erb created and hosts the Taxgirl podcast, your home for tax news, tax info, and tax policy. In each episode, she shares conversations about taxes, money, and the choices we make. Kelly is a tax attorney who works with taxpayers and tax practitioners like you every day. She helps folks out of tax jams, and hopefully, keeps others from getting into them.

You can find out more about Kelly here and you can follow her on Twitter, Facebook, Instagram, and Linkedin.

To subscribe to the podcast (it’s free!) using Apple, Spotify, or your favorite listening app, click here.

Kelly’s Website: Taxgirl

Tania’s author page: Saver Life

Tania’s website: Financially Thriving Mom

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1 Comment

  1. I believe investing in yourself, your business or the markets is the best way to go. Also, if you have any expensive debt, paying that off is the best option! Spending the money on things that you DONT NEED, like a new pair of off whites is a horrible decision, and why many people have financial problems in today’s world!

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