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r e d f c u.o r g
Do not email any account or personal identification information.
I received two stimulus checks and want to spend them wisely. What should
be the first thing I do?
e first question you should ask yourself is: Are my basic necessities covered?
Do you have food? Is your rent or mortgage current? Do you have any late utilities
that need paying? Is there gas in your car?
If those things are done, next think about:
• Setting some money aside for an emergency fund
• Knocking out some of the high-interest credit card or loan debt
• Reviewing those necessary car or home repairs that you may have been putting off;
now may be a good time to get those completed
If I don't need it to cover debts, is it okay to spend it on fun gadgets or travel?
Setting aside a certain amount for fun or travel is fine if all your debts are covered.
You may also consider giving to a worthy cause or to someone having an especially
rough time if you don't need it.
e bottom line is this: If you are fortunate enough not to need the stimulus money
immediately, use it to build a firmer financial footing.
YOU ASK – WE ANSWER!
Money Repair
To answer other financial questions, call Redstone at 256-722-3796 or
email aspire@redfcu.org.
Need a 'get out of debt' plan or just need
someone to review your credit report
with you? Redstone's accredited financial
counselors can help..
