Some good news – in the form of money – may be coming to Americans soon. On Tuesday, Treasury Secretary Steve Mnuchin said that the Trump administration plans to move “immediately” to send money to Americans as the coronavirus cripples the economy. If those checks land in your bank account, how should you spend the money?
H. Jude Boudreaux, CFP, partner and senior financial planner at The Planning Center, weighs in on how to spend or save the cash and what mindset is helpful as you consider your options.
Jude Boudreaux, CFP®, is a Partner/Sr. Financial Planner in the Chicago and New Orleans offices of The Planning Center, a fee-only financial planning and wealth management firm. Email him at firstname.lastname@example.org.