How to Make Your Stimulus Money Last

with Financial Planner David Rae

March 30, 2020

Financial planner David Rae joins The Morning Beat to tell us how to make our stimulus money go the furthest!

Your stimulus money depends on your household income and your 2018 taxes if you haven't filed your 2019 taxes. David Rae says that $1,200 is not enough, especially in California. This money won't go very far and we won't get this money until May, so Rae suggests that we act like we're not going to receive the money and to save as much as possible. He says not to count on it until the money is in your bank account. The good thing is they extended the unemployment benefits and widened the range of people who can recieve unemployment.

To hear what else David has to say about the stimulus money, download our podcast!

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