Bill Wood, senior lecturer and coordinator of the Financial Services Degree Program in the\u00a0Raj Soin College of Business, talked to News Center 7 about what people should do with their stimulus checks.<\/p>\n
The checks are intended for basic needs: food, medication costs, rent, mortgages, etc.<\/p>\n
Once those basic needs are met, Woods encourages setting up an emergency fund. The fund should be three to four weeks of living wages.<\/p>\n<\/div>\n<\/div>\n
Another option is to support local businesses, food banks and local charities to spread the wealth.<\/p>\n<\/div>\n<\/div>\n
Many people on social security have expressed concern over whether or not they qualify to get a stimulus check.<\/p>\n<\/div>\n<\/div>\n
Wood says that those on social security will among the first to get their checks as the government already has their direct deposit information.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Bill Wood, senior lecturer and coordinator of the Financial Services Degree Program in the\u00a0Raj Soin College of Business, talked to News Center 7 about what people should do with their stimulus checks. The checks are intended for basic needs: food, … Continue reading