34: How To Save And Spend A Lump Sum Of Money, Including Your Stimulus Check


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By Kelly Phillips Erb. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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 is the creator and host of the new Taxgirl podcast series. Kelly is a practicing tax attorney with considerable experience and knowledge. She works with taxpayers like you every day. One of the things that she does is help folks out of tax jams, and hopefully, keep others from getting into them.

Links mentioned:

Kelly’s Website – Taxgirl

Tania’s author page - Saver Life

Tania’s website - Financially Thriving Mom

49 episodes