The latest Stimulus Check is out and it's a pretty serious update. As you may have heard the previous Stimulus Check contained some pretty big words; “nothing left to paychecks”, “cuts everywhere” and so on. What I found interesting was that none of the above mentioned things were actually true! The only thing that wasn't true, was the part where the cuts were going to start taking effect immediately.
Now, I don't mean to argue that those weren't important factors. However, they were not in the news. I also don't think the term “nothing left to paychecks” was in any of the reports. However, the fact remains that there is an official stimulus check being released. It's just a matter of time before the money starts flowing. Don't get me wrong, I am very pro-stimulus, however, I want everyone to focus on the positive aspects of this plan.
The Stimulus Plan will provide incentives for businesses to get debt free. They will be able to use the stimulus money from the government to reduce their costs. This includes reducing taxes, fees and payrolls, all while paying their fair share to the government. This is a very important initiative that will help relieve some of the stress that people are feeling because of debt.
But, the government doesn't want to just give people money, they want to get rid of debt. It's just plain common sense that if you have more money, you don't get more debt. If you take money out of your pocket and deposit it in a savings account, you won't have as much debt. If you sell some assets and use the proceeds to payoff some debts, you won't have as much debt. You see my point?
When the 3rd stimulus check comes due, you should take advantage of the opportunity to get out of debt. It's not rocket science. Get rid of your debt today. You will be glad you did when the economy gets better and the stimulus program stops.
You will probably feel overwhelmed with the amount of information that you need to process. Just remember, get started right away. It will start to improve your financial outlook in no time. When that happens, you will be glad you didn't wait.
It's going to take some effort on your part, but it's well worth it. The stimulus checks are meant to cover your living expenses for a few months, until the economy recovers and more money can be spent. The last thing the government wants is you defaulting on your debt. It's a pretty good deal if you ask me.
Take action now. Don't delay. The worse thing you do is to delay. You'll only be suffering in the long run. Get on-track to debt relief by getting on-track with your debt consolidation.