04/16/2020
GOVERNMENT STIMULUS CHECK, WHAT TO DO WITH IT?
Repost from a financial group. GOOD ADVICE.
"There's no such thing as a free lunch, or free money..."
1. To Tenants: If the government says you don’t have to pay your rent and there’s a ban on evictions, you better do whatever you can to pay your rent.
There will be major repercussions when eviction bans are lifted. Don’t think you’ll get a free ride out of this. PAY YOUR RENT! Your landlord has bills to pay too.
2. To Homeowners: If the government tells banks to stop requiring mortgage payments, DO WHATEVER YOU CAN TO PAY YOUR MORTGAGE!.
Some lenders are saying you don’t have to pay for 3 months, but on the 4th month, all four payments may be due. Do not take a chance and not pay. Major foreclosures will come from all this. The banks didn’t help homeowners in 2008-2009 and in 2020, it will be the same.
So pay your mortgage.
3. If the utility company suspends payments, you better pay any amount you can! They will want their money eventually and when all this clears up, you’ll owe an larger bill and still won’t have any utilities. Pay whatever you can.
4. If you get a government stimulus check, this check is to help pay your bills. That means you pay your rent, your mortgage, your utilities, your insurance, your car payment, your bills. This is not for a bigger TV or new rims.
5. The real problem is, many who will get the stimulus check won’t use it to pay their bills, then will be crying and saying, “They evicted me. They cut off my power, they repossessed my car with the new rims...”
All while you’re broke and carrying that empty purse you bought with your stimulus check.
PAY YOUR BILLS!!!!
There’s always FREE cheese 🧀 in a mouse 🐁 trap, but there's NO FREE LUNCH!