The legislation offers a $600 stimulus check per adult and $600 per child.
Financial advisors recommend various uses for this extra cash, depending on individual and family circumstances.
Oliver Contreras/Bloomberg via Getty ImagesHow to use stimulus checks, unemployment benefitsThe cash infusions would be the first for Americans since the $2.2 trillion CARES Act was passed in the spring.
It would also give an extra $600 for each dependent child.
Americans should generally have an emergency fund that covers six months of expenses, according to prevailing wisdom among financial advisors.
Persons:
Karol Serewis, Steven Mnuchin, hasn't, Lee Baker, Oliver Contreras, I'm, Louis, Barajas, Baker, they're
Organizations:
Getty, Sunday, Apex Financial Services, Bloomberg, Louis Barajas, CFP, Invest
Locations:
Atlanta, Irvine , California, U.S, Jan