PERSONAL FINANCE: SHELTER FROM SUBPRIME FALLOUT 2

Some relief can be obtained from the recently passed stimulus bill. Before the end of the first semester of this year, people will be receiving the windfall from the recently passed “stimulus” bill:

individuals = $600

couples = $1200, $300 additional for each child.

This can be part of a source for shoring up personal / household finances. One use of this windfall which can serve as an umbrella against subprime fallout would be to pay down as much debt as it cover (i.e., credit cards & mortgages).

Image from Microsoft Clipart