Making the Most of Your Stimulus Payment
Last Updated December 21, 2020
As we await details and final passage of the second round stimulus package, we will provide updates regarding stimulus payments, also referred to as Economic Impact Payments (EIP), as soon as they become available.
We know that every situation is unique and so here are a few thoughts to consider as you decide how to use your payments to take care of yourself, your family and your community. We'd love to connect with you on the phone to talk through your options - simply contact your local office.
Take Care of Immediate Needs
If this year has meant changes in your income, think about using your stimulus payment to fill in some of those gaps and take care of any financial emergencies. Money Manager in Online Banking will show you patterns in your spending and help you identify exactly where your money has been going and any gaps that you need to fill. Explore Money Manager.
Save for Emergencies
Consider tucking away even a portion of your stimulus payment in case of emergencies in the near future. If you don't yet have a savings account, you can open one from your laptop or smartphone. If you live in Pennsylvania, the Fund My Future program provides a chance to win monthly prizes deposited back into your account. View Savings Account Options
Support a Small Business
Our small businesses have made many sacrifices this year. Brainstorm ways you can use a part of your stimulus payment to support your favorite small businesses, like buying pizzas for local healthcare workers or ordering online gift cards to use once your favorite restaurant re-opens.
Consider Making a Gift
If your income has remained stable throughout this unique time, consider making a gift to your favorite non-profit organization providing critical support like access to food. Join us in Sharing the Warmth. Learn more.
