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To help you determine the most financially responsible course of action to take with your stimulus check, Mutual 1st Federal has compiled a list of advice and tips from financial experts and advisers on how to use this money.

As part of the Coronavirus Aid, Relief and Economic Security (CARES) Act passed on March 27, the federal government is sending out $290 billion in stimulus checks over the next half a year...Unfortunately, scammers are doing all they can to get their hands on these checks before they reach the rightful recipients. The best way to keep your money safe from scammers is to arm yourself with information about the checks and to learn how to spot the scams.

Starting this week, the first economic stimulus checks of up to $1,200 will start to go out for eligible taxpayers, starting with people who have direct deposit set up with the IRS. Find out more about the stimulus checks and more.

Some of the financial terms flying around in the wake of the recently approved Coronavirus Aid, Relief and Economic Security (CARES) Act may be confusing. We have broken down some of the key components and how they relate to the COVID-19 pandemic.