If you don’t “need” it per se (ie sufficient emergency fund already) it’s good money to:
- Support a few black-owned businesses
-Open a Roth IRA (you can take contributions out tax-free if necessary; you only pay taxes on any gains)
- Stash in an online back like Ally in a high interest savings account
Many have said pay off debt; personally if it’s not supporting a black business, the bread needs to be as liquid as possible unless your emergency fund is at 9-12 months of expenses.
Of course because this is America, as soon as the money is announced the retail joints will announce massive sales; 25% or more off. Shit I think a pair of Js dropped the Saturday of the week that first round hit bank accounts.