Suze Orman: Why you need to save your stimulus check

Suze Orman: Why you need to save your stimulus check

About 159 million households will receive the third round of stimulus checks. The best way to use the payments will be to keep the cash in your account, according to financial expert Suze Orman. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

Stimulus checks are on the way.

President Joe Biden signed the $1.9 trillion relief package into law last Thursday.

About 159 million households are expected to receive the latest round of direct payments in coming weeks.

While the checks are typically meant for immediate use to shore up budgets and stimulate the economy, people should focus on preparing for more emergencies, according to Suze Orman, host of the “Women & Money” podcast.

Check out this video to hear why Orman says people need to be prepared for at least another year of reduced income.

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