原文標題：
7 things NOT to buy with your $1,400 stimulus check
不值得用你的1400鎂經濟刺激方案支票買的7個東西
原文連結：
https://reurl.cc/5oXqg7
發布時間：
Last Updated: March 22, 2021 at 10:01 a.m. ET
First Published: March 22, 2021 at 7:46 a.m. ET
原文內容：
Stimulus checks are quickly making their way into Americans’ bank accounts
and mailboxes.
Many Americans will put the money towards essential expenses such as food,
rent/mortgage payments and utilities — but some Americans who already have
those expenses covered might consider putting some of their stimulus money
towards Bitcoin, a new car, vacations or new clothes.
Americans have complete freedom to decide how they spend their stimulus
checks, but consumer advocates advise caution on some tempting purchases.
Bitcoin and meme-stocks
Some $40 billion worth of stimulus money is estimated to go towards
purchasing Bitcoin BTCUSD, -0.08%, according to a recent Mizuho Securities
survey. Prior to the latest $1.9-trillion stimulus package, the
cryptocurrency was already at all-time highs.
But the demand stemming from stimulus checks will only push Bitcoin’s value
higher in the short-term, said James Ledbetter, editor of fintech newsletter
FIN. That makes the cryptocurrency a riskier investment, he added.
On top of that, “It would be sad and painful to see people end up losing
this money that was designed to prop up the economy and get us out of
COVID-induced recession,” Ledbetter said.
“Having said that, assuming your rent or mortgage is paid up and your family
isn’t wanting for food or clothing, grown-up people have the right to invest
their money however they wish — and the chances of losing ALL the money
invested in Bitcoin is pretty small.”
By the same token, Ilian Georgiev, CEO of Charlie, a payment planning app,
recommends resisting the urge to invest in stocks like Gamestop GME, -2.89%
and AMC AMC, -10.34% recently seen skyrocketing share prices stemming from
social media-driven trading.
However, unlike Bitcoin, GameStop GME, -2.89% and other so-called meme stocks
aren’t as likely to get a stimulus-check boost, according to BofA Securities
analyst Curtis Nagle. The gaming stock is also considerably less ubiquitous
in Reddit stock trading forums than it was earlier this year, he noted.
A new or used car down payment
It may be tempting to say ‘When I get my stimmy, I’m going to finally put
down my first downpayment for a car.’
While the $1,400 check won’t cover the bulk of initial loan down payments
most people pay for a car, even if it does, it’s still a good idea not to
put it towards a car down payment, Georgiev said.
(Used car loan down payments on average amount to no more than 11% of the car
’s total price, which last year was around $21,000, according to Edmunds
data. The down payment for new cars tends to be a bit higher (11.7%) for new
cars, according to Edmunds.)
“Your income hasn’t really changed — your debt-to-income ratio is still
the same,” he said referring to the stimulus check funds. “By getting a
loan on a new or used car, you actually are making yourself poorer.”
When you take out a new loan, “you’re effectively working for someone else.
”
“The fact that you can afford a down payment doesn’t mean that you’re
going to be getting ahead. It means that now your disposable income going
forward is going to be even lower because interest payments.”
Summer vacations
The U.S. Centers for Disease Control and Prevention has not revised its
advisory against non-essential travel even for people who have been
vaccinated against COVID.
Airport checkpoint data published by the Transportation Security
Administration suggests that people have been ignoring the advisory lately,
especially as more Americans become fully vaccinated.
But when it comes to summer excursions, consumers may actually get better
rates for domestic trips if they hold off booking until mid-April or early
May, said Adit Damodaran, an economist at Hopper, a travel-booking app.
“Domestic airfare prices are currently averaging $240 round-trip,”
Damodaran told MarketWatch based on Hopper data. He said he expects prices
to “remain low until early May, increasing roughly 12% leading into the
summer months to around $257 round-trip.”
If you’re thinking about traveling internationally, you should keep in mind
that the country you have your eye on could reinstitute a national lockdown
that bars tourists from visiting, which is currently the case in Ireland and
Italy.
Others are more lenient on the issue. “If you can book travel far enough
out, and one of the online travel agencies is having a sale, it’s perfectly
reasonable to put your stimulus check towards a trip,” said Julie Ramhold,
consumer analyst with DealNews.com.
“But if you’re trying to book something now, especially to another country,
you’re better off waiting until things return to normal again.”
Spring apparel
In the first round of stimulus checks last year, many consumers used their
stimulus checks to purchase new clothes, retail data showed.
They may have even scored deals comparable to Black Friday since retailers
heavily discounted inventory that couldn’t be sold during initial lockdowns.
This time around, you should hold off on purchasing new spring clothes, said
RetailMeNot’s shopping and trends expert, Sara Skirboll.
“March is the official start to spring and retailers are currently stocking
the shelves with new inventory that won’t be discounted for a few months
into the spring and summer,” she added.
The iPhone 12
Even though the battery on your iPhone that you’ve had for several years
might be getting consumed faster each day, if you can, don’t rush to buy
Apple’s AAPL, +2.83% latest iPhone 12 which starts at $799, experts say.
“At this point in the year, unless you need a new phone, you’re better off
waiting,” Ramhold said. “Apple will likely have its typical September event
where it announces the successor to the iPhone 12. Once that happens, we can
expect prices to drop at least a little bit on the iPhone 12, so it’s worth
holding off for now.”
(Apple didn’t respond to MarketWatch’s request for a comment.)
In general, electronics tend to go on sale on long weekends like Memorial Day
or Amazon’s Prime Day AMZN, +1.17%, Skirboll said.
Outdoor furniture
With people working from home and spending more time at home, it obviously
makes sense that folks want to be comfortable as the warm weather approaches.
But that’s why this is the wrong time to buy outdoor furniture. Demand is
high and so are prices.
Outdoor furniture tends to go on sale around Memorial Day said Keith Jelinek,
a managing director at Berkeley Research Group, an international financial
consulting firm.
Clearance sales for patio furniture tend to begin in July.
The U.S. residential outdoor furniture market is valued at approximately $1.8
billion, according to Statista.
“Waiting, if you can would yield more for your money,” he said.
機翻如下：
刺激經濟支票正在迅速進入美國人的銀行帳戶和郵箱。
許多美國人將把這些錢用於食品、房租/按揭付款和水電費等基本開支