FINANCE expert Suze Orman says there are better things you could do with your stimulus check than “spend” or “invest” it.

The financial guru warned Americans that the final round of stimulus checks would come a long way – but said it was safer to build a rainy day fund rather than spend it or pay off debts.

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Suze Orman warns people not to spend or invest their stimulus paymentsPhoto credit: NBCU Photo Bank / NBCUniversal viaInstead, she says, use the money to build an emergency fund

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Instead, she says, use the money to build an emergency fundPhoto credit: Getty

“For years I’ve always said eight months,” Orman said in a video on CNBC. “And for years you have known how many other people have left, you don’t need eight months, all you need are three months, all you need are six months.”

Orman then recounts the start of the pandemic when people thought it would be over soon.

“What happened last year? Three months would have passed in three months, and what would you have done then?” Orman says.

“Six months would have taken you. And now it’s over that eight months wasn’t even enough.”

The financial guru says the usual three or six month emergency fund is not enough

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The financial guru says the usual three or six month emergency fund is not enoughPhoto credit: GettyInstead, she advocates a 12-month security fund

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Instead, she advocates a 12-month security fundPhoto credit: Getty

Orman sums up her main point by saying, “I don’t think you can have too much of an emergency fund.”

The financial advisor says the pandemic has already lasted a year and “it still goes on,” given record unemployment rates and those struggling to make ends meet.

Among other things, Orman advocates paying off the minimum of credit card and other debts in order to “play it safe”, but actively warns everyone to increase their security funds.

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“So I think it’ll take you at least 12 months.”

“Until then, don’t take the money and pay off your car or do that,” she says. “Don’t do it, you will run out of money.”

“So the key to your freedom is to have that security, that emergency fund. Keep it right there, don’t spend it, and don’t dare use it to invest in the stock market.”

Joe Biden says 100 million stimulus checks will be sent and 100 million Covid shots will be fired in the next 10 days