Before You Invest: Cramer's Stimulus Check Advice

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"Jim Cramer told his viewers that they should celebrate by spending their stimulus checks wisely," TheStreet's Scott Rutt wrote in his Mad Money recap. 

"First, Cramer encouraged viewers to use their stimulus to pay off high-interest credit card debt. Second, investors must make sure they have health insurance. Nothing leads to bankruptcy faster than unpaid medical bills. Third, Cramer recommended your first $10,000 be placed in an S&P 500 index fund. Then, and only then, should investors consider investing in individual stocks for their "Mad Money" portfolios," he continued.

Read the full recap here.

Recap TheStreet Live: Everything Jim Cramer Is Watching Tuesday

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