Saving my Stimulus Check. ($1400)

@payout (3794)
United States
March 14, 2021 1:41pm CST
I'm sure we're all aware of the recent news of the stimulus check being passed. Well, I don't have any plans coming up, maybe do some yard work. It's extra money, so I'm just going to save the money and transfer it over to my savings. Savings account that's another discussion, but the interest rates are trash right now. Which usually means the banks/government wants you to spend money. (Cycle it) Do you have any plans for your stimulus check?
4 people like this
4 responses
@moffittjc (118204)
• Gainesville, Florida
14 Mar 21
Wow, they're already sending out the stimulus checks? That was fast.
3 people like this
@payout (3794)
• United States
14 Mar 21
From what I've heard yes, but I haven't received mines yet. No rush here. lol
@moffittjc (118204)
• Gainesville, Florida
14 Mar 21
@spiderdust For real? Wow, that's great.
1 person likes this
@spiderdust (14744)
• San Jose, California
14 Mar 21
Some people (including a mutual friend of ours) already have stimulus check deposits pending in their bank accounts!
2 people like this
@spiderdust (14744)
• San Jose, California
14 Mar 21
My check is only going to be $600, and I don't know why. I assumed that everyone was getting at least $1400!
1 person likes this
@payout (3794)
• United States
14 Mar 21
What?! how, when? What? Did they change the terms last minute or something?
@payout (3794)
• United States
14 Mar 21
@spiderdust - Hmm... I understand, I received a letter in the mail reminding me that the $600 they've sent shouldn't be considered as income when filing your taxes.
@spiderdust (14744)
• San Jose, California
14 Mar 21
@payout Yes, my letter said something similar.
@porwest (78726)
• United States
14 Mar 21
Mine will go straight into investments. I have no need for the money either. I feel the same about savings. I am beginning to become cautious about the markets, but I much prefer dividends.
1 person likes this
@payout (3794)
• United States
14 Mar 21
That's good, yeah I thought about investing in mines as well. I agree, there's a lot of uncertainty with everything going on. Hint: Why Crypto is becoming more and more popular.
1 person likes this
@payout (3794)
• United States
15 Mar 21
@porwest Haha!! I understand.
1 person likes this
@porwest (78726)
• United States
14 Mar 21
@payout I will not touch crypto with a ten foot pole.
@CarolDM (203478)
• Nashville, Tennessee
14 Mar 21
Going to savings here.
1 person likes this
@payout (3794)
• United States
14 Mar 21
Sounds good, use it later.
1 person likes this