Question

What are ya'll planning on doing with the checks theyre sending? Just curious  

Answer 1

I’m not counting my chickens before they hatch.  

Answer 2

Put it towards the money I spent for all this.  

Answer 3

Saving it.  

Answer 4

Bills since we both got layed off until further notice and we’re expecting in June

Answer 5

Savings just in case my husband gets laid off soon.  

Answer 6

What check?!  probably not getting one  

Comments

@elvaelvah every person with a social security number is getting a check to help during this time. $1200 per adult and $500 per child as long as you don't make over a certain amount on the last taxes you filed.  

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@countercharge I make too much. so I will not be getting one  I think it’s anything over $99, 000

Answer 7

Sending it into a CD to save.  

Answer 8

Need car repairs!  

Answer 9

Pay bills

Answer 10

Not getting one.  

Comments

@languishment Boo! I’m sorry.  

Answer 11

100% of it will be coming straight to debt.  

Answer 12

I’m sure it will have to be paid back. Plus interest lol

Answer 13

Saving it for taxes next year. This is a tax advance, not just free money, so I want to make sure I have it in case I’ll owe next year.  

Comments

@gift23732 I don’t know why people keep making this up. It is not an advance. It is a credit indefinitely.  

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@tauro The government doesn’t just give free money.  

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@gift23732 you’re getting mixed up on the wording and need it simplified. You only have to pay it back if you make more in the upcoming tax year over the bracket that is set.  

Answer 14

Going to bills and upcoming bills we will be paying ahead since my husband will be furloughed for quite some time indefinitely. We already live bare bones because that’s just how we are. *Rent-car ins-streaming services-cell bill-internet *Also buying another big deep freezer because we have 5 kids and are a 9 person household so the less I have to go to the store during all this to expose us the better. We only have a small one right now and I’d like to freeze milk and other things

Answer 15

Savings and since I'm not making a full paycheck towards bills I've got to pay.  

Answer 16

Pay off a card or 2

Answer 17

Savings. Then when things pass, paying in debt.  

Answer 18

Savings and emergency fund

Answer 19

Some to CC debt. Honestly, we're doing something fun with our kids. They've been troopers through this. They deserve some fun.  

Answer 20

What cheques?  

Comments

@hbomb American stimulus checks.  

Answer 21

Putting it in my emergency fund

Answer 22

We're pregnant so we are in stork mode and using it for that!  

Answer 23

Save save save. I’m still working, hubbs is still working. but we don’t know how long that’s going to last. We have emergancy savings already, but this will double it and we just need to be ready for any uncertainties

Answer 24

Pretty sure we won’t be getting one.  

Answer 25

I own a barbershop that I had to close so I will pay the rent for the barbershop and Morgage.  

Answer 26

There seems to be confusion on the wording of these articles everyone is screenshotting and floating around. the IRS is adding a NEW line to the 2020 tax return for the stimulus. It is a NEW tax credit, therefore this won’t affect your 2020 tax liability/refund (unless in the rare case you earn significantly more in 2020 then you did in 2018 or 2019). People are saying it’s an “advance” because you’re getting the money for the NEW credit now. If you don’t receive a check for some reason, then when you file your 2020 tax return, you will be eligible to receive the $1, 200 or so credit as an addition to your 2020 refund. But if you receive the check NOW, you obvs won’t receive a refund in 2021 for the NEW tax credit because like most people you are receiving the money now. Signed- a CPA

Comments

@vegetative  thank you!  

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@vegetative any news on when they will be direct deposited?  

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@lansing1494 I have no clue! That’s up to the treasury! Hopefully soon  

Answer 27

I don’t get one because I am still working

Comments

@pithead that doesn’t matter

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@pithead if you make under $99K ($150K if married) you'll get $1200 per adult plus $500 per kid, even if you're still working.  

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I read something the other day that if you are still working you don’t get one. I’m trying to find it lol

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But of course I can’t find it lol

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@pithead you get a check regardless if your working or not. You just have to under the income bracket

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@pithead you get the $1200 stimulus. If you were unemployed you’d get $600 extra which you won’t get if you are working

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@pithead Everyone gets a stimulus check regardless of employment status at this time, unless you make more than the cutoff amount.  

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@pithead no. As long as you are Under the income requirements.  

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@pithead as long as you meet income guidelines, you get it girl. ❤

Answer 28

Save it

Answer 29

Haven’t decided yet, so it’s going towards my savings. May use it to build a fence for my puppy or to pay down student loan.  

Answer 30

Hopefully catching up on bills.  

Answer 31

Add to down payment for house.  

Answer 32

Bills and groceries since hubs can't work right now. Too many of his clients/businesses are closed.  

Answer 33

Groceries and maybe bills!  

Answer 34

It depends. save if possible. I just had to buy a home computer and now the quest is to get an at home job to pay for it. As an LMT I don’t see life going back to normal very soon.  

Answer 35

The stimulus money we are getting is for us to go spend to “stimulate” the economy! This is NOT owed back next tax session. Your 2020 refund will not be effected as far as paying it back to the government.  

Comments

@bullard2 . exactly! I don’t understand how people don’t understand this. This isn’t the first time we’ve gotten a stimulus check, Bush did it years back. It’s actually something republicans like to do.  

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@smaragdine the Obama administration did one in 2008 also.  

Answer 36

I want to buy a Juki DX7 sewing machine. Been wanting for yrs.  

Answer 37

We have a baby due in August and because of all of this we will probably not have a baby shower or anything. So, we’re going to use it to buy what we need to get for the baby and then save the rest for when I’m off of work for the summer and not getting paid (teacher)

Comments

@tonsure10 Stern I am not sure how close you are to your family and friends, but I just saw someone have a baby shower that was a little different but successful. She and her husband set up a table outside (either at their home or at the park) and had cupcakes that they could eat or take to go. There were balloons and other decorations. The parents to be were parked right there sitting in the back of their SUV to greet everyone. I think this party was more of an “open house” style. Just a suggestion if you are close with a lot of friends and family. ❤️

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@tonsure10 Stern Us too. I'm due in July and will likely not have any kind of a shower.  

Answer 38

I’m going to save mine if possible and when this is all over use it for vacation

Answer 39

Once we’re able to I’m using our money for a family vacation.  

Comments

@hanukkah nice! Me on the other hand. I'm sick of my famiy just kidding. ish! Lol

Answer 40

I'm paying off a medical bill and can't wait to get rid of it!  

Answer 41

I am actually going to treat myself and the dog. The doggo gets a new e-fence collar. I’m buying a cappuccino maker. Then anything left will be split between sinking funds and savings.  

Answer 42

Pay a little on a credit card

Answer 43

You have to file your taxes this year in order to get it right? Do they send out an email letting you know you’re going to receive it?  

Comments

@popeyed No. If you have not filed your 2019 taxes then your stimulus check will be based on your 2018 taxes.  

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@limoges I’m about to file my taxes through TurboTax. Will it show on there that I’m supposed to be getting the 1k?  

Answer 44

Save $$ pay small bills for a few months, kids summer clothes. Stock up on house hold n health n beauty items. if @languishment left put aside a few for summer fun if n when stuff opene

Answer 45

Emergency Fund.  

Answer 46

Bills  

Answer 47

Right in the bank!  

Answer 48

Some to debt, buying everything else I need for my baby that's due in 3 weeks, and seasonal clothes for my toddler. Plus anything else we needed around our apartment and some groceries for self-isolation.  

Answer 49

Savings! I am 40 weeks pregnant tomorrow. Had to cancel my baby shower and spent soooo much money buying things I’d probably be gifted. It’s getting saved!  

Answer 50

Savings since my husband got laid off due to COVID-19.  

Answer 51

Replacing my school laptop and the rest is going to savings

Answer 52

‼️Make sure your address & direct deposit information is correct on the IRS’s website everyone‼️

Comments

@deadening35881 where do you check this?  

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You can create an account on the IRS. gov website or you can verify the information from your 2018/2019 tax return matches your current information.  

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Do you have to do that if you already did your taxes this year?  

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@sapienza no, this is for people who have moved, changed banks or marital status recently.  

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@deadening35881 thsnks

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If you have already filed taxes this year you don't need to do anything. They have your current info.  

Answer 53

Saving it and paying off some bills

Answer 54

Half in savings, half towards debt

Answer 55

Baby Step 2! I’m paying off my last credit card then moving on to my car.  

Answer 56

We plan on saving half of it and using the other half on our house, things we need, each person in the house will get a want as well.  

Answer 57

1, 000 in savings and paying off our credit cards! We are so excited to be able to do that ❤️

Answer 58

Add it to the money we have saved to purchase a car.  

Answer 59

Put it straight to savings because we don’t know what’s going to happen or how long I’m out of work

Answer 60

Fund our EF and put the rest in savings

Answer 61

Straight to savings! With the extra 600/week unemployment from the stimulus bill, we shouldn't need to use our emergency fund for our normal expenses, so we're just saving every extra penny.  

Answer 62

Does anyone know when it’s actually getting direct deposited?  

Comments

@tribasic They about about 3 weeks from when they first announced. Maybe another week or 2?  

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@fail885 I heard Trump say a few days ago within 2 weeks but within could mean tomorrow or it could mean day 14. I was just wondering if it’s been said anywhere an actual date. ‍♀️

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I don’t think so. I wish lol

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I heard @tribasic 9th the first patch will be coming out

Answer 63

Savings! Trying to build our 3-6 month cushion

Answer 64

Putting it in savings to cover expenses if my husband needs to stay home.  

Answer 65

Donating it since we consider it blood money  

Answer 66

Praying that my self employed self gets one

Comments

@dachy56237 yes everyone will if you are under the threshold of $75k single or $150k married you will get full amount. Up to $99 and up to $199 from the stipulated amount for every $100 over is $5 less. If you are over them you get nothing. Everyone gets it as long as you did your taxes for 2018 and or 2019.  

Answer 67

Straight to savings :)

Answer 68

Paying bills

Answer 69

Nothing save it

Answer 70

Pay back debt, I owe my mother. Lol. Half. And the other save it

Answer 71

Since it’s for stimulating the economy; I will be spending it probably on local restaurants and businesses that are struggling

Answer 72

Saving! I pretty much stimulated Target, michaels and kiwico with as much money as I spent this past month.  

Answer 73

Paying bills. specifically the IRS. :)

Answer 74

Adding it straight to savings or pay off my 3 credit cards to be somewhat less in debt

Answer 75

Don’t have any debt so investing it into my Roth IRA

Answer 76

Sadly cc It gets paid off every month but we put a recent surgery on it soo its 3x higher than normal so we will have to pay it off. We are going to get reimbursed through our health savings account because well it got drained as well

Answer 77

Some toward a SF for house down payment, some to live off of since my husband is out of both his jobs

Answer 78

It’ll help me pay off 3 credit cards so that’s where it’s going!  

Answer 79

I’ll be saving most of it. I’m focusing on getting my emergency fund well established. I only had $1000 before and was snowballing debt. But my rent is $1900 and I am fortunate enough to be working still so I’m saving as much as I can, just in case.  

Answer 80

Emergency Fund!  

Answer 81

I have to see the $$$$ first!  

Answer 82

CC debt! Since we have a baby, we will be putting her portion in her fund we have set up  

Answer 83

I will be adding it to my emergency fund. I am trying to save up as much cash as possible. Once this is all over then plan to pay off debit.  

Answer 84

Paying down debt and setting aside for a mini vacay since we were already grounded during our vacay week 2 weeks ago.  and of course we couldnt change it because my husband is union and can't change it after the bids every year.  

Answer 85

We don’t get one

Answer 86

I’m going to use some to pay off some debt and some of it to put down as earnest money to begin building our dream home!  

Answer 87

Paying bills and buying food. possibly upgrading some of the kids clothes because they're outgrowing everything. Possibly more printer ink since i am printing work packets for My kids to keep them learning