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05-02-2020, 06:02 AM
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#61
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Confused about dryer sheets
Join Date: Nov 2010
Location: Blythewood, SC
Posts: 7
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We have decide to convert it all to $100 bills and use it as tips/bonus for the staff that serves us at our local restaurants etc.. As soon as we get to go back.
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05-02-2020, 06:47 AM
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#62
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Thinks s/he gets paid by the post
Join Date: May 2006
Location: Orlando
Posts: 2,638
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We believe it needs to go into the local community soon, especially smaller businesses. We don't really think of the money as ours. It's a tool we have been given to help our community.
We still haven't gotten ours yet because we rolled over our refund the last 2 years and had to input banking info.
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05-02-2020, 06:54 AM
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#63
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: NW Pennsylvania
Posts: 1,810
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I won't be getting the stimulus (yet), but if I did, it would get categorized in Quicken as negative "Income Taxes" since it really going to be a tax credit for the year 2020. If I keep my income low enough (as I hope to do for ACA tax credits), I should get my $1200 stimulus credit paid when I file taxes next spring. That is if I'm interpreting what I read correctly and it doesn't change.
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05-02-2020, 07:39 AM
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#64
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Dryer sheet wannabe
Join Date: Mar 2019
Location: Atlanta, GA
Posts: 17
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If you don't "need" it, donate some of it to your needy neighbors through a food bank, etc.
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05-04-2020, 06:31 AM
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#65
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Dryer sheet wannabe
Join Date: Aug 2018
Location: Celebration
Posts: 13
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From Traditional to Roth
We'll be utilizing our 2.4K to pay the tax on transferring some of our Traditional IRA bucks to Roth IRA bucks. Uncle Sam is paying me to save on future taxes and, as a bonus, lower my RMD. Gift horse for us. My kids don't need it.
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05-04-2020, 06:35 AM
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#66
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Dryer sheet wannabe
Join Date: Aug 2018
Location: Celebration
Posts: 13
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Response to Rex "spend it....on anything not made in China!
Here, here....doing the same, although it isn't always easy to find what you want/need.
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05-04-2020, 06:42 AM
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#67
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,001
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Quote:
Originally Posted by PaunchyPirate
I won't be getting the stimulus (yet), but if I did, it would get categorized in Quicken as negative "Income Taxes" since it really going to be a tax credit for the year 2020. If I keep my income low enough (as I hope to do for ACA tax credits), I should get my $1200 stimulus credit paid when I file taxes next spring. That is if I'm interpreting what I read correctly and it doesn't change.
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If I were going to get it, that would be an OK way to characterize it, which for me simply increases my available income for spending.
__________________
Retired since summer 1999.
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05-04-2020, 07:38 AM
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#68
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,793
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I hope it doesn't sound too flippant, but I just no longer consider $2500 a "significant" change to (even) my checking account, let alone my NW. We gave our son 4 times that (just before Covid19) to help him move. If $2500 were significant (in the real sense of the word) I probably would still be w*rking, heaven forbid! Obviously, I understand that I (and many here) are very unique in having put our financial houses in order. I actually stand to come out ahead (on a monthly inflow/outgo) basis. First, there's the $2500 in and practically nothing going out for fuel, restaurant meals, toys, junk, travel, stuff, etc. etc. The only thing we've bought in the past 2 months (other than utilities) is groceries. I feel for pay-check-to-pay-check folks. I haven't been one of those folks for 50 years (THANK GOD! - Seriously!) YMMV
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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05-04-2020, 02:19 PM
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#69
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Full time employment: Posting here.
Join Date: Jun 2018
Posts: 929
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We split ours. Mine I added to savings acct and spreadsheet for a house project. DH wanted his for hobbies so I journaled it for him to charges hobby expenses against
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05-08-2020, 07:09 AM
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#70
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Dryer sheet aficionado
Join Date: Oct 2006
Posts: 37
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Quote:
Originally Posted by themillerman
If you don't "need" it, donate some of it to your needy neighbors through a food bank, etc.
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Gave some to college headed GKs and donated the rest. Good feeling!
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