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Old 01-01-2021, 08:08 PM   #61
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We’ve been blessed this past year. This round of stimulus hasn’t arrived yet but when it does we’re giving some to our local food bank. There is plenty of need and we did the same for the first round of stimulus money.
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Old 01-01-2021, 08:32 PM   #62
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I may go out to dinner on mine once the vaccine is in wide use although it will be hard to find a nice couples night out for $45.95.
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Old 01-01-2021, 10:55 PM   #63
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It will go into our checking account and sit there like the first stimulus payment did.

That is the philosophical issue I have with the stimulus payments... most people I know, even our kids, don't really need the money (they have not lost their jobs). I would prefer that the stimulus be targeted to those who need it more... people who have lost their jobs as a result of covid, are behind on their rent or mortgage, etc. But I guess that would be too complicated.

Not really . They could just enhance / extend unemployment benefits. Not perfect, by any stretch of the imagination, but it seems a better way to deliver aid at the moment
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Old 01-01-2021, 11:44 PM   #64
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Not really . They could just enhance / extend unemployment benefits. Not perfect, by any stretch of the imagination, but it seems a better way to deliver aid at the moment
They did that too. See "Unemployment Benefits" at the following link for example:

https://www.cnn.com/2020/12/20/polit...ils/index.html
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Old 01-01-2021, 11:56 PM   #65
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Pay off some of the DW Christmas spending (11k). Need to support the economy.
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Old 01-02-2021, 06:03 AM   #66
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Half of ours went to a particular charity we support. The other half went into one of my Vanguard funds.
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Old 01-02-2021, 08:13 AM   #67
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I think I received about $15. on the last stimulus round. Decimal dust. I hope I remember to use the debit card for something.
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Old 01-02-2021, 09:09 AM   #68
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Shows pending so will hit our account on Monday. We’ll pass it on to our local homeless shelter. Happy New Year to all.
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Old 01-02-2021, 09:55 AM   #69
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DW looked yesterday and $1200 was deposited. Last batch went to supporting local restaurants and businesses. I've been thinking about buying a couple of bikes from a local shop.
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Old 01-02-2021, 12:38 PM   #70
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We did not receive either $1200 or $600 stimulus check, but I guess we will receive credits when we do our 2020 taxes. My leaning is to give to someone who needs it more than we do.
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Old 01-02-2021, 12:47 PM   #71
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Gave it to relatives that needed it more than us.
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Old 01-02-2021, 01:08 PM   #72
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Last time around we used it for specifically for charity and gifts. This time around we will just put it in our stash-o-cash for whatever.
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Old 01-02-2021, 03:15 PM   #73
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That's exactly what I plan on doing too. All those hobby shops have been having a rough time with the pandemic and all, and when people lose their jobs hobbies and entertainment are the first things that get cut back. So I'll do my small part to alleviate their pain and suffering by buying more R/C stuff.
Correction:

I have been informed by a higher authority that we are not buying R/C airplanes. We are buying new rugs for the living room and family room. Who knew?
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Old 01-02-2021, 04:36 PM   #74
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https://www.irs.gov/newsroom/treasur...s-of-americans

Looks like there’s a 2019 income limit of $75k ($150k joint) to receive.
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Old 01-02-2021, 05:12 PM   #75
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https://www.irs.gov/newsroom/treasur...s-of-americans

Looks like there’s a 2019 income limit of $75k ($150k joint) to receive.
Not so, you can still receive a stimulus check with higher income, but it will be reduced as your income increases and eventually phased out.

For me, I get nothin' - above the phase out threshold.
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Old 01-03-2021, 02:09 PM   #76
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As I posted earlier, DH wanted his $600 to have spending money for stuff. Yesterday he realized that his old hand-me-down computer monitor needed to be upgraded. He knew what he wanted and shopped online and found a great price at Micro Center. We have a store less than an hour away so he's picking one up.

He's going from a 21" to a 24" so that's a nice upgrade at a good price. It's nice to see him buy something current and new instead of the stuff he finds at thrift stores and on ebay.
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Old 01-03-2021, 02:52 PM   #77
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No individual stimulus here, but I have received CARES act payments for my small business side gig and I am waiting for applications to be opened on another program.

I'm a curmudgeon, and I don't see it as free money. The government borrowed it on my behalf and it will most likely be a factor in higher taxes sometime in the future. I put it in savings towards a future tax bill. I have had to step up for a couple family members and did put some extra in EOY charity, but there was no mental connection between stimulus and support.

I agree that there were easier (but less politically popular) ways to target the stimulus. An extension and percentage increase in existing unemployment rules would have been cheaper, easier and much more targeted but it wouldn't have placated nearly as many people.
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Old 01-04-2021, 01:24 AM   #78
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I'm still embarrassed that $600 (or, really $1200) just disappears into the checking account. We've doubled up on charity and kids this year, so we just don't really consider it until this type of thread comes along. YMMV as always.
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Old 01-04-2021, 12:55 PM   #79
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Last week I was going to write that I'd rather do my charitable giving through my DAF to make it more tax effective, and I help people in need when needed, not because I have a $600 bonus, and I wasn't going to buy something I really don't need just to spend it. But today I got a credit card notice that my monthly NY Time subscription was paid. I thought about dropping it and two other subscriptions, but realized the subsidy would cover it so I'm keeping all for at least this year.
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Old 01-04-2021, 01:33 PM   #80
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+1


Cheers!
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