Stimulus check when you're still working

I’m at an essential public utility in a nicely paid position that puts me over the Trumpbux limit, so I’m acknowledging my good fortune by kicking in more to local food banks and helping friends.

I’m doing 0 with my $0 but it’s all good, still getting paid and going to work.

Toilet paper. :stuck_out_tongue:

I’m in good shape, so it will go into the checking account to delay the time we have to get more cash from our money repository, but I’m going to spend some of it on tips when life goes back to normal. The woman who cuts my hair, who has been going without money since the place is closed down. I figure 100% tips for small restaurant bills, 50% for larger ones. More to the food bank - we’ve given $500 already. And some to the Democrats.

I think my job is pretty secure, but I’ll be holding onto mine. I’m pretty sure I am going to be scratching my online shopping itch a lot over the next three months. But I’m not going to earmark my $1200 check to that.

I’m assuming that prices will go up with every business elbowing their way to a piece of my stimcheck, so I think I’ll just save mine until $1200 is worth $1200 again.

Living in the DC area 100k is not even average wage. I make just over so will not be getting any checks. Which is too bad as I could have used it to put a new door on the house and some other things like that to give back to the economy.

This is why when people hear one makes 100k+ they think I’m rich, which I’m not. I’m solidly middle class around me.

I’m planning on moving to another apartment this summer or early fall. I’ve got money I’m saving, but my furniture is very old and beat-up. I’m going to put the $1,200 toward new furniture I will need for that apartment. But a lot can happen between now and then. For now–into my bank account it goes.

But–my younger sister got laid off, and if she’s really struggling, I’ll probably give the money to her.

They have tried as much as possible to avoid that happening. According to the analysis by Forbes:

I planned to put it in the bank, the account that my mortgage is paid from. I’m still working, and I realize that those suddenly out of work are hurt far more than I am by a lockdown. I planned to save it, but now I have some thinking to do. The Greater Chicago Food Depository comes to mind. Just me and my conscience now…

i plan to put mine in savings, ideally for whenever I get to take a vacation. More than likely though, I’ll end up using it for automotive stereo upgrades.

Me, too. Probably some Senate candidates as well.

I’m giving mine to my kids with a note apologizing for making their generation pay yet again for the excesses of mine. That money should have gone only to those who were unemployed or who had to shut down their businesses. It won’t help the local economy because almost everything local is closed. Giving it to everyone was nothing but a giant attempt to buy votes: “Sure we screwed up preparedness, but look! Free money!”

Could I use the $1200? Sure. I’m on a fixed income, and my rent is increasing. But I’m too aware of the cost to keep it.

I’m still working but my daughter is not, and she quit her job the week before it really got crazy here so she doesn’t get any unemployment. So I guess I’ll be paying her bills and mine. It’s really not that much money, not enough to make much of a difference in my lifestyle or anything. It pays a month’s bills though, and it will help us a lot.

I’m going to put it in a drawer and let it collect dust. If I owe any amount in taxes next year I’ll use it for that.

Strong disagree on this one. There is lots of evidence that the demand shock to the economy is bigger than the supply shock and that massive stimulus is needed to avoid a contractionary spiral in the economy. Financial stimulus can’t fix epidemiology, but it can blunt the economic changes.

We’re still working and in a financial position where an extra $1200 doesn’t make a meaningful impact on our budget, so we aren’t going to do anything differently. We’ve been trying to order takeout from local restaurants that we like and want to see continue, and we’ll keep doing that. Other than that, there isn’t much to spend it on right now.

My wife’s hours have been scaled back a little so I’ll give it to her. I’m working from home same as always so I don’t need the money. She’ll likely pay off a bill and give her checkbook a little cushion.

I’m buying the LEGO Star Destroyer. Denmark’s economy needs help too! :wink:

It will buy $1200 worth of whatever’s cheapest in my stock portfolio at the time.

I just stimulated the economy by needing to buy a new central AC unit. Anyone who wishes to stimulate my economy by giving me $1200 towards it will be welcome.

I hope you don’t mean that literally. Treasury checks do expire after one year. Better to deposit it in a bank account as soon as you get it and leave it there. Open a separate account if you think you’ll be tempted to spend it if you put it in your regular account.