What are YOU doing with your stimulus money?
This is a discussion on What are YOU doing with your stimulus money? within the Bob & Terry's Place forums, part of the The Back Porch category; Originally Posted by The Old Anglo
Retired on SS and a coupla small pensions,got it yesterday and banked into savings. I may need it to ...
April 17th, 2020 08:24 PM
Please Remember NOVEMBER 2020.
Originally Posted by The Old Anglo
April 18th, 2020 08:56 AM
The way I understand it the whole idea behind a stimulus payment is that people are supposed to spend it, hopefully on American made goods, and thus help restart our economy. And that is exactly what I intend to do. Whenever I get it that is. I think those of us on SS are at the back of the line.
I'd tell you what I intend to spend it on, but I'm not allowed.
Originally Posted by ShooterGranny
April 18th, 2020 09:54 AM
Similar here, I'm banking it now, then it's going to my estimated taxes (x2) due in JUL. This time of year generally sucks money wise anyway. I normally pay FED and State income, along with the 1st QTRLY estimated taxes due on 15APR, then on 20MAY I've got 1/2 of my property taxes due.
Originally Posted by tahmail
My dad used to say, "you've got to make money to pay taxes", but when watching it go out, it's not much of a consolation....
April 19th, 2020 02:27 AM
Half the value of our welfare deposit I owe in 2019 taxes but I was gonna pay that no matter what. I've decided to put half of it in the stock market, and the other half will just sit in my checking account to deal with the what ifs. I don't live paycheck to paycheck and don't need it to survive this. I'm also not going to try to send it back.
Eventually these trillion dollar hand outs are going to catch up to us as a society when more and more folks begin to realize our "money" is just a figment of everyone's imagination. For now people still give me stuff for it so I'll continue to use it. I don't look at it like some as a tax "refund" of sorts. We've spent so much money that our taxes are never going to pay this back. I just think someone at the fed just pushes a button on a computer declaring that another trillion dollars or two exists. For the time being people believe it, when they don't our $1200 - $2400 dollar "stimulus" won't even buy that roll of toilet paper that doesn't exist.
"Some people go to bed with Lucifer..........then cry, cry, cry when they don't greet the day with God."
April 19th, 2020 08:26 AM
The Speed Queen washer are great. Real heavy -duty, not just some advertising label. We had a "commercial" Maytag washer that we bought new that was junk, always giving us problems. Well, with 4 active kids we did a lot of laundry and that commercial Maytag couldn't handle it. Got a top-loading Speed Queen two-three years ago and it's handled everything we have thrown at it. It's worth the extra money.
Originally Posted by URIT
April 19th, 2020 09:13 AM
putting it back into the grocery economy.
May 19th, 2020 06:34 PM
Since the stimulus money handout is a total scam, we're putting ours, just received yesterday, into savings, to help us pay our income tax burden for 2019.
Total scam? Certainly it is.
Where does the money come from?
There's two possible sources: It's either money which you gave the government as part of your taxes, or it's money that the government never had, and created by merely printing more of it. Or it's a little of both.
In the first case, it's been your own money all along; or, worse, if you didn't pay income tax last year, it's someone else's money, and it shouldn't've been given to you. Giving you someone else's money is a perverted form of Socialism, which disincentivizes working for a living, and which destroys the nation's economy.
In the second case, when the government prints more fiat money (fiat money: it has no intrinsic value), and you accept it for use and use it, the process artificially inflates the money supply, and thereby causes the money that you have to lose its value.
Although our government is convinced that "just a little bit of inflation" is good for our economy, it isn't really true. Inflation means that our money loses value on almost a daily basis, buying less and less of what we need. It also means that we retired folks, living on fixed incomes, will eventually end up unable to afford the costs of life.
So we're saving our stimulus money to use in paying our income tax burden, thereby short-circuiting our government's neat little pseudo-stimulus scam.
Retired Leathersmith and Practical Shooter
"Qui desiderat pacem, præparet bellum."
May 20th, 2020 09:32 PM
The spouse and I received the checks via direct deposit. We decided to donate the money to needy individuals which we did.
May 23rd, 2020 11:45 PM
Paying taxes or using it for all the prep stuff we have bought with it this past couple of months. First aid kits, batteries, water filters, ...just the general things and get the bug out bags ready. With so many people so close together I don’t think bugging out at home would work here for a very long time, provisions would run out I believe.
A very large bonus for us was the lesson of what we needed and didn’t need (and how certain politicians will behave) - this was a great dry run for a lot of folks, but a terrible one for others. It has costed folks a bunch, not only lives and money and emotionally but it has literally ripped apart families. I keep reading about young folks killing themselves, the lesson we have learned has not been worth what it has cost imho.
my 2 cents
“FIRST DO NO HARM”, The forgotten creed and a profession that is licensed to kill by our government.
Independent voter [earn my vote Bubba!]