Are you stimulating?

[Jeff V]

I'm in the middle of refinancing/restructuring debt in a manner that substantially increases cash flow, so paying debt will help even more.

[TheMix]

I guess we will just bank it. We don't have any plans. We actually haven't even discussed it.

[Holman]

We're banking it. There's some uncertainty about one of my jobs in the Fall, so we're going to belt-tightening mode.

[stessier]

We got our direct deposit today.

We've talked about it - some will cover the short fall for the two weeks I have to be on unpaid leave (diff between unemployment and my actual pay), some will be donated to two food bank/kitchens in the area, and some will be used to visit local restaurants more than our 1x/week. We're thinking 2-3x depending on cost and how much food we get.

The rest will be banked against the danger of more unpaid leave in the second half of the year.

[LordMortis]

I'll let know when the check is in hand and if I pay taxes on it. My retirement is trashed and I'm essentially at 50% pay rate through???? Odds are pretty good any windfall money I get is going to be ferreted away in fear. But all it takes is a roof problem or dead car to change that plan.

[Exodor]

I haven't done my 2019 taxes but if they're like 2018 I'll owe a significant amount so I'm planning to just hand it right back to the government.

[Skinypupy]

Mine showed up this morning.

Mrs Skinypupy desperately needs a new laptop, so that will be the first order of business. Rest will just go into savings, as I really have no idea what will happen with my job if this extends through the full year.

[pr0ner]

You left out a poll option - not getting a stimulus check. That's where I would fall.

I guess that leaves me with "other" in the current answers.

[Jaymann]

Roof repairs sucked up all my available cash so I have been living off credit cards for the last month. Oh boy that's where my money goes.

[dbt1949]

If we get it half will go to fixing my truck and things around the house, the rest will go to the credit cards.

[LordMortis]

You left out a poll option - not getting a stimulus check. That's where I would fall.

I guess that leaves me with "other" in the current answers.

I wonder. It depends on how they get to their top figure. If they use my 2019 return and count everything with no breaks, I might be in the essentially nothing category.

[stimpy]

Where is the "Wont accept it because Trump is not my President" option?

(It's a joke. No need to get offended....)

[pr0ner]

You left out a poll option - not getting a stimulus check. That's where I would fall.

I guess that leaves me with "other" in the current answers.

I wonder. It depends on how they get to their top figure. If they use my 2019 return and count everything with no breaks, I might be in the essentially nothing category.

They use AGI. Full check if you're at $75,000 or less in 2019 (or 2018 if you haven't filed for 19 yet), and it phases out til $100,000 for single filers. Double those numbers if you're married, and there are other adjustments for having dependent children.

[El Guapo]

You left out a poll option - not getting a stimulus check. That's where I would fall.

I guess that leaves me with "other" in the current answers.

I don't think I'm eligible either, though I haven't confirmed that yet.

[LordMortis]

They use AGI. Full check if you're at $75,000 or less in 2019 (or 2018 if you haven't filed for 19 yet), and it phases out til $100,000 for single filers. Double those numbers if you're married, and there are other adjustments for having dependent children.

If it's adjusted, then I should get something My adjusted is well below $100,000... Or was in 2019... My gross before adjustment will be considerably below $75,000 at this rate in 2020.

I guess they had to make a decision somehow and a lot of people are sweating their finances a lot more than I currently am.

[Kraken]

I expect to owe on our 2019 return, so this will cover that. The government giveth, and the government taketh away.

If they don't snatch it back, it will go in the bank. My late BIL's vacant house in Lansing is slowly bleeding money because we can't go there to clean it out and sell it.

Depending on how the tax return shakes out, I might give some of it to family members who are struggling. We don't need a windfall ourselves...yet.

[Blackhawk]

Given that I'm on disability, I should be getting the full amount, but I'll treat it as an unhatched chicken until then. My oldest won't get anything, as he's 18 and a dependent. We're having to file for disability for him, but we can't even do that until the offices open back up. So for now, he's nobody. My youngest will receive the $500, and Michelle will probably receive hers. It's a sign of how screwed up things are that we can't even be sure of who is getting what or why, and will just have to wait and see if money appears.

If it does, it is going to pay off debt.

[Ralph-Wiggum]

For whatever reason, I can't get the IRS site to pull up my info. I'm assuming it has something to do with moving recently, but neither my old address (where I filed last year) or new address work. I just keep getting notified that the information provided doesn't match their records.

[coopasonic]

You left out a poll option - not getting a stimulus check. That's where I would fall.

I guess that leaves me with "other" in the current answers.

I am "lucky" enough to have a wife that makes very little and a couple of dependents so I should be getting a decent chunk of change.

I don't have any specific use for it so it will go in the bank assuming it does show up. I went to check things on the IRS site and they say they can't determine if they owe me anything. My 2019 taxes were filed last week so they have up to date info. We'll see I guess.

[LawBeefaroni]

I don't know what I'm getting. I hand my stuff over to the accountant and he...calculates my AGI. No idea what it was. In the end I suspect I'll get something, if I do I'll probably split it between local businesses/charity and savings.

[stimpy]

Me gots today.
Gonna hang out in my account for awhile, until I can think of something to buy.

[gilraen]

Considering how much we owe in taxes this year, we are giving it right back, and then some (and some more...)

[morlac]

Might have few hundred left over after paying what we owed based on what we got which wont be the full amount. Making last years taxes a wash will work for me.

[Paingod]

The stimulus helped us zero out the cost of a $2000 car repair I recently had. It's not really stimulating anything for us that we hadn't already stimulated.

[Jeff V]

So far, 23 responses, no stimulating going on. This isn't going to bode well for subsequent windfalls if the intended results are not there.

[Paingod]

So far, 23 responses, no stimulating going on. This isn't going to bode well for subsequent windfalls if the intended results are not there.

I'm sure there are a number, a great number, maybe the best number, of people who will go out and blow this on a new phone.

[ImLawBoy]

I didn't think this one was intended to be a stimulus, but rather a bridge to help people out.

No stimulus here, so I didn't vote in the poll.

[pr0ner]

So far, 23 responses, no stimulating going on. This isn't going to bode well for subsequent windfalls if the intended results are not there.

Funny that you think there will be more checks coming.

[Jeff V]

So far, 23 responses, no stimulating going on. This isn't going to bode well for subsequent windfalls if the intended results are not there.

Funny that you think there will be more checks coming.

Seems to get talked about on the news a lot. Not counting on anything though.

[LawBeefaroni]

I didn't think this one was intended to be a stimulus, but rather a bridge to help people out.

Yeah, this was intended to help with rent, mortgage, food, etc. for people who are suddenly out of work or facing huge pay cuts.

[Kraken]

I didn't think this one was intended to be a stimulus, but rather a bridge to help people out.

It's both. Those of us who aren't losing our jobs don't have much to spend our money on while we're holed up and are too anxious to spend it now anyway. As things start to normalize, we're going to have a lot of pent-up demand and money to blow. For the millions who have lost their livelihood, of course, it's already as good as gone.

[em2nought]

Haven't received it yet, but it should cover most of what I owe the IRS for 2019

[ImLawBoy]

I didn't think this one was intended to be a stimulus, but rather a bridge to help people out.

It's both. Those of us who aren't losing our jobs don't have much to spend our money on while we're holed up and are too anxious to spend it now anyway. As things start to normalize, we're going to have a lot of pent-up demand and money to blow. For the millions who have lost their livelihood, of course, it's already as good as gone.

I don't know. We still have plenty of stuff to spend money on. My bills haven't stopped, people still need clothes, food, birthday presents, etc. Ordering out is more expensive (if you're tipping extra, as you should be). Granted, my wife and I didn't go out much previously due to TMDK (too many damn kids), but I'm not seeing much pent up demand from my household.

[Zenn7]

If I don't get furloughed/reduced hours/whatever and nothing else comes up, banking the money for now but will be using it for remodeling on house we were just starting when COVID broke out.

My wife is asthmatic, diabetic, high blood pressure (and a few other things) - very high risk. We couldn't take a chance on any unnecessary exposure such as workers coming in here. She's been in the hospital 3 times for 5 days each in the last 5 years for asthma flaring up out of control from allergies. COVID would be highly likely to put her back in and probably above the average likelihood of dying.

Once things clear up a bit so it's reasonably safe to have people come in and to this work, I will proceed with it. Won't be money I wasn't going to spend most likely, but it will be less money I have to borrow to do it (which might result in a little more getting done, so a little stimulus).

[Scuzz]

We haven't got ours yet but we owed the Feds and the state just about what we will get from the Feds with this stimulus, so it will go for taxes.

[coopasonic]

So far, 23 responses, no stimulating going on. This isn't going to bode well for subsequent windfalls if the intended results are not there.

I was going to use it as an excuse to upgrade our worst gaming PC, but then I backed into the garage door (Zaxxon's fault!) and the replacement was.... not cheap. I'm still on the lookout for a VR headset, but bored people (and scalpers - is that what we call them in this scenario?) keep buying them all.

[Jeff V]

I guess ultimately in the grand scheme of things it will help us enable a trip to the Philippines next year (provided travel becomes a thing by then). Still, money wouldn't be spent here; it's likely we'd be flying a Taiwanese airline that's had the best prices for awhile.

[Blackhawk]

I was hoping it would come in today, but apparently those on disability won't be getting theirs right away, as they have to go through a different agency. I'm really hoping it is soon. Michelle had a six-month period of unemployment that just ended last month, and all four of us had to live on my check, which means that we had to make the surplus up with the credit card. I need to get that paid back down before the interest payments eat us alive.

In other words, we spent this check over the winter to pay the bills and buy food.

[Z-Corn]

Ours was direct deposited in checking this morning and I promptly moved it to savings.

I plan on parking it there until shit blows over and then I'm buying a new stove. I use the stove every day and the one we have now is a piece of shit and we deserve better.

And I will be drinking better tequila.

[Jeff V]

And I will be drinking better tequila.

Stimulating Mexico makes Orange Monkey Man mad. He is unpredictable when he's mad.