What are you buying with your "stimulus" money?

Figured it would be interesting to see what, if anything you all are thinking of buying with the nice little check the government is sending out. I’ve really been toying with the idea of getting another rifle. Maybe a Tikka T3 lite in .270.

If I got one, it would be a new Driver.

Nothing. Bought everything I need already with my winnings from the lottery ticket I’m purchasing next week.

Pay bills, but I will not be getting one. Read the fine print to make sure you are getting one first.

RVRDUX

Replenishing the emergency fund money that we will be eating into while my wife cannot work her job.

Not eligible.

I’m gonna buy an AR15. Then I’ll send a “thank you” card to The Dems, with a pic of me holding the new rifle.

Been eyeing up a tree saddle… might be the perfect time to test one out

RVRDUX wrote:

Pay bills, but I will not be getting one. Read the fine print to make sure you are getting one first.

What is in the fine print?
Where is the fine print?

Stocks at a really low price.

Joe Scegura wrote:

Stocks at a really low price.

Smartest answer so far.

For individuals making less than $75,000 and married couples making less than $150,000, the checks will be $1,200 per adult and $500 per child under the age of 17. Those amounts phase out for taxpayers above the income thresholds, eventually zeroing out for individuals making more than $99,000 and married couples with no children making more than $198,000.

Thanks,
RVRDUX

Savings account if possible. I don’t know if we’ve seen the worst of this corona situation yet and I’d surely like to have that down the road if needed.

Hopefully nothing and it will go into the little ones bank accounts. If my job gets shut down will use it for bills if I have to.

Nada. Not eligible…but I’m thankful for that.

Scott

RVRDUX wrote:

For individuals making less than $75,000 and married couples making less than $150,000, the checks will be $1,200 per adult and $500 per child under the age of 17. Those amounts phase out for taxpayers above the income thresholds, eventually zeroing out for individuals making more than $99,000 and married couples with no children making more than $198,000.

Thanks,
RVRDUX

Amount is reduced by $5 per $100 over those adjusted gross income amounts.

gimruis wrote:

<div class=”d4p-bbt-quote-title”>Joe Scegura wrote:</div>
Stocks at a really low price.

Smartest answer so far.

Tax deferred mutual fund.

RVRDUX wrote:

For individuals making less than $75,000 and married couples making less than $150,000, the checks will be $1,200 per adult and $500 per child under the age of 17. Those amounts phase out for taxpayers above the income thresholds, eventually zeroing out for individuals making more than $99,000 and married couples with no children making more than $198,000.

Thanks,
RVRDUX

I have found that the income basis is Adjusted Gross Income from tax returns. Phased out at $5 per $100 of AGI over $75k/$150k up to $99k/$198k. Still not sure if that is 2018 AGI or 2019 AGI if you already filed before the extension to July.

Anyways I’ll probably get a stimulus check that will barely cover a large pizza… Picked up curbside of course!

I qualify.
What I buy will depend on whether the FW finds out. If she does, I’ll only be buying half as much !

eyefishwalleye wrote:

Still not sure if that is 2018 AGI or 2019 AGI if you already filed before the extension to July.

Sounds like they’ll use 2018 if you haven’t filed 2019 yet.

Dont qualify but still going to buy panoptix anyway, just to juice the economy

Joe Jarl wrote:

<div class=”d4p-bbt-quote-title”>eyefishwalleye wrote:</div>

Still not sure if that is 2018 AGI or 2019 AGI if you already filed before the extension to July.

Sounds like they’ll use 2018 if you haven’t filed 2019 yet.

… darn, there goes my pizza

I really doubt many people will be using it for a new purchase. For those lucky enough to still have their jobs, I’d bet that most will put into savings or pay down debt or some other action to help guard against the crap economy we have ahead of us.

Unlike other payments in the past, this one isn’t meant to be stimulus to encourage spending to get the economy going. This one is about helping people stay afloat.

We should qualify, and will save the money for just in case and if by October everything is clear probably take a trip south this winter.

We will use it to pay off any high interest debt we have remaining. Any money left over will be hidden in Folgers cans in the walls of my house.

gimruis wrote:

Not eligible.

gimruis wrote:

<div class=”d4p-bbt-quote-title”>Joe Scegura wrote:</div>
Stocks at a really low price.

Smartest answer so far.

Scott Gergen wrote:

Nada. Not eligible…but I’m thankful for that.

Scott

Drizzy Musky wrote:

Dont qualify but still going to buy panoptix anyway, just to juice the economy

Scrolled through the comments only to see people say things like these

A new butt , mines got a big crack in it and leaking gas

Seriously though we are talking about adding to our tax return and darn near paying off the house.

Do small business owners qualify for this?

We’d like to invest it, we’d like to donate some, but we’ll most likely save it because we do not trust the government not to decide to tax it.