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It's finally official. I've been waiting patiently for what seemed like an eternity (it was actually just a few weeks). Yesterday, I received notification in the mail from the I.R.S. that I should be receiving my economic stimulus payout of $600 by June 27, 2008. That's right, in a couple of days, my account should be $600 healthier.
Unfortunately, I don't plan to use it how the government intended. I would love to help stimulate the economy but stimulating my savings accounts feels so much better. I will split the money equally between my Flexible Savings Account and my Emergency Fund.
With the coming stimulus check and an extra paycheck in July, my Emergency Fund should be fully funded ($20k) by the end of next month.
WOW, a $600 healthier is not that bad and yor plan is much, much better than any designe by government the way the can benefit, not you.
I got that letter yesterday too. The part that bothered me was "if you do not recieve it within the next 6 weeks". It better not take another 6 weeks! Last April I was ready to spend it on a laptop. The urge to spend has passed and now I will pay down my mortgage instead. They should have given me the money quicker!
we will see how well the economic stimulus package helps us later in the year. while we are getting a boost in spending confidence now, what will happen later in the year when the stimulus money is all gone.
i have been blogging about this for the past month and i will continue my year long mission to blog about the economic stimulus package. 600 dollars divided by 365 days is a buck64aday.
i am the help the goverment never though they would get. I am spendning my stimulus a buck64aday.
read my story
www.buck64aday.blogspot.com