We received our stimulus check deposit!! Gotta love the cartoon – I feel like all of them!!
Of course, it will probably need to be paid back at tax time next year. That’s what happened last time we got stimulus checks. They “give” you money (your tax dollars), and then when you do your taxes a year from now, you need to indicate this amount as having been “refunded” in advance. Last time, we owed the stimulus amount and about the same amount we paid the previous year. Not much help when you spend the stimulus check for essentials.
This time we are putting it into savings and hoping we don’t need to use it. We’ve been pretty diligent on saving for summer this year – maybe saving more than we will use if we can’t leave home. In case you didn’t realize, when teachers are off for the summer, they don’t get paid. Many take on summer jobs to make ends meet. How many are going to be able to do that this year? This is such a unique time with so many uncertainties.
We hope everyone is doing ok with all this. Stay safe!