Nov
25
No Stimulus Checks Yet
November 25, 2008 | 5 Comments
Many people have asked about the status of another stimulus check. What is the status of another payment? Are we likely to see another stimulus package?
The short answer is probably not. The first stimulus check took a massive effort.
The stimulus check helped a lot of people catch up on bills, spend frivolously on toys and gadgets and some others just went on vacation and got drunk.
I think lawmakers are hesitant to pass another …
Oct
22
Fed Chief Pushes for Another Stimulus Package
October 22, 2008 | 5 Comments
Ben Bernanke, Chairman of the Federal Reserve (the bank's bank) told Congress he supports another stimulus package. What does this mean for you?
In testimony before congress Bernanke said that he supported another stimulus package. President push also supported another stimulus package. However, Bush wants the new package to be "targeted, temporary and timely."
What is the Plan?
Right now the plan is still taking shape. Any stimulus plan would have to go through Congress and the …
Sep
17
No Second Stimulus Payment Yet
September 17, 2008 | 7 Comments
There is no second stimulus payment as of right now. There have been rumors and several law makers like Chucky "Cheese" Schumer have been lobbying for another payment.
However, both presidential candidates have come out against another stimulus payment. Obama wants a different program instead of sending money directly to people who could use it, he wants the money to go to the state and federal …
Jul
11
What Happens to My Stimulus Check If I Move?
July 11, 2008 | 8 Comments
Expecting your stimulus check but you've moved since you've filed your taxes ? There are a few things you need to do to make sure you get your stimulus payment.
According to rumors on the internet, the post office is not supposed to forward mail from the IRS. However I have yet to find an authoritative source that supports this.
If you've moved since filing your return, you should put in a change …
Jun
10
6 Ways to Spend Your Stimulus Money
June 10, 2008 | Leave a Comment
By now a majority of Americans have received their stimulus payments from the IRS. If you're wondering what to do with that money, I have some suggestions.
Start an Emergency Fund.
Everybody needs an emergency fund. Dave Ramsey recommends at least $1,000 until you pay off your debts then you need 3 to 6 months of income. I recommend you put as much as you can into an emergency fund. In reality $1,000 is a good start but …
Jun
8
I Received My Stimulus Check
June 8, 2008 | 4 Comments
I finally received my stimulus check in the mail yesterday. It came when it was supposed to. With all the horror stories readers have reported, I was a little worried.
However, the check appeared right on time and for the correct amount. We signed it and put it in the bank.
Now what are we going to do with the check? Big screen TV? New furniture? New computer? No. Something else completely.
I'm stashing my …
Jun
3
What Does the Stimulus Notification Letter Look Like?
June 3, 2008 | 4 Comments
If you're still waiting for your stimulus payment, you'll want to be on the look out for a notification letter from the IRS. I just got mine. I decided to scan it in so you'd know what to look for.
Here it is in all its government envelope glory:
I've scanned in the letter I received also, but I'll upload that later. I need to read it over first. I'll post the text of the letter once I've scanned it in.
Make …
Comment by Chris: …
Jun
1
Where's My Stimulus Payment Tool Worked For Me
June 1, 2008 | 1 Comment
Are you one of the people who've tried to use the " Where's My Stimulus Payment " tool on the IRS website? Did it not work for you? I've had many people report that it didn't work for them, so I decided to try it myself.
Remember that unless you payment is scheduled to be mailed (or deposited) it won't show up on the "where's my stimulus" site.
You should check the Payment Schedule prior to using this application since your payment information …
May
27
You're expecting a stimulus payment check from the IRS. You filed a joint tax return for 2007. However, you're now divorced and the check is in both of your names. What do you do?
Well, like most checks that are made out to two people, most places (banks, etc) will require both signatures to cash the check. The key here is to understand the difference between AND and OR. If the check is made out to …
May
6
How I Spent My Stimulus Payment
May 6, 2008 | 6 Comments
With all the serious questions about the I RS Stimulus Package, I was getting a little burned out. I thought I'd take a break from the serious stuff and instead look at the other side. What are people spending their stimulus payment on?
I came across this website where people are posting about how they spend their stimulus payment. How I Spent My Stimulus is fascinating. The sheer variety of posts is amazing.
People have spent …