My coronavirus stimulus check was autodeposited today. Woo-hoo! Lou got his, too.
It happened just like they said it would. Even though I haven’t needed to file taxes the past few years, even though I changed bank accounts and addresses since the last time the IRS ever autodeposited money on my behalf (and I hadn’t sent them my current data), they used my Social Security information and, bingo, there it is.
There’s the temptation to blow the money on a big purchase. For example, I could finally splurge on a drone. Mmmmm, no. I don’t need that.
The wise thing is to add it to my emergency fund. The Rolling Steel Tent is going to need major repairs one of these days. Or a series of minor repairs. So I transferred the $1,200.00 to my savings account, away from impulse buys.
I know, the intent was for us to pump the money right back into the economy. Sorry, they’ll have to wait for mine.