Why we're saving our stimulus checks instead of spending the cash - Business Insider

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'We felt good about the plan we had come up with ... for a few days. But then, as tends to happen in this coronavirus environment, things changed.'

, I wasn't sure if we would qualify. As a freelancer, my income can vary widely from year to year, and I had to double check our 2019 return to jog my memory.

each month. As such, we thought that putting some stimulus money back into that account — at least half of what we had skipped so far — was the responsible thing to do.When we bought our new house in November of last year, we opened a newto buy some items for our home. Although we aren't racking up interest on the card, we do still pay a couple hundred dollars towards it every month to pay off the balance in full by the time the 0% interest offer is up.

A few more clients stopped sending me work. Stories that had been assigned prior to things getting really bad in mid-March have been pushed back or — worse — killed, which means a reduction in pay for me. Although I had originally assumed we had a handle on things, it was becoming increasingly clear that I couldn't count on our original plans.

 

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