Using Your Stimulus Check
DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!
4.6 • 858 Ratings
🗓️ 1 April 2020
⏱️ 7 minutes
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| 0:00.0 | Hey there, this is Daniel. Thanks for listening to DIY Money. Now, if you haven't already, be sure to give us a five-star review so your friends know that this is a show that they can learn from. Follow us on Instagram at DIY.money. Now, enjoy this episode. |
| 0:20.3 | Welcome back, ladies and gentlemen. |
| 0:22.1 | You are listening to another edition of DIY money. |
| 0:28.0 | DiI. Money. |
| 0:29.8 | All right, I hope everybody's hanging in there, staying safe. |
| 0:33.3 | We will get through this. |
| 0:34.9 | We will get through this. |
| 0:36.5 | If you are listening to this a few years out, as you are backtracking through episodes, this is being recorded on April the first 2020 in the midst of the coronavirus quarantine. |
| 0:48.7 | Again, hopefully you are all staying safe. |
| 0:51.1 | We are going to continue to bring up to the top of the queue, any question |
| 0:56.6 | related to the coronavirus or the stimulus or tax questions regarding this specific time period, |
| 1:05.3 | unemployment benefits, you name it. So if you have a question regarding anything time sensitive, |
| 1:10.5 | please do send that |
| 1:11.3 | our way. And we will bump that to the top of the queue. And as always, if we use that on the show, |
| 1:17.1 | we will send you a $25 Amazon gift card. We've got a great question today from Matt in Mississippi. Matt, |
| 1:26.8 | what do you got? |
| 1:27.6 | D-I-Y! |
| 1:29.7 | Hey guys, Matt from Mississippi. I just want to say that I love the show. My question is about |
| 1:35.5 | this thing that is this bill. So my wife and I make right under the $150,000. We have a |
| 1:41.2 | six-month emergency fund. And from looking at the bill, we should get $34,000 because I do have two children. |
| 1:48.6 | My question is, can I put that $34,000 into a traditional IRA, or can I put it into my children's impact college savings plan and then claim that as an income deduction on my 2020 taxes. |
| 2:04.5 | Thank guys. |
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