7/7/2023 0 Comments My checkbook appI was prepared to argue that you should - even though I quit because it was giving me an ulcer. And I drank the Pepto Bismol-flavored Kool-Aid for a while. That’s what most of the articles that come up when you search for “do you need to balance your checkbook anymore” say. In the interest of full disclosure, when I pitched this article, I was going to make the misinformed and frankly disingenuous argument that everyone still needs to balance their checkbooks. What is the worst that could happen?ĭo You Still Need to Balance Your Checkbook? And no matter your generation, from Zoomer to Boomer, including that one oft-forgotten generation and the one people can’t stop blaming for killing things that sucked anyway, we all have to be asking ourselves one vital question: Do we really need to balance our checkbooks anymore? Like, honestly. Or maybe it was this one time in a high school blow-off class you kinda wish you hadn’t blown off called something like “life sciences” where the teacher (most likely a coach) taught you things about personal finance and laundry or something.Īt some point in your life, you’ve probably balanced a checkbook or seen someone do it. For instance, April 1 fell on a Saturday this year, so SSI recipients received their April payments a day early on March 31 and their Social Security payment on April 3.Maybe it was you in your dorm room at college. However, those payment dates change if the first or third day of the month falls on a weekend or a holiday. Instead of getting your payments on a Wednesday, you'll receive your Social Security payment on the third day of each month and your SSI on the first day of each month. If you received Social Security benefits before May 1997, or if you receive both Social Security and SSI, the payment schedule is different. Read more: Turning 67 in 2023? What to Know Before You Retire What if I receive both Social Security and SSI? Payments for SSI recipients generally arrive on the first of each month with a few exceptions we get into below. If your birthday falls between the 21st and 31st of the month, your payment will be sent out on the fourth Wednesday of the month.If your birthday falls between the 11th and 20th of the month, your payment will be sent out on the third Wednesday of the month.If your birthday falls between the 1st and 10th of the month, your payment will be sent out on the second Wednesday of the month.Which day you receive your check depends on your birth date. The Social Security Administration typically sends out payments on the second, third and fourth Wednesdays of each month. How are Social Security payment dates determined? May 24: Social Security payments for those with birthdays falling between the 21st and 31st of any given month.May 17: Social Security payments for those with birthdays falling between the 11th and 20th of any given month.May 10: Social Security payments for those with birthdays falling between the first and 10th of any given month. May 3: Social Security payments for those who receive both SSI and Social Security or have received Social Security since before May 1997.Here's the May schedule (PDF) for when you should get your Social Security check and/or SSI money: When will I get my May Social Security check?
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