Lesson learned vicariously:
Don't spend money before you have in in your hands/bank account. I am saying this mainly because of this stimulus payment we got awhile back.
Why in the world would you already schedule spending that money when it's coming from the federal government? Federal Government typically pays bills 90 days from the date of service. What are you going to say about it, anyway? You really aren't going to "repo" product back from them. Do you want an audit?
How long does it take you to get your tax return back? Ok then, add another month to that, and that's when you might get your stimulus money. Maybe then, you can schedule spending it. Do not already obligate those funds to something/someone. You can't guarantee it will happen. It's not like a predictable paycheck.
That was a mild example, but you get the picture. Well, I do, at least, and that's what matters, because this is MY list of what I have learned. Go make your own. =)
Why in the world would you already schedule spending that money when it's coming from the federal government? Federal Government typically pays bills 90 days from the date of service. What are you going to say about it, anyway? You really aren't going to "repo" product back from them. Do you want an audit?
How long does it take you to get your tax return back? Ok then, add another month to that, and that's when you might get your stimulus money. Maybe then, you can schedule spending it. Do not already obligate those funds to something/someone. You can't guarantee it will happen. It's not like a predictable paycheck.
That was a mild example, but you get the picture. Well, I do, at least, and that's what matters, because this is MY list of what I have learned. Go make your own. =)
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