Local accountant encourages stimulus check budgeting

BECKLEY, WV (WOAY) – Many American adults and couples are preparing to receive their stimulus checks.

Tony Martin, a Beckley accountant, is offering some tips on what to do with that money. Martin says it is important to come up with a budget while you wait for the money. 

“I would advise people to put as much of their money as they can toward some of these back bills if they have them,” he said. “Buy about two weeks of the essentials and put the rest of the money to the side for future use.”

Martin says the check will come to the bank account you most recently filed your taxes with whether it be this year or last.

Adults who make less than $75,000 a year will receive a check of $1,200 and couples who make less than $150,000 a year will receive a check of $2,4000.

Martin says individuals who make over the limit will lose $5 per each $100 that they are over the limit.

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Anna Saunders is a weekend reporter for WOAY. With a diploma from Princeton Senior High School and a mother from Fayette County, she is no stranger to the area. She received a degree in Media Arts and Design from James Madison University in Harrisonburg, Virginia and wanted to return home to start her career as a reporter.