Bipolar Disorder Support Group
Bipolar disorder is not just a single disorder, but a category of mood disorders marked by periods of abnormally high energy and euphoria, often accompanied by bouts of clinical depression. This is the place to talk about your experience with bipolar disorder, learn from others' experiences, and find support.
to spend money or not to spend money
that is the question
well I got a check recently from SSI. An installment payment.
I also get a letter a week later stating that this money could be counted as a resource if it isn't spent and anything worth more than 2,000$ purchased with it could be counted as a resource.
Isn't the government grand? So I can't save money even if I could save money.
Well fine by me I know how to spend money. Actually it's already spent.
this could be a problem for me as I spent 6,000 to buy a car last year and I've since poured 4 more thousand into that bomb. If they count that as a resource I'm telling them they're crazy if they think I'm selling that car after all the work I put into it! I'm sure it's valued at way less by now. Luckily some idiot smashed the front end of it (not me) so it's worth even less now. But it's probably worth more than two thousand still.
that is the question
well I got a check recently from SSI. An installment payment.
I also get a letter a week later stating that this money could be counted as a resource if it isn't spent and anything worth more than 2,000$ purchased with it could be counted as a resource.
Isn't the government grand? So I can't save money even if I could save money.
Well fine by me I know how to spend money. Actually it's already spent.
this could be a problem for me as I spent 6,000 to buy a car last year and I've since poured 4 more thousand into that bomb. If they count that as a resource I'm telling them they're crazy if they think I'm selling that car after all the work I put into it! I'm sure it's valued at way less by now. Luckily some idiot smashed the front end of it (not me) so it's worth even less now. But it's probably worth more than two thousand still.
Which it's mostly spent I owe my kids money. BIG money.
I just thought it odd that the government wouldn't encourage saving like it says it does.
I got a large SSDI settlement last year, and most of it is sitting in a savings in my fathers name. I am saving to buy a condo through HUD and need about $6000 more.
Technically, he is my payee, and it is his job to make sure my needs are taken care of. So this is his way of making sure I do not spend the money.
Don't know that much about the money side of SSDI but I know many of my clients use trust funds to stash away money to keep their SSDI.
Do you need a car & or insurance!! bills are a necessity get out from under perhaps...
Maybe savings bonds?
I didn't know I could do that. I hope that works.