SSI or Supplemental Security Income is a benefit from Social Security. It helps seniors, people with a disability, or blindness with their financial situation. Therefore, to collect these payments you must have low income and resources. Even some children are eligible and can claim SSI benefits. These payments usually come at the beginning of each month.
For instance, those who qualified for SSI benefits got their last payment on May 1, 2023. However, if you check Social Security’s Schedule for payments, there seems to be no payment during the month of July. This is because payday is on a Saturday. When payday falls on a holiday or at the weekend, beneficiaries collect their checks the previous business day.
Therefore, during the month of June, SSI beneficiaries will collect two checks. One is for June, and the second one is for the month of July. You will still collect 12 checks during the year, so there is nothing wrong with this additional payment. It is just the way Social Security arranges them. If you collected SSI in March, the same thing also happened back then.
Social Security will send SSI checks to thousands of recipients in 8 days
SSI checks are worth 914 dollars and you will be able to enjoy this Social Security benefit in just 8 days. It will be on Thursday. While the second check from July will arrive on Friday, June 30. Knowing beforehand when payments are due helps you manage your budget. In this way, you can make arrangements for grocery shopping, bill payments, and saving.
Saving and investing part of it is vital to make your nest egg as large as possible. It does not matter if you are a worker or getting retirement or SSI benefits. Making the most of your money is key to keeping up with the pace of soaring prices. If you do not plan your budget, you will end up wasting your money. Having a family to take care of is another motivation to save.
How much money will we get if we are an eligible couple for Supplemental Security Income?
If you have never collected SSI before, you may not know that eligible couples get $1,371 per month. You will also receive two checks in June. One of them at the beginning and the second one at the end of June. Of course, one is for the month of June and the other one is for July. There is another group of people who could collect SSI benefits in 2023.
Apart from individual filers and eligible couples, there is another SSI payment for essential persons. It is for those people who look after someone who gets a check from the Supplemental Security Income program. This monthly payment is a check worth 458 dollars informs SSA. Bear in mind that you will also get two checks in September and December.
It is a great idea to plan your monthly expenses, set goals and achieve them. This will motivate you to carry on saving. Use cash rather than debit or credit cards. In this way, you will be able to know how much you are spending. In a short period of time, you will have been able to save more money than you expect to. Do not put it off and start saving your SSI money today.