Update: How to score two SSI checks in December with 2025 COLA adjustment applied
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This December, SSI recipients will get two checks instead of one. This rare event is due to the timing of the calendar and the 2025 COLA adjustment.
It’s a holiday surprise that could help with managing finances this season.
The first of the two checks in December is actually the regular payment for November, which is scheduled to be deposited on November 29, 2024.
However, due to the timing of weekends and holidays, this payment will arrive in December.
For those without Direct Deposit, this check will be received in early December, just in time for some holiday shopping or year-end expenses.
The second check is a welcome addition for SSI recipients this December.
It's the January 2025 SSI payment, which includes the COLA increase.
This check is scheduled to be mailed on December 31, 2024, but those with Direct Deposit will see the funds in their account on the same day.
To ensure you're set to receive both checks in December, here's a simple checklist:
1. Verify your Direct Deposit: If you haven't already, consider setting up Direct Deposit. It's secure, convenient, and ensures timely receipt of your payments.
2. Mark your calendar: Keep track of the November 29 and December 31 dates. Knowing when the funds are expected can help you plan your budget effectively.
3. Budget wisely: With two checks in one month, it's tempting to splurge. Remember to prioritize your needs and consider saving a portion for leaner months.
The COLA is designed to help SSI recipients keep up with inflation. It's calculated based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which tracks the cost of living changes over time. For 2025, the COLA is set at 2.5%.
Here's how the COLA impacts your finances:
Let's celebrate the end of the year with smart financial moves that set us up for success in 2025 and beyond!
How do you plan to use the extra SSI check this December? Do you have tips for managing a double-payment month? Share your plans and advice in the comments below.
It’s a holiday surprise that could help with managing finances this season.
The first of the two checks in December is actually the regular payment for November, which is scheduled to be deposited on November 29, 2024.
However, due to the timing of weekends and holidays, this payment will arrive in December.
For those without Direct Deposit, this check will be received in early December, just in time for some holiday shopping or year-end expenses.
In December 2024, SSI recipients have the chance to receive two payments in the same month—one being the adjusted check with the 2025 Cost of Living Adjustment (COLA). Image source: Jonathan Borba/Pexels.
The second check is a welcome addition for SSI recipients this December.
It's the January 2025 SSI payment, which includes the COLA increase.
This check is scheduled to be mailed on December 31, 2024, but those with Direct Deposit will see the funds in their account on the same day.
To ensure you're set to receive both checks in December, here's a simple checklist:
1. Verify your Direct Deposit: If you haven't already, consider setting up Direct Deposit. It's secure, convenient, and ensures timely receipt of your payments.
2. Mark your calendar: Keep track of the November 29 and December 31 dates. Knowing when the funds are expected can help you plan your budget effectively.
3. Budget wisely: With two checks in one month, it's tempting to splurge. Remember to prioritize your needs and consider saving a portion for leaner months.
The COLA is designed to help SSI recipients keep up with inflation. It's calculated based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which tracks the cost of living changes over time. For 2025, the COLA is set at 2.5%.
Here's how the COLA impacts your finances:
- Individual recipients will see their maximum payment rise from $943 to $967.
- Couples will see an increase from $1,415 to $1,450.
Let's celebrate the end of the year with smart financial moves that set us up for success in 2025 and beyond!
