Retirees will receive $4,873 in Social Security payments right before Black Friday

Many retirees are looking forward to their Social Security check dates so they can plan their shopping and take advantage of the best deals of the season. Black Friday is coming up soon. This year, Black Friday is November 29, 2024. Some people who get Social Security may get two checks in November, which could give them a little extra cash to deal with the holiday shopping temptations.

To help retirees and people in different Social Security programs plan better, here is a full look at the November payment schedule. This way, no one will miss out on Black Friday deals that are easier to get.

When will Social Security retirees payments be made in November?

In November, Social Security has more than one payment date, which depends on the type of income and the date of birth of the recipient. To help you figure out when your money will arrive, here is the full calendar:

Friday, November 1: Payments will be made to beneficiaries of Supplemental Security Income (SSI) and retirees who started receiving benefits before May 1997.
Wednesday, November 13: Beneficiaries who began receiving their benefits after May 1997, and who were born between the 1st and the 10th of any month, will receive their payment.
Wednesday, November 20: Those who also began receiving benefits after May 1997 but were born between the 11th and 20th of any month will be paid on this date.
Wednesday, November 27: Retirees born between the 21st and the 31st of any month and who started receiving benefits after May 1997 will receive their payment.
Friday, November 29: SSI beneficiaries will receive an early payment on this date, in addition to the other scheduled payments.

This routine lets retirees know when their payments are coming due, which helps them budget their spending, especially now that holiday shopping is in full swing and deals are everywhere.

Social Security payments and their amounts

Social Security payments can be very different depending on when you leave and what kind of benefit you get. Retirees may get anywhere from $1,920 to $4,873 a month, based on their specific needs. On the other hand, people who get SSI can get up to $1,415 a month.

Even though these payments are necessary to cover living costs, having two payments in November could be a nice bonus as Black Friday gets closer. It can be easier to keep track of costs and plan a budget for the holidays if you know the exact payment schedule and amounts.

Retirees will receive $4,873 in Social Security payments right before Black Friday

How to make the most of Black Friday as a retiree

Many retired people see Black Friday as a great chance to get things they need at big prices or to start their holiday shopping early. People who get their money on time for November’s two payments will be better able to plan their shopping and take advantage of the sales that many stores, both in-store and online, are having.

Plan ahead for your purchases

Black Friday has a lot of great deals, but if you’re not careful, you could end up spending too much. Planning your purchases ahead of time is the best way to avoid spending money you don’t need to. When you’re shopping for certain things, writing down what you really need can help you stay on track and avoid buying things that aren’t important.

In addition, a lot of stores start having sales before Black Friday. People who are retired and want to spread out their spending and make smarter purchases might want to keep an eye out for these early sales. You might also be able to escape the stress and crowds that come with Black Friday by shopping early.

Helpful tips for retirees during Black Friday

If you’re a retiree planning to shop during Black Friday, here are some useful tips to consider:

Make a list of what you need: This will prevent you from overspending on things you don’t really need.
Compare prices: Not all deals are as good as they seem. Be sure to compare prices across different stores before making a purchase.
Take advantage of online shopping: Many online stores offer similar or even better discounts than brick-and-mortar shops, and you can enjoy the convenience of shopping from home.
Stick to a budget: It’s easy to get carried away by sales, but remember to keep your purchases within your budget. Spend only what you can afford.

Two payments in one month: A help for retirees

Some Social Security recipients will get two payments in November, which can help them out financially, especially since November is a month with lots of sales and discounts. A lot of seniors can better plan their spending, treat themselves once in a while, or even save for the holidays with this extra money.

Retirees need to keep track of their exact payment dates in order to keep their finances in order and get the most out of their money, whether it’s to take advantage of Black Friday deals or just stick to their budget for the month.

Social Security is still an important way for millions of people in the US to make money. Planning ahead is key for retirees to get the most out of their benefits. They can use the payment schedule to meet their needs and enjoy the shopping that comes with the holidays.