In August 2024, some Social Security funds have already been sent to millions of people in the United States. These payments are very important for many families, so it’s important to know when they’ll come due to keep your budget stable. Keeping track of the bills that have been made and those that are still to come is important to avoid any money problems as the month goes on.
Not only have I been getting regular Social Security checks this month, but I will also be getting an advance payment from SSI at the end of the month because September 1 is a Sunday. Here is a full list of everything you need to know about the August 2024 payments, both those.
Key Social Security payment dates in August 2024
August 1 was the first day that people who get Supplemental Security Income (SSI) got their monthly payment. People with disabilities, limited incomes, and those aged 65 and up can get help from this service. For millions of people, this first payment is very important because they need it to pay for things like food, rent, and basic services.
People who have been getting their Social Security salary since before May 1997 got their monthly payment on August 2. This group of recipients has relied on these funds for decades and can now use their money to pay for their August costs.
For people born between January 1st and October 10th of any given month, their first Social Security payment came on August 14. The on-time payment gave recipients peace of mind that they could pay their bills because they knew they would have money coming in.
On August 21, people born between the 11th and 20th of any month got their second normal Social Security payment of the month. The payment should already be in these people’s accounts, which will help them manage their money for the rest of the month.
What’s still ahead: the final August payment
People who were born between August 21 and August 31 will get their regular Social Security payment on August 28. This is the last normal payment of the month, so people who are supposed to get money should be extra careful that it gets to them on time and without any problems.
The early SSI payment for September will be made on August 30. The payment will be made on this last work day in August instead of September 1, because September 1 is a Sunday. This advance is very important for people who depend on these funds to meet their early-month needs without any delays.
Maximizing your Social Security and SSI benefits
Just having the payment dates in mind is the first step. Also, it’s important to know how your Social Security and SSI payments are calculated so that you can get the most out of them and plan your finances well.
Social Security condition Insurance (SSDI) is for people who can’t work because of a condition that Social Security recognizes. The amount of SSDI a person gets depends a lot on how long they have worked.
The monthly payment goes up if the person had a good background of income before becoming disabled. As of August 2024, the most you can get from SSDI is $3,822.
To get the most out of your SSDI payments, it’s important to keep all of your work history paperwork in order and make sure that all of your information is correct. This can keep you from having to wait or have problems getting paid.