As per the laws issued by the IRS, people who opted for direct deposits on their 2007 income tax returns will get the payments of up to 600 ($1,200 for married couples) plus $300 for eligible children younger than 17, throughout the spring and summer.

The first cycle of paper checks will be mailed out by the IRS starting from May 9. The taxpayer who opted for direct deposit first will get the payment sooner by mail. Tax payers who submitted their returns before April 15 will be the first one to get the checks. Those who did not submit within the due dates may see their economic stimulus payment schedule later than the scheduled dates.

People who submitted their tax returns to be processed before April 15 will get the direct deposits transmitted to your bank account according to the following schedule.

If the last two digits of your social security number are ending with 00 – 20, then you will receive the economic stimulus payment deposit by May 2.

• Social security # ending with 21 – 75 – direct deposit will be deposited by May 9

• Social security # ending with 76 – 99 - direct deposit will be deposited by May 16

People who want to get their direct deposits by paper check, will receive the check within the following dates.

• Social security # ending with 00 – 09 - May 16

• Social security # ending with 10 – 18 - May 23

• Social security # ending with 19 – 25 - May 30

• Social security # ending with 26 – 38 - June 6

• Social security # ending with 39 – 51 - June 13

• Social security # ending with 52 – 63 - June 20

• Social security # ending with 64 – 75 - June 27

• Social security # ending with 76 – 87 - July 4

• Social security # ending with 88 – 99 - July 11

IRS is going to send notices to the taxpayers who have filed their 2007 tax return and are eligible for the economic stimulus payment. It is suggested to keep these important papers documented and should be retained by the taxpayers.

You might find an account in the name of THD/CBSD reported on your credit report. If you are not sure about this account, you must dispute this item with the credit bureau reporting it. THD/CBSD stands for The Home Depot / Citibank South Dakota. If you are seeing this item reported on your credit report, it might be possible that you were having a Home Depot credit card from Citibank and your previous payment history is showing up on your credit report. If you are seeing this item by error, you must report it to the credit bureau or contact Citibank for disputing this item.

However, if this item is found to be correct, then you must repay this account to see a positive effect on your credit report. Call Citibank and put your payment proposal. Tell them that you have all intentions to pay this account as soon as possible. Once you have paid off this item, your credit scores will improve.

If you had an account with THD/CBSD and have paid it off, but showing as not paid, then you have to dispute the item either with the credit reporting agency or contact Citibank to resolve this error.

The toll free number of THD/CBSD is 1-866-875-5488. You may call the customer support for more information.

In most of the cases, Citibank tries to collect the balance from the customer by working out a payment plan. In case, they are not able to recover the money, they forward the account to some outside collection agency.

It is often tough to work out a settlement plan on a Citibank account. They will usually like to settle the account on their terms, rather than agreeing with your terms. Hence, many people leave the account as unpaid until it is sent to collections. It is often easier to negotiate with the outside collection agency than Citibank.

I got a nice 4 percent APY online savings account from Washington Mutual with a free checking account. I find it very interesting because I have a savings account with Brick and Mortar WaMu that pays me only 0.50% interest.

I get the benefits of free ATM cash withdrawals with the new savings and checking account. I can start with an opening balance of $1. There are some more benefits like other banks like cash back for debit purchases, free checks for life. One thing that I find attractive is the free overdraft/NSF fee waiver program every year. Other banks charge a lot of NSF/Overdraft fees. I have the facilities of free outbound wire transfers and a high yield 4% interest savings account.

There are several great features offered by WaMu along with services. The sign up process for a new account is very simplified. Besides, there are security features so that the online transactions remain protected.

There is a 24 X 7 online banking facility so that I don’t have to wait for my monthly statements to be mailed. This helps in balancing the checkbook. I find it very easy when everything is just one click away from a mouse. I don’t have to pay any charge for these numerous services.

I can also pay my utility bills online. I don’t need to pay any fee for these services. They are offering it to attract large number of consumers. I can schedule a day for certain bills to be automatically paid. I just have to call the customer care and give standing instructions. I know there are other banks that charge a certain percentage for this kind of service.

You can order a new checkbook online. This is an ideal feature for people who don’t have the time to go to the banks to put such small requests. A few of the others features that I get to enjoy with my WaMu account is the online stop payment on a check, get a copy of a paper check returned to my address.

With so many added features with WaMu and the 4 percent interest rate, I am sure many people will be interested towards opening accounts and enjoy the variety of services.

If you think that in order to be financial successful, it has something to do with money, stocks, bonds, asset allocation and retirement plans, then it is not always right. Of course, these do matter in the long run, but let’s not confuse financial tools with the basic fundamentals. Everything lies on the preparation, planning, and the relationship that money has on the other aspects of life.

• Five basic financial fundamentals:

1) Set your financial goals: How do you want to be after let’s say 5 years or 10 years? You need to create action plans right from today in order to be able to achieve your goals and financial success. Just a simple calculation, if you want to save $1 million in fifty years, you need to invest $140 each month at 8 % return. What do you think?

2) Interactive communication: Get your family and friends involved. If one member of your family is spending more than what you are saving, it is having a negative effect on your total finance. If another member is spending as much as you are saving, the net progress is zero. To achieve your financial goals, everyone in the family needs to work together. You all can take different paths but your goals or the destination should be the same.

3) Commitment or motivation: If you are trying to do something, make sure that you know your plan of actions. Your chances to achieve your goals will be better if they are personal. If that means that you have to take baby steps, do it and reward yourself frequently.

4) Planning for the unexpected: Unexpected things can happen anytime and your financial road map or budget can get affected because of this unincidental event. Incorporate the unexpected expenses into your plan. You never know when a situation can turn bad but if it does, then you should have ways to come out of it.

Don’t stay far away from your personal happiness: Set your goals and when you finally achieve it, you have every reason to be happy. But there is no reason you can’t enjoy the road to get there too.

5) Action plan: Getting financial success is not a very tough job. Once you have your strategies and commitment in place, you can use your financial tools, such as investing and asset allocation to achieve your success.

Generations after generations many people have asked the same question again and again. It only happened in the last decade that human being had a greater understanding regarding economic abundance. The industrial revolution and the technological advancement in the recent era shows all the changes happened so far.

It has been a riddle to solve the economic abundance and what actually makes an average or poor person to own a fortune and great wealth. So many books on this subject had been written so far and a small part became truly successful bestsellers. The readers got to know the actual economic abundance. The same principles of how to reach your desired goals were explained in almost all the books. Books like “Rich dad Poor dad” of Robert Kiyosaki and even older books such as “Think and grow rich” by Napoleon Hill had one common thing of how to follow the principles by which you can reach abundance. It is nothing else but some simple principles of thoughts, action and relationships with different people. A lot of books were quite complicated to understand and only a few people could understand the ideas behind it. The rest of the books that were easy to understand were absorbed by those who had a desire to grow rich.

People work in their jobs daily and bring money to feed their families. The question is why we don’t get rich from this job. Actually, here is the hidden secret of making wealth. You can fill up a glass of water only once and only by the size of the cup and not more.

Give a thought and you will realize that are daily job is not enough to generate the wealth that is needed to become rich. It can only take care of the daily needs. In order to increase the wealth, we have to increase the capacity of the glass or fill up more glasses so that we can receive more water. This is one only way to create abundance.