Companies would compete for our allocated money through competion and marketing. It would be like a game, similar to how it already is. Everyone having a minium amount of money, recieved at yhe same time would at consistancy to it. It would be like how supermarkets plan their stocking protocol based on days that foodstamp money is deposited.
That free money will just go right back to the government. People have bills to pay and that money will probably just help them pull out of the red a little.