Most of us are going to get checks from the government to encourage us to spend money to keep the economy from going into recession:
Under the plan, as many as 117 million people would get rebate checks. Individual income tax filers would receive up to $600, working couples would get up to $1,200, and those with children would get an additional $300 per child.
How are you going to spend your rebate?
I haven't checked with Julie, but my inclination is to pay off credit-card debt, or to save it. On the other hand, we need to paint our house this spring, and that's going to cost $8000. Getting some money from the feddle gummint will make it more enticing to get the painting job done. But I'm really worried about spending money we really ought to be saving, and I'm disinclined to let that extra money go so easily.
You?
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I'm hanging on for dear financial life as it is. Whatever creditor(s) need to be paid first at the time I get the check.
SiliconValleySteve
Spend it on needed home repairs now while folks need the work and defer maintenance when the economy is hot.
I like that. Put up some new weather-stripping, buy a new air-compressor for your AC/heat pump, buy a heat pump if you don't have one.
We will have two kids in college starting September 2008. 'Nuff said.
Rod,
I hope this will find it's way to you, as this is an older post. But I've come up with an alternative way to use the money.
Give It Away
The story that this tells about the American people is a sad one. We're likely to be facing a serious recession, yet none of us can wait to get our hands on this money to spend it on . I think there is a better way.
I'd appreciate it if you'd take a look and share your thoughts.
Thanks!
Amy
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