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What will you do with your Stimulus Plan tax rebate check? email this discussion to a friend?

joanntheartist (54)2 years ago

It's the billion dollar question, right? The government is encouraging us to buy stuff, put the money back into the economy, etc. They say this will help lift us out of the recession that we may or may not be in (quite frankly, dearest government officials, if you really want to help the economy, lower gas prices. Then the average American will have extra money to spend, since lower gas prices usually mean lower cost of living). But, in reality, most Americans say they will either put their check in a savings account or pay off debt. So, I want to know, what are YOU planning to do with your check?
Mine will go towards paying my bills while I go on unpaid maternity leave in July. If there's any leftover, I may put it towards paying off my truck so I can buy a vehicle that's better on gas.

 
 
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User has not selected a best response.
tags:  money, tax, rebate, check, economy
 
1. myLot reputation of 75/100. sunkissed (2318)   2 years ago

Well I will not get but $300. it will not go far. With gas as high as it is I will be putting it in my gas tank and trying to buy some food.There will not be much left after that. A little pocket change thats about it.

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2. myLot reputation of 89/100. Breath (1510)   2 years ago

I agree with you.If the goverment would lower gas cost we could put the extra money we have into other items to help maybe boost or country and her economy.I am glad about the extra money becasue I am taking and using mine for a beach trip later this summer...


myLot reputation of 89/100. enola1692 (1560)  2 years ago

well I was hoping to vist my sister in nh so hopefully nothing else comes up before then

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3. myLot reputation of 96/100. ayumitakashi (2228)   2 years ago

I am going to get $900 which is a lot for a broke student. LOL.^_^. The first thing I am going to do is pay off half of one of my credit cards so that i would pay the half another time and then I am going to close it. Wish me luck with that. Then I am going to take my younger brother and sister to the movies and have some fun. I have to buy a new bookbag for next year. I'll probably put $200 into my bank account which will serve me for my books next year. And I am going to buy some clothes for my second younger sister. I already have a whole plan set and hopefully I do get the check because it will really lift some of the burden off of my shoulders for this week.


joanntheartist (54)  2 years ago

Sounds like you've out some thought into this. If I didn't need the money for maternity leave, I'd be paying off credit cards as well.

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4. myLot reputation of 93/100. sedel1027 (12397)   2 years ago

I am saving mine LOL We are moving at the end of may and will use some of it to pay the movers, the rest is actually going to pay future rent to the complex we are at now.

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5. myLot reputation of 94/100. tammyr (3436)   2 years ago

I will buyty new toaster! Mine tore up today.
I am going to apply it to the bills. It will really just help me get caught up a bit. The only thing I plan to buy is a car seat for my son & DIL for their baby that is due in July. I want to make sure she will be very safe.


joanntheartist (54)  2 years ago

you have a grand baby due in July? Cool!
I'm pregnant too, and due on the 15th of July!

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6. myLot reputation of 87/100. elisa812 (2843)   2 years ago

I had our payment just direct deposited into our savings account. I think we're just going to keep it there to let our savings build up a little. We just bought a new car recently too, so I guess we could maybe put it toward getting ahead a little on the car payments. Right at the moment though, we're just planning on saving it.


joanntheartist (54)  2 years ago

That's a good plan, as far as I can see. We are going to trade in my truckfor a nice, gas-saving 2-wheel drive four-banger and save some money in payments, gas, and insurance.

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7. myLot reputation of 94/100. joimarquez (1289)   2 years ago

i was planning of doing a franchise of a business..i found this cleaning business that has a low franchise fee $500 only...but i change my mind..i figured im just gonna pay my card and rethink about the business.


joanntheartist (54)  2 years ago

interesting....what made you rethink starting a business?


myLot reputation of 94/100. joimarquez (1289)  2 years ago

i have no problem with the franchise fee because its just $500 but i doubting myself if i could do the labor. i have seen a couple of people done it got successful but somehow i feel discouraged coz some people are giving me negative insights about the whole thing...so i might as well rethink the whole thing.

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8. myLot reputation of 65/100. anniepa (9203)   2 years ago

Hah!! I got it on Friday and it's gone, or at least spoken for, already. I used most of it to catch up on some bills we'd been struggling with and what's left will help us get through the next few weeks while I continue to wait and hope and pray my disability comes through before our house gets foreclosed on. Yep, it's going to help the economy, that's for sure. I've already given up my car for the time being because it needed more work than it's worth to pass inspection so at least one of us in our family is saving money on gas because I have nothing to put gas in...lol. Does that qualify as an optimistic attitude?
Annie


joanntheartist (54)  2 years ago

optimistic? no, not really......but, chin up.
I'll be praying you get blessed with everything that you need, and then some!

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9. myLot reputation of 85/100. oneandonemakesix (24038)   2 years ago

Hey Joann,

I got my tax rebate last friday, and most of it is already spent, I got a New DSLR camera, I bought it off Ebay, and then I bought with our federal return a copy of PhotoShop CS3

And with my earnings from online last month I bought my husband a mixer for recording music....

So now I need to start storing away for Christmas and bills.

Mooch


joanntheartist (54)  2 years ago

Well, when I started this discussion I hadn't yet recieved mine. I did get mine today, however, and as promised, it went straight into my high-yield savings account to grow a little before I have to use it for maternity leave.

I'm super jealous that you got to but a DSLR with yours though. I've been wanting one of those for a while...maybe next time i guess.

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10. myLot reputation of 96/100. theproperator (2141)   2 years ago

I'm planning on getting new siding put on my house this summer, so my $600 will be going towards that. Of course, it will only be a percentage of the total cost, but it will cover the new gutters, at least. I think its a good use of the money, since it will be going to a business owned by local people, who employ local workers, who will then spend the money they earn, etc, etc (the way stimulus is supposed to work best).
We thought about using it to buy a new HDTV, but we decided we don't need it (not a bad as new siding, anyway), and it really wouldn't stimulate the economy much, since most of those TVs are made overseas.


joanntheartist (54)  2 years ago

good plan.....there are plenty of home improvement things I'd like to do with my check, but again, it's all going to keeping up the bills when I go on maternity leave.....

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Save on a new car with 2009 federal tax rebates. Get a free quote now.
PriceQuotes.com/newvehicledeals
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www.BarackObama.com
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Save 40% Or More. Health Insurance For Individual, Family, Low Income.
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