Comments on: Ideas For Your Income Tax Refund Or Stimulus Check

By: Jess

Jess — Tue, 22 Apr 2008 15:31:49 +0000

I am buying new tires and saving the rest. My hubby is saving 80% and buying a vacuum. I think many people will buy more! People at work were talking about how if you spend it on food or household furniture it is going overseas. On NPR they had a april fools saying that the goverment was insead going to give you an A/C if you lived in the south and a snowblower if you live in the north:)

By: Jesse

Jesse — Tue, 08 Apr 2008 16:25:37 +0000

Finally: “I going to do as the government asks and spend it on frivolous items I don’t need.”

Amen, and really, its not going to help the economy that much even if you DO spend it. Its sort of akin to handing a starving village a bag of rice to gorge on. They are better for a day, but after that, its back to starving…and one step further, the rice is from their own emergency store and they have to pay interest on it.

By: Finally Frugal

Finally Frugal — Tue, 08 Apr 2008 15:58:40 +0000

Mine’s going to more than double my monthly debt payment! And will get me out of debt a full month sooner than expected. No way am I going to do as the government asks and spend it on frivolous items I don’t need. In this economy, I’ll do better to pay down my debt (so I can free up more money sooner to increase my EF and start investing for the future).

By: Frugal Dad

Frugal Dad — Tue, 08 Apr 2008 02:49:16 +0000

We’re loading up the emergency fund. Nice summary of ideas here.

By: Jesse

Jesse — Mon, 07 Apr 2008 20:08:27 +0000

To “No Debt Plan” actually you SHOULD be judging because that money is not government money – its deficit spending, IE YOU and your children and their children are paying for stranger A’s big screen TV.

By: Future Millionaire

Future Millionaire — Mon, 07 Apr 2008 17:56:03 +0000

I was fully planning to just stick mine in savings for a rainy day but the more I think about it the raining day might come the day I get the check. I’m really wanting a small LCD TV…we’ll see if I can hold out or not.

By: NCN

NCN — Mon, 07 Apr 2008 17:52:50 +0000

@Mr. Stupid – that’s actually very, very smart!

By: Mr. Stupid

Mr. Stupid — Mon, 07 Apr 2008 17:19:48 +0000

I don’t think planning what you are going to do with _your_ stimulus check is the right way to think about it. Instead, think about what you’re going to do with other people’s stimulus checks.

For example, prepare to sell that old motorcycle you’ve had in the basement, or use ebay to rid yourself of all that extra junk that’s been gathering dust. Other folks will be feeling flush, if for only a short time, when their checks arrive. Don’t miss this opportunity to use that to your advantage.

By: Tony Tovar

Tony Tovar — Mon, 07 Apr 2008 16:28:34 +0000

Seeing as the government would like for us to really use this “stimulus” on goods and services so that we may raise the overall Gross Domestic Product, I would suggest that a whole lot of you spend it, kinda like in option

6. Fun – If it’s been a while since you went out to eat or bought an new outfit, live a little.

As for me, I’ll hold on to it and put it away for as emergency fund. I’m a student; if I could spend the package, I would… or perhaps more importantly save it and earn interest on it.

By: No Debt Plan

No Debt Plan — Mon, 07 Apr 2008 13:54:56 +0000

We are putting 100% of the money toward our emergency fund. It makes me sad to think how many HDTV may be sold because of “free” government money, but who am I to judge?