It looks like the President and various members of Congress have agreed to the details of a new economic stimulus plan.
For more information about the plan, read this article from the NY Times.
If you made $3000 in 2007 (or more) – you should receive a rebate check of $300 (or more).
If you are marred (and have kids), your check should be between $600 – $1200.
When I receive my check, I’m going to deposit it into my non-retirement savings (and forget about it!).
What will you do with your check? Are you going to use it for debt reduction? How about building up your emergency fund? Or, will you use it to buy something nice for your family? What do you have in mind?
The details surrounding the plan are still a little ‘fuzzy’. It will be interesting to see how things work out. I wonder how long it will take for this plan to actually work its way to the president’s desk?
By the way, this article fromcould receive MORE than $1200 dollars. Read the article. Is that what it is saying to you? If so, my family could conceivably receive a check for $2100!?!