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buy a fur-lined sink.
Definitely pay down CC debt.
invest in foreign stocks
$1200 (married) will help pay down the debt, but not eliminate it.
Put in my kids 529 plan.
incurred while my wife was unemployed last year.
No credit card debt, own home, I will give 10 percent to the church, and save the rest til things get really bad -- and they will, result of the wonderful Bush years.
Dave
Incurred while my mother was sick and I made cross country trips to take care of her. I still haven't dug out from that.
We don't carry any credit card debt (we use a card for points that we pay off every month). We have 0% loan on some couches we bought last year that's nearly paid off. We in the sixth year of our 5.1275% fixed rate 30-year mortgage, and we're putting money into savings each month.
So I'm taking my "rebate" and getting the iMac I've been pining for for a year. So put me down for saving the economy.
You can thank me later.
My check will pay down debt. Or here's an even better idea: Use the check to buy U.S. Savings bonds. That way, the government is giving me a stimulus check, which I hand back to them to pay the debt they incur by giving me the check, and I get paid the interest.
Now that's what I call a swindle!
For songwriting
To the titty bar.
Pay off the credit cards!!! (and the student loans, next).
I'm going to write a check to Barrack Hussein Obama, hoping a quick surrender to the terrorists will allow our shattered economy a chance to get back on its feet.
1. Credit Card
However my credit card might be paid off by the time it arrives, so in that case it would go towards buying plane tickets/financing a UK visa/general savings for my UK move. Sorry USA, the UK will be getting my money!
The only debt we carry is our fixed rate mortgage and one vehicle loan, so it will either help pay off the vehicle sooner or go into a CD. I'd love to help out the economy and buy fabric for sewing some new clothes, but that isn't the prudent thing to do.
Some will go into savings, for sure. But our tenth wedding anniversary is coming up, and we're treating ourselves to a weekend in NYC. So some will go on a fabulous meal at the most Michelin-ey place that will take us.
Oh, and in the spirit of biting the hand that feeds you, some will go toward Obama's campaign.
Pay off my credit card bill most likely
I don't need their damn $600, and I don't want it. The only debt I have is a mortgage, and I'm already pre-paying that.
I plan to donate my check to the Electronic Frontier Foundation. That's basically me extending my middle finger to the Republicans and the Harry Reid Democrats who are selling our constitutional liberties to finance their reelection campaigns.
and it's a drop in the bucket v.v. the mortgage. So the college savings plan is the best idea for us.
at least they have an economy.
I paid payroll taxes but I never filed last year. Am I going to get a check? Does anyone here know?
If so, I'll probably use it to pay the penalties to the IRS.
Make too much $ and not enough kiddies....so I don't get to contribute the stimulus of the economy.....damn. And here I was thinking of paying off my credit card too.....
and waste the rest.
I'm conflicted: I could put it toward credit card debt OR medical bills, but if things get worse & one of us is layed off, those creditors can't really hurt me much.
If I use it for car repair or long deferred house repairs, I might be better off.
I guess the car wins, then I can keep working to pay for our unjust war.
at the titty bar.
Oh, I'll definitely put it on the credit card. Er uh but ... I am the only one without a high def flat screen. EVERYBODY else has one. I could buy it on credit now and when the rebate comes I could pay down the credit card just like I say. Wow, frugal and I get the flat screen, too.
The real problem with debt, to me, is that it means too many people are not getting paid enough to enjoy the economy when it is supposedly booming. The recession is not the problem, it is the disparity of wealth. Recessions don't cause debt. This stimulus is to help business retain its wealth, not to help consumers.
Really, I'm that close to done...and there will be about $45 left over for celebratory pizza and beer.
that the people most likely to "stimulate" the economy with this check are the same ones who really ought to be paying down their credit cards to begin with. The working poor, that is, who almost never have money in chunks. It's a dirty trick, taxing the poor while the rich laugh all the way to the bank.
put it into my savings account. With things being as shaky as they are, every little bit of cushion helps.
Unless you've already got a good savings account or low credit card debt, taking the money and blowing it on a gadget at Best Buy seems foolish.
damaged in Katrina, and use the rest to pay down the Visa.
I think it's going to depend on inflation. If inflation is going up sharply, which it might if the Fed keeps dropping interest rates, then it makes no sense to pay down debt any faster than I need to. In that case, I'll probably also need the money to pay for inflating food and goods costs. (I'm paid by the Federal government, and will not get a COLA in the near term, even if inflation goes way up.)
On the other hand, if inflation stays relatively low, I'll probably use the money to pay down my highest-interest debt, which turns out to be my student loan. (Thanks to a very low fixed rate credit card!)
Interestingly, I'll be doing a lot more to help the economy in the first case than in the second...