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Letters
Friday, February 8, 2008 12:00 AM

What will YOU do with your fiscal stimulus check?

Go out and buy a new TV, to save the economy? Or squirrel the money away, to save yourself?

The letters thread is now closed.

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Friday, February 8, 2008 08:50 AM

I will

buy a fur-lined sink.

Friday, February 8, 2008 08:50 AM

No question

Definitely pay down CC debt.

Friday, February 8, 2008 08:50 AM

stimulating

invest in foreign stocks

Friday, February 8, 2008 08:53 AM

Pay down credit card debt

$1200 (married) will help pay down the debt, but not eliminate it.

Friday, February 8, 2008 08:56 AM

College

Put in my kids 529 plan.

Friday, February 8, 2008 08:57 AM

paydown debt...

incurred while my wife was unemployed last year.

Friday, February 8, 2008 08:57 AM

Save all but 10 percent

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

Friday, February 8, 2008 08:58 AM

Pay down CC debt

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.

Friday, February 8, 2008 08:59 AM

Dude, I'm getting a Mac

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.

Friday, February 8, 2008 08:59 AM

Pay Down Debt

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!

Friday, February 8, 2008 09:02 AM

Nifty Electronic Musical Keyboard

For songwriting

Friday, February 8, 2008 09:03 AM

I'm Going

To the titty bar.

Friday, February 8, 2008 09:03 AM

What to do...

Pay off the credit cards!!! (and the student loans, next).

Friday, February 8, 2008 09:03 AM

support your local terrorist appeasers

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.

Friday, February 8, 2008 09:04 AM

It depends

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!

Friday, February 8, 2008 09:05 AM

Not sure...

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.

Friday, February 8, 2008 09:06 AM

Half and half and ...

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.

Friday, February 8, 2008 09:07 AM

As for me...

Pay off my credit card bill most likely

Friday, February 8, 2008 09:08 AM

Donate it to the Electronic Frontier Foundation

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.

Friday, February 8, 2008 09:08 AM

No credit card debt

and it's a drop in the bucket v.v. the mortgage. So the college savings plan is the best idea for us.

Friday, February 8, 2008 09:08 AM

invest in the european market

at least they have an economy.

Friday, February 8, 2008 09:09 AM

I have a question

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.

Friday, February 8, 2008 09:10 AM

Not getting a check

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.....

Friday, February 8, 2008 09:10 AM

I'll spend some on whiskey & women,

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.

Friday, February 8, 2008 09:10 AM

give it to a single mom

at the titty bar.

Friday, February 8, 2008 09:10 AM

Well hmmm

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.

Friday, February 8, 2008 09:11 AM

Pay off my last student loan!

Really, I'm that close to done...and there will be about $45 left over for celebratory pizza and beer.

Friday, February 8, 2008 09:11 AM

To me, the sad thing is

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.

Friday, February 8, 2008 09:12 AM

I will

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.

Friday, February 8, 2008 09:12 AM

Fix my fence

damaged in Katrina, and use the rest to pay down the Visa.

Friday, February 8, 2008 09:12 AM

inflation will determine what I do

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...

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