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if and when it comes will pay off c card
We had to have major work done on our bathroom (skylight leaked and ruined ceiling and walls). We ended up needing it all gutted (b/c of mold) and started over again w/ a new bathroom. It went over budget (what's new?) so this will be perfect to help pay off the remainer of our debt. Sorry George that we couldn't help stimulate the economy w/ your money.
We will use it to pay off bills, mainly dental & medical ones.
Since I'm one of the 40 million or so without health insurance, I'm thinking about using some of my check to have a dental checkup. Maybe I'll put the rest in one of those new tax free Health Savings Accounts.
It's a pittance, really, for a single person.
$400 toward paying off credit card debt, and $200 into savings
And lots of it.
Cheap, Useless, Chinese made Crap!
The cheaper it is, the more I'll be able to get.
Hopefully with a good dose of leaded paint!
What about the third option: Give it away? Imagine the effect on the economy (not to mention on individual lives) if more people used that $600 to help someone or boost a charitable organization?
http://giveitforward.blogspot.com/
I'm graduating from nursing school in May, and looking for jobs out-of-state. Hubby and I will use our rebate check for moving expenses.
Is there any way I can return the waste of money and be sure someone who REALLY needs it gets it? Otherwise it'll all go to the banks. This Nation is so screwed up I can hardly believe it.
I will pay down my credit card.
I will pay our mortgage with the check. It is somewhat silly isn't it? We don't need a one time bit of cash. What we need is secure jobs. I don't really see throwing this little wad of money at this problem is going to solve it. We need to stop the flow of good jobs going over seas. This little action is not going to do that. Besides, most of the junk people are going to buy with this cash is built over seas. Which is the problem. If the jobs were here, then this cash would have a much, much larger impact. We are going to give most of this cash to China.
I have no idea which manner they'll send me a check, IF THEY DO.
IF I DO get one, I'll just take a nice trip somewhere.
I have no CC debt, no vehicle payments and earm more than enough to pay all my bills with a sufficient amount left over.
I will wait to see if I actually get a check like this.
No one should have *any* credit card debt. If you can't pay off your cards at the end of the month, you are not living within your means and have an unhealthy relationship with money.
Certainly, use this money to pay off your credit card debt, but for the love of sane, rational living *don't* put anymore charges back on.
How hypocritical to rant and rave about our leaders spending our nation into debt if you do the exact same thing on a personal level.
I'm still trying to put together that six months' worth of living expenses I'm supposed to have for when I get laid off.
I don't have any credit card debt or a car payment, but I've LOST more than $1200 given the sliding dollar over the past year. I'd love to say that investing $25K in the Rydex "Weakening Dollar" fund paid off, but I cashed out after losing $2300... nice.
$600? Gas for two months? I'll probably stash it in my kids' 529a accounts (one down 2.55%, the other 4.04%). OTOH maybe I'll just trade it for Euros and stick them under my futon.
Maybe getting the fuck out of Iraq would be a brighter idea.
How nice. Just in time for the IRS.
Andrew, I don't mean to brag (right), but when this whole stimulus check idea first hit the press a few weeks ago, I wrote on Joan Walsh's blog and I think in War Room too, that if people really want to "stick it to the man" especially the Chinese Communist Man and Wal-Mart, use your stimulus check to PAY DOWN YOUR CREDIT CARD DEBT.
So I guess great minds think alike, only I think I might have been ahead of the rest.
Thank you.
Seriously. I keep my credit cards pretty much paid off, and I have a trip scheduled to France this summer. Guess where that extra cash is going?
But I would give this and Bush's first rebate back if could have bought a sound fiscal policy from our government for the last 7 years.
-c
Even if I weren't paying off debt on my home equity line from work we had done on the back yard last year, I have this funny thing called a "mortgage" that goes away faster when I make payments toward its principal.
I plan to buy gold and/or silver bullion, if any can be had for the amount of the check. The US dollar may wellbe worthless by the time the checks are mailed.
Poster Thorin says that this check is a pre-refund for 2008 income taxes. That means we will need to pay it back on April 15, 2009.
Is this true? If true, Thorin and I and all people who do not get refunds simply will have to pay this money back to the IRS!
Say it ain't so, Andrew!
Do all you guys actually get IRS refunds? Do you let the gubmint fool around with your $600/$1,200/or more? I cannot believe it! Salonistas are smart. They would not do this, would they?
If this is how it works, it is a ripoff scam. If this is how it works, change my vote in this survey from "Nifty Electronic Musical Keyboard" to Euro-Denominated Money Fund.
Is this how Bush's prior "Tax Rebate" worked? I cannot remember.
My husband and I have been building our down payment fund for years, just waiting for a housing downturn like this one. When/if we get our tax check, it will go in that account, and we'll hang on to it until we find a house that costs something in the neighborhood of what it's worth. Boring, huh?