Edit: Doesn't paying off credit cards not really count? It's not putting the money back into the economy.
I *am* concerned about the fact that this is very similar to what we did right before the Great Depression, but in my non-economically trained mind, it could possibly help...
I'm thinking I might use it to re-sod my front yard and make it look awesome. A nice trip might also be fun. I'm thinking I might try to NOT be lame like I was going to be, and spend it paying off my hot tub.
To figure out how much you're getting:
The IRS can calculate it for you if you have a copy of your tax return handy
And here's an FAQ
What are you going to do with your stimulus payment? (see: tax advance)
Bills/Credit Cards
7(30.4%)
Savings Account
6(26.1%)
Something for myself
0(0.0%)
Something for someone else
0(0.0%)
Something specific (see next question)
10(43.5%)
What is your "something specific"?
Comments
Maybe it's a slower, more indirect route though, less likely to immediately give someone a new job than, say, buying a bicycle.