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Stimuli

The more I think about it, the more I think I want to stimulate the economy with our stimulus checks. Yes, it'd be great to be out of debt sooner, but it might be better for America to just spend it. After all, I like America-- I'm not going to do something that could potentially hurt our country just because I'm not a fan of the president.

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

( 5 comments — Leave a comment )
brittdreams
Mar. 23rd, 2008 03:08 am (UTC)
Getting out of debt IS spending your stimulus check. Personally, ideally, I'd send it back to the govt so my great-great grandkids don't have to pay for this damn thing. Realistically, I'm going to put it in my IRA.
(Deleted comment)
thisgirliknow
Mar. 23rd, 2008 01:10 pm (UTC)
I think that sod for my front yard counts as an investment of sorts, and I'm a saver in general.
star
Mar. 24th, 2008 09:43 am (UTC)
The way I see it, I already spent money to stimulate the economy. The only difference is that I spent it using my credit card. *shrug*
tevarin
Mar. 24th, 2008 12:44 pm (UTC)
I don't know much about economics, but doesn't spending it to pay off credit cards stimulate the economy too? I mean, suppose you're a credit card company. The more money you have coming in, the more you're able to lend out to new customers, etc. So by paying off a credit card, you're giving the credit card company a temporary surge of money that it can then lend to someone else.

Maybe it's a slower, more indirect route though, less likely to immediately give someone a new job than, say, buying a bicycle.
newscane
Mar. 24th, 2008 08:59 pm (UTC)
Given that most of my tax refund is going to fund my DMB touring for the summer, my rebate is going into savings/an IRA. I could pay off my bed, but that's at zero interest for a while... so I'm better off putting the money into savings.
( 5 comments — Leave a comment )

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botticelli
thisgirliknow
Much like pineapples, I am hardcore.

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