The Economic Stimulus Rebate

[tulip]

e) Donate it to charity

To avoid this getting bumped to Way Off Topic, I'll skip my political tirade about why these checks are just wrong, wrong, wrong.

Instead, try the lemonade approach and state, when given money I neither expected nor feel is appropriate, I pick out a worthy charity and give it away.

Last time this happened, I gave my whole $300 over to my local community garden. I may do the same thing this time, but I may not. The divorce has left me a bit in debt, so I may pay some of that off.

[NoNo]

Definitely paying off debt. While I agree with the others here about this being an ill-conceived notion, I'm not about to pass up free money. I'm in a tight spot and every little bit that will help pay off the CC faster is good in my book.

[bruiser]

In all honesty, I don't have any hopes of this improving our economic situation for the long term. I agree that this is just a misguided attempt for a shot in the political popularity contest. I think most people who qualify for the rebate will do the responsible thing and put it towards some debt instead of filling their (too expensive) homes with more junk. What with all of the dire news about rising debt in a bear market, you'd think people would have it in their minds to look out for their finances...


I am fortunate that the only debt I have is from school loans with their ridiculously low interest rates (wahoo!). But then again, I don't really have any assets, either I am hopefully going to be spending the rebate, in combination with my return and quarterly bonus, on a lovely new bike

[Running Mommy]

You know the thing that irks me is that you could see this mess coming three years ago! But everyone just buried their heads in the sand and rode the train as long as they could.
If our great (and great great for that matter) grandparents could see the way we are living today they would be mortified. The spend spend spend and worry about it later mentality of todays society is out of control.
I'm sorry, but WHY people that make 40k a year think they can afford a 400k home with nothing down is beyond me?! I know that I'd never be in an 800k home.... sigh... Ok, I have a customer- rant over.

[Andrea]

Two words:

SRAM Red

[Skierchickie]

Ditto to pretty much everything I'm reading here - I really don't think it is going to help many people, and it is just going to drive the country deeper into debt. However, we will use ours . We're planning on going to Alaska with my parents in the summer, to celebrate their 50th, so it will definitely help out. However, we were going anyway, so we're not changing anything.

[IFjane]

You know the thing that irks me is that you could see this mess coming three years ago! But everyone just buried their heads in the sand and rode the train as long as they could.
If our great (and great great for that matter) grandparents could see the way we are living today they would be mortified. The spend spend spend and worry about it later mentality of todays society is out of control.
I'm sorry, but WHY people that make 40k a year think they can afford a 400k home with nothing down is beyond me?!.

Agreed, RM. Being in a service profession, federally-funded and not popular with any Republican administration, I am STILL making just over 40K a year.....but I am living in my cozy $150K home on the side of a mountain, with no mortgage and loving every minute of it. My soon-to-be-DH had his position eliminated on January 3 (happy new year) and is still looking for a job so our income has been slashed to mine....not a pretty sight even with no "bad" debt (is a 3-year loan on an Element "bad"? ) I will be getting a check and I plan to pay down debt.....and buy bike stuff......and pay for a wedding.....ok, maybe not all three!