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JULESGL's Photo JULESGL Posts: 9,609
2/14/08 12:46 P

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I'm single, so I only expect the $600. However, I plan to combine that with anything else I can scrape up with to hit my remaining credit card balance so hard it coughs and wheezes!
I won't believe this is true until I have the check in my hand. I love all the discussion here! Keep it up.

Live like no one else, so later you can LIVE like no one else

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RJCOMPUTERGEEK's Photo RJCOMPUTERGEEK Posts: 213
2/14/08 3:07 A

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I was listening to a podcast the other day, and the host said something along the lines of "you want to stimulate the economy? Use this package to institute universal health care. Start something permanent. What the Americans need is health care for their children, not a single check"

When I lose my job, I'm going to lose my health care benefits that go with it, and $1500 is only going to last me so long when I can't pay for my daughter's ezcema creams, and my depression meds and hormone therapy. I happen to agree with the podcaster.

Domin, lvl 32 Undead Warlock (Khaz Modan server)

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RSLINDIANA's Photo RSLINDIANA Posts: 2,773
2/13/08 11:59 P

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The government needs to spend less and live within a reasonable budget... same as we do. There is no free lunch and we will pay this back in taxes or in some other form somewhere. They're just playing sleight of hand and not yet saying now what the future payback will be...

"What you leave behind is not what is engraved in stone monuments, but what is woven into the lives of others."
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PORKNBEANS's Photo PORKNBEANS Posts: 337
2/13/08 9:25 P

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Ms Fixit, all the info I read until Friday made it sound like a stimulus check like the ones we got several years ago. On Friday, there was an article on CNN that made it sound not so desirable. I work in an HR dept and our phone were lit up like Christmas trees with employees complaining about it.

WEAKNESSLEAVING's Photo WEAKNESSLEAVING Posts: 166
2/13/08 3:09 P

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http://www.huffingtonpost.com/2008/02/13/b
ush-signs-economic-stimu_n_86378.html

This article explains who gets it, but nothing about taxes. I just did my taxes today, and discovered that I truly only pay about 10% in taxes. Therefore this economic stimulus would only cost me $180 in taxes. I would net over 1600 to spend. I am not worried about the taxes.

~~julie~~
Eventually you learn that the competition is against the little voice inside you that wants you to quit."
-- George Sheehan


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MRSFIXIT's Photo MRSFIXIT SparkPoints: (0)
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2/13/08 10:17 A

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I've tried to do some reading on this since I read your post, but I'm still not sure just what it's all about. One article said the money is NOT income that you have to report on your taxes, so I'm thinking if that's the case, & you get the refund, it shouldn't affect your taxes next year. It also said if you're paying taxes on a payment plan for a previous year, the refund will go towards that debt. (The same is true for those with back child support due.)

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

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PORKNBEANS's Photo PORKNBEANS Posts: 337
2/13/08 7:57 A

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Ok, guys, wake up and smell the coffee. Did you see the news regarding this on cnn.com the other day? This is NOT free money. It is an 'advance' on what you MIGHT get back as a tax refund in 2009. This totally SUCKS. They haven't explained what will happen if you are someone who owes.

We always use whatever refund we get for a vacation fund. I don't appreciate them advancing me my 2009 vacation fund this year. I'll have to be really disciplined not to use it for something else.

And I agree with others - how can this be an economic stimulus? It's like putting scotch tape on a leaky pipe. It sounds like our government needs to read Dave Ramsey as well.

Sorry, don't mean to be a grump. I just think there are a lot of people out there who are going to be so happy to get this 'extra money'. But they haven't really explained what happens if you OWE money in 2009.

I guess the old saying 'there is no free lunch' is pretty much true.

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2/12/08 3:57 P

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Ours will not even get to us because we owe back taxes...so I guess you could say that we are going to apply it to old debt.
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STEELVIC Posts: 359
2/12/08 1:04 A

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emoticon Probably end up owing more in taxes...if not, goodbye c/c debt!

And we know that all things work together for good to those who love God, to those who are the called according to His purpose. ROM 8:28
CACOSTA's Photo CACOSTA Posts: 2,460
2/8/08 2:00 P

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Kara,
Not sure where you are located or if you are at all interested in moving for work, but the hospital that I work at in DeKalb, Illinois is really looking to hire many nursing staff as well as a director of the Med/Surg department. Education is a huge plus. Check us out online @ www.kishhospital.org you can apply right online.

As far as the rebate checks go, I heard that the senate passed the bill and we can expect checks in the mail during the month of May.
Carolyn


“Know the true value of time; snatch, seize and enjoy every moment of it. No idleness…never put off till tomorrow what you can do today.”
KDAVIXEN's Photo KDAVIXEN Posts: 139
1/30/08 12:32 P

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Whatever money I got I'd put it towards paying off my car. I'm almost done with payments on it, so the sooner the better!!

FYI: A note on the credit card companies. Some companies are actually willing to work with people in lowering that stupid APY rate. I have worked my way down to only having 2 credit cards and I just spoke to one of the companies a couple of weeks ago to see if I could negotiate a lower rate. Because I had a streak of paying my bills ontime (even if the minimum) they were able to offer me 3% less that what my current rate was. I know it doesn't sound like much, but it's better lower than nothing!!

Edited by: KDAVIXEN at: 1/30/2008 (12:33)
There is no elevator to success. You have to take the stairs.


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RSLINDIANA's Photo RSLINDIANA Posts: 2,773
1/29/08 10:16 P

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Credit card companies jack up the rates to 25-28% a year even if you haven't missed a payment on anything, if they decide they don't like your debt ratio. Half the crap they do should be illegal. And they wrote the bankruptcy laws and over half the consumer debt companies work for them. They're bigger thieves than any poor family faced with unexpected unemployment or medical bills. And despite the whole credit card mess, medical bills are now the number one reason people file for bankruptcy, not charge cards.

We thought we had a very manageable level of debt until I was rear ended at 50 miles an hour by a guy with no insurance, who quit his job, filed for divorce and left the state before we could even file a claim. He had a married co-worker in the car and they were both off-site without their employer's knowledge or permission while still on the clock. Lets just say liability for the accident was the least of his concerns.

I couldn't work for 2 years and our medical bills even with insurance, ran into the tens of thousands. I had to sue my own insurance company to get them to settle the claim...

No level of debt is safe and your insurance is only as good as your attorney... I now have a Visa/ATM card on my savings account and if we want something we can't fit into the weekly budget then we pay cash out of our savings. Needless to say, we spend a lot less than what we used to.

And just in case you don't realize it, congress intends to fund this rebate by borrowing it from the Chinese, further devaluing the dollar and depressing our international financial standing. They don't intend to fund it by reducing taxes or reducing federal spending...

This rebate is on par with all of us all deciding to borrow (more) money so we can send each of our kids $1200 so they'll like us better. Its not fiscally responsible but they're going to do it anyway because its an election year. And both sides are going to take credit for it in the hopes that we keep the incumbents in office...

Pay down debt if you get the money, but don't let them buy your vote with it. We need fiscal reform and the health care system to be fixed and the people currently in office don't intend to fix either of these problems.

Whenever they do something, it's in the most self serving, least effective way imaginable... I'm beyond cynical about our national office holders.

Edited by: RSLINDIANA at: 1/29/2008 (22:18)
"What you leave behind is not what is engraved in stone monuments, but what is woven into the lives of others."
~Pericles

Save The Earth; It's The Only Planet With Chocolate!


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XENAATTORNEY's Photo XENAATTORNEY Posts: 231
1/29/08 5:36 P

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Put half in the bank and half to credit cards.

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SHORTTOOTH1's Photo SHORTTOOTH1 Posts: 1,036
1/29/08 1:40 P

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I would disagree that it doesn't stimulate the economy, although I am aware of the economics arguement. When you pay down the debt on your credit cards you then become more likely to re-spend that money on something else. Which is why it takes time for the stimulus package to fully take effect, no-one goes out and buys everything they want right away.

If you greatly desire something, have the guts to stake everything on obtaining it. ~Brendan Francis


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KATENO9's Photo KATENO9 SparkPoints: (72,044)
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1/29/08 1:23 P

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From an economist's view, paying off debt does not stimulate the economy because it is not new spending. The revenue was booked in some previous period. Putting money into a savings account is also not a stimulus because it doesn't produce revenue.

Nonetheless, from a individual's point of view, it makes a lot of sense to pay down any debt they already have or build an emergency fund of savings.

We are what we repeatedly do. Excellence then is not an act but a habit. - Aristotle


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SHEEPINGLY's Photo SHEEPINGLY Posts: 1,840
1/29/08 1:18 P

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I remember getting laid off from a good job at a university around 8/2006. The only job I could get right off the bat (9/2006) was a 10 hour a week job that paid $12 an hour. And then I had to file unemployment. It took me until March 2007 to get any job that was at least 20 hours a week or more. I got a 30 hour a week job that paid $12.11 or more. Which is sad because I was used to making 16-17 an hour F/T w/ good benefits at the unviersity i got laid off at.

So around late april I got hired for my current job and started working here in May 2007. I get paid more than I ever have in my life with better benefits I've ever had with a union backing me up, dental/vision/medical insurance that doesn't have fees that get deducted out of my check, a pension, and 2 retirement accounts.

But it's funny how when I was unemployed or working less than F/T from August 2006 to April 2007 that I couldn't even get decent jobs even with an associates and a bachelor's degree and alot of working experience.

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


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MRSFIXIT's Photo MRSFIXIT SparkPoints: (0)
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1/29/08 1:06 P

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I agree that paying bills helps the economy, & it could very well be true that it's the lending companies (credit cards included) who put us in this mess.

I have to say that I totally disagree about bankruptcy being the same as stealing. DH & I have both been through periods of unemployment, but when we BOTH lost our jobs, we had no choice, but to file. That was a long time ago, but I can tell you that even though it no longer shows on our credit reports, it continues to be a problem, just not as much as it did in those first 10 years. It's a very traumatic experience. I think those who seem to do this nonchallantly are either just putting on a front or are those who didn't have much to lose in the first place. The thing is that if we could have just been given about a 6-month reprieve where we could hold off payments on loans & credit cards, we could have picked up payments where we left off. This is not an option, however. We had a family of 4 to support, & since DH had a part-time business, he wasn't even able to draw unemployment. It was a very tough time for us. Would I do it again? Only if I were destitute as we were then. Honestly, though, if DH were to lose his job, we would have no choice, but to move out of this state. Jobs are very hard to come by. Saying for people to "just get a job" instead of filing bankruptcy doesn't work.

In fact, I have a 4-year degree in computer science & 20 years of professional programming & analysis experience, but I'm working in a low-paying, admin job that I HATE! I've been trying to get back into my field for 5 years now! I know all about being over-qualified & not getting interviews. I only put my most recent jobs on my resume, although I have a summary statement that says I have over 20 years of experience. I include my degree, but I play up the admin part of my past jobs & leave off the technical details. If someone's going to hire me to do a bunch of typing, answering phone, & the like, they aren't going to care what programming languages I know or what operating systems I've used. I also don't usually wear a suit to interviews, but stick to a skirt & nice top. Just food for thought. I sympathesize with not being able to find a job where you are recognized for your abilities.

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

home.roadrunner.com/~andydonna


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_KARA_'s Photo _KARA_ Posts: 17,703
1/29/08 10:51 A

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I don't think leaving off things would be effective in my case. If I left off two nursing degrees and my last job (nurse for almost 9 years), I think folks would wonder what I did for the last 10 years or so.
Also, having been in the position of doing the hiring, lying on your application (yes, even by omission) is still lying and grounds for termination --- even if you're doing a great job!

You can tailor a resume to fit the job you want. I was talking about jobs where you fill out an application. If they ask for my last job and last degree, I can't honestly leave that off. I can't claim former co-workers as personal references then not include the job where I worked with those people.

Overdressing isn't the issue, I don't think. If I'm wearing corduroys and a sweater and applying at McDonald's (where they wear uniforms)... I think that's probably appropriately dressed.

It's a slow time of year. I just keep trying.

Energy and persistence conquer all things.
Benjamin Franklin


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WEAKNESSLEAVING's Photo WEAKNESSLEAVING Posts: 166
1/29/08 10:43 A

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I have been unemployed before (right after 9/11) it was difficult to find a job in the finance sector, and I had a lot of people tell me that I was over qualified. So I started to leave certain aspects of my qualifications off of my resume. I was eventually able to get a waitress job and picked a restuarant where I could never afford to eat-that way 15% of a very high bill was a lot of tips!
They always say to dress for the job you want-if you can't find the job you want right now, dress for the job that is available...don't overdress, don't underdress, dress as the current employees do.
I hope that you are able to find a job soon, hopefully these tips help.

~~julie~~
Eventually you learn that the competition is against the little voice inside you that wants you to quit."
-- George Sheehan


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_KARA_'s Photo _KARA_ Posts: 17,703
1/29/08 9:26 A

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I'd love to go to work but haven't yet been able to land a new job yet.

No, I'm not stealing, declaring bankruptcy, or taking charity, or even collecting unemployment (waiting determination on that).

It would be great if everyone could just "go to work". I have 10 years of college education, 3 degrees, and haven't yet even had an interview. So it's not just as easy as "go to work". I'd be thrilled with 3 part-time minimum wage jobs right now, but am "overqualified" or they're "worried I'll just quit for something better".

Just because I don't have a job this minute means I shouldn't get a rebate, I guess. I worked nearly 9 years in my last job, until 12-21-07.

I'm not planning what to do with a rebate. Why? Because I don't have a rebate, and spending money that I don't have is what creates debt in the first place.

Kara

Energy and persistence conquer all things.
Benjamin Franklin


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WEAKNESSLEAVING's Photo WEAKNESSLEAVING Posts: 166
1/29/08 9:06 A

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I agree that anyone with a job should be eligible for the rebate. I don't agree with people immediately spending it and not paying bills. Paying bills also help the economy... (in my opinion-The credit companies is where this all started, them lending money with unfair rates to people who can't afford to be borrowing money) I admit I am one of those people. I should have never bought my house when I did, and I am now struggling to get everything together. But I have a plan and WILL get out of this! I don't believe in bankruptcy, it is stealing and just drives the cost up for everyone else. I believe that if you are broke and in debt there is one place you should go-to WORK!

~~julie~~
Eventually you learn that the competition is against the little voice inside you that wants you to quit."
-- George Sheehan


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KATENO9's Photo KATENO9 SparkPoints: (72,044)
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1/28/08 11:27 P

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Lol, I'm not part of the working poor either, but I was once and $600 would have meant a lot more to me then than it does now. Personally, I'd like to see everyone who has a job get some sort of a rebate. But that's just me.

We are what we repeatedly do. Excellence then is not an act but a habit. - Aristotle


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SHEEPINGLY's Photo SHEEPINGLY Posts: 1,840
1/28/08 10:55 P

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I'm not part of the working class poor but I still want the $600 lol.

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


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BFLYMAMA's Photo BFLYMAMA Posts: 2,478
1/28/08 9:23 P

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Well, the house passed it. Now we are waiting on the Senate. However, the Senate wants to amend by adding stipluations. Not 100% sure what they are, but from what I understand, they would include unemployment, welfare, and a few other clauses.

Amanda

"For I know the plans I have for you, declares the Lord, plans for a future of hope and good, not evil." Jeremiah 29:11



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KATENO9's Photo KATENO9 SparkPoints: (72,044)
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1/28/08 8:40 P

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One of the things the Democrats would like to do is make sure the population who needs the money the most (the working poor) actually gets some of this money. People who work but don't make enough to pay taxes could really use that money (and would most likely spend it immediately, thereby fulfilling the whole point of this exercise to begin with). It does the economy no good if everyone sticks their rebate in the bank or pays down debt.

We are what we repeatedly do. Excellence then is not an act but a habit. - Aristotle


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SHEEPINGLY's Photo SHEEPINGLY Posts: 1,840
1/28/08 7:30 P

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I haven't MRSFIXIT, all I know is I want my $600

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


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OLSONLL2 Posts: 180
1/28/08 7:17 P

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weaknessleaving~

congrats on getting your bills down. Nothings tastes as good as debt freedom!

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MRSFIXIT's Photo MRSFIXIT SparkPoints: (0)
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1/28/08 3:45 P

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I haven't followed this very well, but DH was telling me that the Democrats are trying to add all sorts of things to it, so I hope this doesn't ruin it for us. Personally, I think it should be limited to those of us who work, & therefore, pay taxes. I guess the Democrats want to add an extension to unemployment benefits, give to people who earn social security, & a bunch of other things. Anybody know the details?

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

home.roadrunner.com/~andydonna


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SHORTTOOTH1's Photo SHORTTOOTH1 Posts: 1,036
1/28/08 3:22 P

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I think it might change before we see it, from what is on the news. They are saying now that the Senate wants to "add to" the new bill.

Sorry for the pessimism, but that probably means that some people will be added and others removed.

If you greatly desire something, have the guts to stake everything on obtaining it. ~Brendan Francis


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WEAKNESSLEAVING's Photo WEAKNESSLEAVING Posts: 166
1/28/08 3:19 P

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That is how I understand it.

~~julie~~
Eventually you learn that the competition is against the little voice inside you that wants you to quit."
-- George Sheehan


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CACOSTA's Photo CACOSTA Posts: 2,460
1/28/08 3:18 P

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So, let me get this straight, married $1200, with 2 kids an additional $300 per kid, total - for a family of (4) $1,800 is this right????
Carolyn

“Know the true value of time; snatch, seize and enjoy every moment of it. No idleness…never put off till tomorrow what you can do today.”
WEAKNESSLEAVING's Photo WEAKNESSLEAVING Posts: 166
1/28/08 2:58 P

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I will be using it to pay on my debts. With the $1800 that I will get it will pay off 10 outstanding bills! My husband and I will both get a bonus check this year as well, his $500 and mine will probably be closer to $2000! so that will be another 4 bills paid off! I can almost taste debt freedom!

~~julie~~
Eventually you learn that the competition is against the little voice inside you that wants you to quit."
-- George Sheehan


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SHEEPINGLY's Photo SHEEPINGLY Posts: 1,840
1/26/08 5:31 P

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Well with $600 I would like to pay off my Discover card (If i didn't pay it off by then) and the remaining 200 i would keep in ING.

If i did pay off my discover card by then, then I would use the whole thing to pay 40% of my Amex Card off.

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


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ODEBDO's Photo ODEBDO Posts: 4,681
1/26/08 1:01 P

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Well...we would use it to buy our vacation plane tickets...we plan to go to Alaska this year...so that would be perfect...in the meantime every extra cent will be going to pay off the credit cards!

Deb

Deb


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BFLYMAMA's Photo BFLYMAMA Posts: 2,478
1/26/08 12:06 P

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President Bush has passed it, but it still has to pass the Senate and the House. Don't count on it too soon!

Amanda

"For I know the plans I have for you, declares the Lord, plans for a future of hope and good, not evil." Jeremiah 29:11



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SHORTTOOTH1's Photo SHORTTOOTH1 Posts: 1,036
1/25/08 3:48 P

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I saw it on the news yesterday too. I'm going to have to use it to pay off credit cards. Not that it actually will pay off any of them, but a girl can dream. Since I'm single I only get the $600 rebate. But I'm not counting on it yet, for some reason no matter how small my DI (disposable income) is I still end up looking like I have money on my taxes. I really can't figure it out.

If you greatly desire something, have the guts to stake everything on obtaining it. ~Brendan Francis


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MRSFIXIT's Photo MRSFIXIT SparkPoints: (0)
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1/25/08 1:37 P

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Yup, it's on the major news sites: $600 per individual, $1,200 per couple, $300 per independent children. I'm not sure how that's going to work for us because we claim DD on our taxes, but she does work & file taxes. I think we'll get the money because we claim her.

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

home.roadrunner.com/~andydonna


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SHEEPINGLY's Photo SHEEPINGLY Posts: 1,840
1/25/08 12:26 P

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Supposedly according to people I know who was watching the news said it did pass and we will be getting it around May/June.

So who knows if that's true.

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

See my Spark Page for status of Other Goals! rebellionstartsnow.typepad.com


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BFLYMAMA's Photo BFLYMAMA Posts: 2,478
1/25/08 6:29 A

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According to the news, it MIGHT be 1200 per married couple and an additional 300 per dependant child. Not getting my hopes up...may not happen at all...but if that were the case, we'd have 1800 for last year. We would spend about 1300 and make 4 truck payments and then wisely spend the rest. We'd stock up on paper towels, toilet paper, salt for the water softener, non-perishable and freezer groceries.

Amanda

"For I know the plans I have for you, declares the Lord, plans for a future of hope and good, not evil." Jeremiah 29:11



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ALASKAN's Photo ALASKAN SparkPoints: (37,730)
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1/25/08 12:20 A

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Hello Ladies,
I would put in the bank, let it build up on interest for about a year and then sent it in for my house payment or house insurance paid for 3yrs.

Live 1 day at a time and live it to the fullest. Wish you all the best that life has to offer.... Stay focused, positive and it will get you where you want to be or done in life itself.
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SILLIJILLI's Photo SILLIJILLI SparkPoints: (58,739)
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1/24/08 10:40 P

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I'll probably save it if I get it. I have no idea what to expect this year as far as taxes go, need to get on that.

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AQUAFISH's Photo AQUAFISH Posts: 302
1/24/08 10:34 P

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I would definitely put most of the money into savings. Although, that is not going to help with the recession. I would feel better with myself for saving instead of spending.

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1/24/08 3:59 P

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Well, from what I heard today it may be $1200 now instead of $1600 max. I hope they do it, that would cover our taxes owed almost to the penny. We'd break even...of course if they do it, we won't see it until maybe June (so says the news anyway). If it isn't until summer, the taxes will already be paid and we'll pay off a cc.

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CACOSTA's Photo CACOSTA Posts: 2,460
1/24/08 2:15 P

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If it does happen, my husband will want to split it and take half for his spending, which is what he wants to do every year with our income tax refund. I would also be paying towards one of the credit card balances. Although one of our vehicles needs new tires and that would really help a lot. Maybe that is what my husband can do with his half!
Carolyn

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1/23/08 5:02 P

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BTW, I hope nobody's counting on this money. From what DH was telling me last night, this refund might not happen at all.

Donna (Upstate NY)

"Even monkeys fall out of trees."

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EBAYQUEEN's Photo EBAYQUEEN Posts: 115
1/23/08 2:35 P

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I would pay of a bill or credit card with it, which is exactly the smart thing you are doing!

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Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great. ~~ Mark Twain

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1/22/08 11:26 P

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I would pay some for college classes,and pay some towards those nasty credit cards......

"To give anything less than your best is to sacrifice the gift" Steve Rolan Prefontaine

For I know the plans I have for you, declares the Lord, plans for welfare and not for calamity to give you a future and a hope. Jeremiah 29:11

Tina H.


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MAJORLEAGUE1's Photo MAJORLEAGUE1 Posts: 114
1/22/08 2:57 P

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I hate to say it too. But the economy wouldn't be stimulated with me either. Credit card bill would be paid with a great sigh of relief.
Marsha

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KIERAE's Photo KIERAE SparkPoints: (177,707)
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1/22/08 11:49 A

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Pay off a couple small balance credit cards, assuming I don't get shafted by IRS this year.

I like living. I have sometimes been wildly, despairingly, acutely miserable, racked with sorrow, but through it all I still know quite certainly that just to be alive is a grand thing. Agatha Christie
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CSTEVENSON's Photo CSTEVENSON Posts: 1,567
1/22/08 11:08 A

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Seeing as I'm in Canada, I can only dream. LOL

I would pay off my highest interest store credit card, which would be about half of that amount, and put the other half in savings. I SHOULD pay a bit on the next high interest card, but I am getting really tired of not having any cash on hand for unexpected expenses. So I'd sock it away for when it's needed. Plus those high interest cards are store cards, and when I use my cash to pay them, it's not like I then have credit available for an emergency, seeing as the card wouldn't be accepted by other vendors.


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ENILLA's Photo ENILLA SparkPoints: (16,337)
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1/22/08 9:04 A

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We do not owe this year BUT we got socked with back taxes from a withdrawal my hubby took out from his 401K and never repaid SO unfortunately all of ours would go towards that! emoticon
Really wish that man would just listen sometimes!
~E

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RSLINDIANA's Photo RSLINDIANA Posts: 2,773
1/21/08 10:50 P

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I'm going to owe more than that in taxes... emoticon

"What you leave behind is not what is engraved in stone monuments, but what is woven into the lives of others."
~Pericles

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MRSFIXIT's Photo MRSFIXIT SparkPoints: (0)
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1/21/08 9:14 P

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We're a little behind in our bills (well, DH, not me, but it affects us both). I don't know where we stand with taxes. I'm hoping that I can get us current & that we won't owe any money. If all of that is true, I'd like to get set up to make automatic mortgage payments, but we have to be 1 1/2 months ahead to get started. I'd need a sum of money to make that happen. I suspect $1,600 would do the trick.

Donna (Upstate NY)

"Even monkeys fall out of trees."

"Suffering is the tuition one pays for a character degree."

"Accept your diagnosis, but never your prognosis."

home.roadrunner.com/~andydonna


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SHEEPINGLY's Photo SHEEPINGLY Posts: 1,840
1/21/08 8:14 P

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I'd only get 800 too...with that i'd pay off my smallest balance credit card and then put the other 1/2 into ING.

Goals:

Pay off Debt [CT: $35,422.14 ]

Drop down to 135lb.

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KELLILI SparkPoints: (675)
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1/21/08 8:08 P

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If it just affects taxes owed, how does that work? What about people that have already filed? I'm 90% sure we will owe. I haven't gotten all my stuff yet, so I can't file yet anyway, but should we wait until April? I'm normally a file as soon as possible gal, but then again this will be the first time I've ever owed.

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KATENO9's Photo KATENO9 SparkPoints: (72,044)
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1/21/08 7:45 P

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Since I am single, I'd only get a max of $800. I'd do the patriotic thing and spend it :) I could take my staff out to lunch, buy some shoes, visit one of my children in either Chicago or Phoenix or buy my youngest son (who's going into his first place) a little furniture. With care, I could do all those things.

But one of the things I read about this is that they won't necessarily send a check to everyone, but will affect the taxes owed instead. Since I will owe (have the money set aside), I will simply owe $800 less in taxes. In that case, since it doesn't really seem like "found" money, I'd probably leave it in my savings account.

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*CAPOPPY*'s Photo *CAPOPPY* Posts: 675
1/21/08 7:14 P

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Put it all towards my credit cards although that would barely pay off one of them. Yeah, we are in a heap of trouble!

The only thing you can change is yourself, but sometimes that changes everything.



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AMANDAAQ's Photo AMANDAAQ SparkPoints: (0)
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1/21/08 7:09 P

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If I were given $1600, I would put at least $1000 of it away and pay off my credit card bill with the rest of it. I have to pay off that credit card because I put my tuition on it and it needs to be available by Spring semester.

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1/21/08 7:03 P

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Well, I'm hoping by some miracle we don't end up owing that much, but I did a few online calculators and they all say we owe. emoticon Crossing my fingers it's wrong lol.

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WATERLUVR's Photo WATERLUVR SparkPoints: (20,255)
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1/21/08 6:59 P

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I'd probably do something similar although I don't know how much we owe yet. Going to buy my TurboTax in Feb.

Those who believe they can do something are probably right and so are those who believe they can't.


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1/21/08 6:50 P

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If they do the economic stimulus package and mail you $1600, what will you do with it? We will owe $1130 in taxes this year, so we would pay that and then I'd pay on a cc bill. No stimulating the economy from this house lol. Just wondering what everyone would do... It's a bummer being responsible sometimes isn't it? emoticon

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