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If Uncle Sam Gave you $800 - Page 7

Poll Results: What would you do with $800 from the government

 
  • 0% (0)
    Refuse it
  • 44% (153)
    Pay to credit cards/car/consumer debt
  • 3% (11)
    Pay to medical bills
  • 16% (58)
    Pay to Emergency Fund
  • 8% (29)
    Pay to catch up bills (gas, electric, etc) that are behind
  • 8% (28)
    Buy something we need
  • 5% (20)
    Buy Something we want
  • 2% (8)
    Pay to student loans
  • 11% (40)
    Other
347 Total Votes  
post #121 of 136
Quote:
Originally Posted by normajean View Post
In starting the poll, I did mean EF as savings...whether its your $1000 EF or your 3-6 Months EF.
What if one already has a 3--6 mo EF, but would still put the money in savings? I didn't see an option for that.
post #122 of 136
we were going to wait till sept and preschool was free to send him to a local montessori but with the extra money sending him sooner is a lot more affordable and will guarantee he gets a spot there in sept.
post #123 of 136
I'd spend it on things I want. We don't have any consumer debt, we have an emergency fund of 3-6 months, and we are moving/buying a house at the end of the month. I'd put $800 toward rugs for the wood floors in the new house (didn't have those in our last house). I consider these wants, we could definitely make do without them.
post #124 of 136
I voted buy something we need. We're saving up for a wood burning stove and some solar panels. Eventually we'd like to convert our entire electrical system to solar, but know that will be a slow process for us given our finances.
post #125 of 136
I'd put it towards a new horse.
post #126 of 136
I put that I'd buy something we want. I'd get everyone something small that they want and then save the rest.
post #127 of 136
I would probably put it in savings to visit the ILs in Germany or if they decide to visit us. It will be expensive either way.
post #128 of 136
Quote:
Originally Posted by wonderwahine View Post
eh, keep some in savings, which would barely cover food costs for more than 3 mths, or keep the food stamps that provide guarenteed food for my family every single month and supplies my ds's pediasure....... I'll take the food stamps.
What I meant was, it's ridiculous that you are penalized for saving money. $1800 is not a lot of money in the long run. A one time windfall like this is not going to make a whit of difference in your big financial picture. I can't believe the government would take you off food stamps for depositing this check - which the gov't itself gave you - in a savings account. It's this backwards mentality (on the gov'ts part) that prevents people from improving their situation.
post #129 of 136
Save it.
post #130 of 136
Quote:
Originally Posted by famousmockngbrd View Post
What I meant was, it's ridiculous that you are penalized for saving money. $1800 is not a lot of money in the long run. A one time windfall like this is not going to make a whit of difference in your big financial picture. I can't believe the government would take you off food stamps for depositing this check - which the gov't itself gave you - in a savings account. It's this backwards mentality (on the gov'ts part) that prevents people from improving their situation.
Its terrible. in our state, they wont let you have food stamps if you own more than 2 cars.
post #131 of 136
Quote:
Originally Posted by wonderwahine View Post
Its terrible. in our state, they wont let you have food stamps if you own more than 2 cars.
In my state you couldn't have any car newer than 12 years, I think they only recently changed it.
post #132 of 136
Quote:
Originally Posted by jeca View Post
In my state you couldn't have any car newer than 12 years, I think they only recently changed it.
thats awful!! what if you had a really good paying job, got a nice new family car, you company lays you off suddenly or the company goes bust, now you cant even get food stamps because your car is new?
post #133 of 136
They had just crazy things that they would turn you down for. You couldn't have a savings account either. They even ask for all your bank information I guess to verify I'm not sure. This was about six years ago and I heard they did change a few things.
post #134 of 136
Quote:
Originally Posted by wonderwahine View Post
thats awful!! what if you had a really good paying job, got a nice new family car, you company lays you off suddenly or the company goes bust, now you cant even get food stamps because your car is new?
You are expected to sell the car and use the money to live from. Buy a nice little Pinto for a few hundred and you're set
post #135 of 136
Quote:
Originally Posted by jeca View Post
They had just crazy things that they would turn you down for. You couldn't have a savings account either. They even ask for all your bank information I guess to verify I'm not sure. This was about six years ago and I heard they did change a few things.
yeah, they ask about savings accts here too, I think we are allowed up to $100
post #136 of 136
Pay off Debt.
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