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If Uncle Sam Gave you $800 - Page 2

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 #21 of 136
Quote:
Originally Posted by ShaggyDaddy View Post
snowball it in like the rest of it !!
:
post #22 of 136
I just want to comment here - Uncle Sam NEVER gives you money. If you get a tax refund, it is a return of the interest-free loan you have been giving the governement all year, through too much withholding.

I try to adjust my withholding so that I pay in a few hundred dollars each year - sometimes I adjust several times during the year. I would much rather have the money to use (or save) every month than get a lump sum at the end of the year.
post #23 of 136
I HATE that the government is doing this! It's like giving a bandaid to someone who needs open heart surgery. We (the average American, that is) are in way too much debt, already buy way too much (which is why we're in debt). Our entire economy is based on consumption. What does our govt want to do?... encourage us to buy more... I think its insane!

I will take the money... but I will put it in kids college funds. I refuse to spend even one dime of it on more consumer crap because that is exactly what
Bush wants me to do!
post #24 of 136
Thread Starter 
Quote:
Originally Posted by nd_deadhead View Post
I just want to comment here - Uncle Sam NEVER gives you money. If you get a tax refund, it is a return of the interest-free loan you have been giving the governement all year, through too much withholding.
I'm not talking tax refunds...talking about the proposed tax rebates where the government mails everyone a check. They are talking about $800 per individual, or $1600 per family.
post #25 of 136
Well, last time they did that, it was at the same time as our town voted down a tax increase for the schools, so we donated it to our local school system. I'd consider something similar if it happens again...
post #26 of 136
with unexpected things like that, we frequently take 25% for ourselves (so $200) and the rest goes to savings or debt. we are not disciplined enough not to feel bitter if we dont get to enjoy a piece of it. and to answer your question, with 200 blow money we'd prob go to cincinnati, ohio and spend a weekend at the zoo/aquarium.
post #27 of 136
Don't you have to make less than $16,000 as a family to get this?
post #28 of 136
Quote:
Originally Posted by nd_deadhead View Post
I try to adjust my withholding so that I pay in a few hundred dollars each year - sometimes I adjust several times during the year. I would much rather have the money to use (or save) every month than get a lump sum at the end of the year.
That was my first thought. I'd change my withholdings to make sure that money stayed in my pocket to start with.
Reading further, I see that wasn't what you ment. I haven't heard about Uncle Sam giving us refund checks. If I got one unexpectiedly, I'd put it in savings....maybe towards retirement.
post #29 of 136
Thread Starter 
Quote:
Originally Posted by jeca View Post
Don't you have to make less than $16,000 as a family to get this?
I don't think so. None of it is finalized yet, but Bush wants it to go to all tax-paying families. So if you don't pay taxes, you wouldn't get it because its a rebate. Congress is looking at how to adjust it so that it would be targeted toward only "lower income" which from what I've seen is being defined as under $80,000. Since middle class families are the ones that would be most likely to consume and therefore "boost" the economy they are the target recipients.
post #30 of 136
Ok, I think I read something different on another thread but I'm not sure the two are related.
post #31 of 136
I would argue to save it, dh would argue to buy more ammo. He is stocking up before a democrat gets into office and starts banning stuff. (yup, were rednecks)
post #32 of 136
We would buy everyone new clothes and shoes. We're already doing this anyway, but being able to do it all at once instead of a little at a time would be nice.
post #33 of 136
The last time something like this was done it was the less you made the more you got. So those of us who made more and already spent more, didn't benefit from it.
post #34 of 136
Well- we have only mortgage debt 1000 in a ef and 3mo expenses-I would like that pped to 6 mo. Half would go to that the rest for dh and I for wants for him hunting stuff for me it would be house furnishings
post #35 of 136
Quote:
Originally Posted by Piglet68 View Post
We're not in the US but if we got that it would go right into the savings account.

btw, don't you guys find it sad that the whole point of that "bonus" is to get people spending more money, when the average consumer is already spending more than they have? this thread is home to the few who would use that money responsibly, and that would actually defeat the government's plan for that money (which is to get you to buy stuff).

Agreed!! Ours would go into savings.
post #36 of 136
Our car loan... our last debt before student loans.
post #37 of 136
we are only in January and have already amassed over $800 in med. bills. So, it's gone already.
post #38 of 136
some bills, some grocheries and household supplies, some S.E.X (not the dirty kind, the cross stitch kind.....stash enhancing experience), new clothes and shoes, new clothes for ds, maybe a haircut.

and since we file as married, we would get $1600 according to the news article i read

and i wouldnt put any in savings or an emergency fund, because having that tucked away would make us loose our foodstamps.
post #39 of 136
I'd ay bills and debt, and maybe take a small amount of it to buy a few things we need for the household.
post #40 of 136
Savings.
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