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If Uncle Sam Gave you $800 - Page 5

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 #81 of 136
Looks like they are close to reaching an agreement and the conditions have changed.

http://news.yahoo.com/s/ap/20080124/...onomy_stimulus
post #82 of 136
Stingy bastards cut the amount! Now I won't be able to buy as much cheap plastic crap from Walmart! Darn!
post #83 of 136
This was on "The Conversation" on NPR yesterday. Some people said they would take it to a casino and gamble with it. I smiled at that one
post #84 of 136
eh, $600 is better than nothing
post #85 of 136
It's really telling that you didn't include "save" or "invest" on your poll. That says a lot about our society!!
post #86 of 136
Quote:
Originally Posted by Red Sonja View Post
Put it in the "pay the midwife" fund.
:
post #87 of 136
If it's not actual free money (I have to pay it back or it reduces my refund next year), I'll refuse it. If they're gonna squander money though, I might as well get in on it and get myself a new couch and loveseat from Ikea
post #88 of 136
Quote:
Originally Posted by A&A View Post
It's really telling that you didn't include "save" or "invest" on your poll. That says a lot about our society!!
post #89 of 136
I voted in the EF, but honestly, I'm using the EF to save for dh's 4 wheeler(for his cord wood business).

I plan to get the EF high enough that by the time I ned to buy the 4 wheeler, we'll have enough in there to cover it, and still leave 3 months expenses.

I hate that the gov't wants us to spend it!
post #90 of 136
Quote:
Originally Posted by mesecina View Post
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...

I checked "Emergency Fund", but I was figuring that part would go into the Emergency Fund and part would go to charity. The schools would be a great place to start. Now, may I just continue to develop the discipline I'll need when I have that check in my hot little hands! (DH & I both have a way of making "wants" into "needs")
post #91 of 136
Quote:
Originally Posted by A&A View Post
It's really telling that you didn't include "save" or "invest" on your poll. That says a lot about our society!!
Our EF is our savings, I'm assuming it's others too so not really sure what you mean. Are you not counting the EF or something?:
post #92 of 136
Thread Starter 
Quote:
Originally Posted by jeca View Post
Our EF is our savings, I'm assuming it's others to so not really sure what you mean. Are you not counting the EF or something?:
In starting the poll, I did mean EF as savings...whether its your $1000 EF or your 3-6 Months EF.
post #93 of 136
I checked other as we'll put it in savings and DS 529 account.
post #94 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.
That's what I thought that's why I didn't get what she meant.
post #95 of 136
When Bush did this before we put most of it in the kids 529 accounts.

This time I'd probably add it to savings to remodel the house.
post #96 of 136
I am so freaking irritated with this stimulus package that I am wanting to do nothing with it other than cash the check and stuff the cash in my mattress or something. Literally just keep it out of the economy out of spite. In reality, it will go into our savings account or retirement fund or to charity or some combination.

I do not need $1500 (married couple + 1 son). I just don't. My husband and I make good money and pay our taxes and mortgage and have no consumer debt. I would rather see that money go to buying more education, more food stamps, more unemployment benefits, more incentives for employers to hire local workers. That would actually stimulate the economy. Giving upper middle class folks money to buy a flat screen or a dyson vaccum is not going to be a stimulus that HELPS PEOPLE:.

Buying Chinese made consumer goods is not going to revive our economy. This is a short term simple approach to a long term complex problem and I am really disappointed in my elected officials for this election year fell good junk policy. I was ready to reach into the radio and SLAP both of the people I might vote for in November for President.
post #97 of 136
Quote:
Originally Posted by naupakamama View Post
I clicked consumer debt - but what I really mean is mortgage - also needed as an option

Di
Same here. We will use it for mortgage.
post #98 of 136
Does anyone know if this is based on 2006 info, or 2007?
post #99 of 136

Still befuddled

K I am STILL befuddled by this package.

Is this a "prebate" on my 2008 tax year refund which we would receive in 2009? If so, we're paying taxes this year in addition to that withheld for 2007 so wouldn't I just end up owing MORE money to the gov't in April 2009. DH makes under 50k, 2 kids, I'm a sahm.

If NOT, please explain this.......I feel like I am simple minded today or something.

AAAAHHHHHHH!!!!!!

Liz
post #100 of 136
I think that it is an adjustment to tax law. They eliminated the 10% on the first $10,000 of income. You would have normally received that savings when you filed taxes next year. But, they are sending out money this year rather than give you a larger refund next year.

I think.

That is how I read this thing. There has to be more to it, though since even those who pay no tax will receive $300.
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