If Uncle Sam Gave you $800 - Mothering Forums
View Poll Results: What would you do with $800 from the government
Refuse it 0 0%
Pay to credit cards/car/consumer debt 153 44.09%
Pay to medical bills 11 3.17%
Pay to Emergency Fund 58 16.71%
Pay to catch up bills (gas, electric, etc) that are behind 29 8.36%
Buy something we need 28 8.07%
Buy Something we want 20 5.76%
Pay to student loans 8 2.31%
Other 40 11.53%
Voters: 347. You may not vote on this poll

Forum Jump: 
Reply
 
Thread Tools
#1 of 136 Old 01-22-2008, 01:27 PM - Thread Starter
 
normajean's Avatar
 
Join Date: Oct 2003
Location: Slice of Heaven
Posts: 1,616
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
What would you do with it
normajean is offline  
#2 of 136 Old 01-22-2008, 01:28 PM
 
aircantu1's Avatar
 
Join Date: May 2002
Location: Texas
Posts: 561
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Pay it to my husband's car loan -- our last debt!!
aircantu1 is offline  
#3 of 136 Old 01-22-2008, 01:28 PM
 
celestialdreamer's Avatar
 
Join Date: Nov 2004
Posts: 4,766
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I chose other. I'd put it in our savings account.



ETA: I guess I could have chosen "Emergency Fund" but that is not really what we call it, so I didn't think of it!

~Rebecca~
mama to a sweet girl , & 4 silly boys

celestialdreamer is offline  
#4 of 136 Old 01-22-2008, 01:29 PM - Thread Starter
 
normajean's Avatar
 
Join Date: Oct 2003
Location: Slice of Heaven
Posts: 1,616
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by celestialdreamer View Post
I chose other. I'd put it in our savings account.
D'oh. I should have made that an option.
normajean is offline  
#5 of 136 Old 01-22-2008, 01:47 PM
 
naupakamama's Avatar
 
Join Date: Mar 2005
Location: Long Island, NY
Posts: 636
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I clicked consumer debt - but what I really mean is mortgage - also needed as an option

Di

, , , , , to DD1 (4.5 years old) and DD2 (7 months) and 2
naupakamama is offline  
#6 of 136 Old 01-22-2008, 01:50 PM
 
Kirsten's Avatar
 
Join Date: Mar 2002
Location: Washington state
Posts: 5,463
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Poll wouldn't let me choose more than one option. My instinct was to pay down credit card bills - to avoid the interest. But I ultimately voted to pay late gas/electric bills - to keep the power on in the winter! : After those were done, I'd pay the rest minus $50 or so to credit card bills. Then I'd do something fun with the $50.
Kirsten is offline  
#7 of 136 Old 01-22-2008, 02:35 PM
 
phathui5's Avatar
 
Join Date: Jan 2002
Location: Oregon
Posts: 17,479
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I'd do it in this order:

- If you're behind on bills, I'd catch up on those first
- If you don't have at least $500 in savings to cover an emergency, fill that in
- Then pay off debts

Midwife (CPM, LDM) and homeschooling mama to:
13yo ds   10yo dd  8yo ds and 6yo ds and 1yo ds  
phathui5 is offline  
#8 of 136 Old 01-22-2008, 02:38 PM
 
PrettyBird's Avatar
 
Join Date: Jun 2005
Posts: 2,314
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Well, I put emergency fund, but what I really mean is that I would put it into the fund we are saving to start DC #2's 529 plan when he or she is born. We already have enough in the emergency fund.
PrettyBird is offline  
#9 of 136 Old 01-22-2008, 02:42 PM
 
ledzepplon's Avatar
 
Join Date: Jun 2004
Location: San Diego, CA
Posts: 5,775
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I would put it toward our house--we have some renovation projects we need/want to do. I voted "put it toward something we need."

Wife to a wonderful dh and mom to four beautiful kiddos, dd (3/04):, ds1 (1/06), ds2 (10/08), and ds3 (7/10)
ledzepplon is offline  
#10 of 136 Old 01-22-2008, 02:42 PM
 
ustasmom's Avatar
 
Join Date: Jan 2004
Location: Blue Ridge Mountains
Posts: 2,999
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I'd buy something that we need.

That is the purpose of the rebate to put more cash in to the system.
It will probably go toward a home improvement project that will raise the equity in our house.
ustasmom is offline  
#11 of 136 Old 01-22-2008, 02:43 PM
 
Mommy Kahdib's Avatar
 
Join Date: Jan 2007
Location: Outside Boston, MA
Posts: 159
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Buy DD a swingset!!

Married to Mike blowkiss.gif(5/29/05) and mama to Emmie energy.gif (6/11/06), Chase superhero.gif(3/21/08) and our baby Parker lost at 16 weeks angel2.gif (2/22/10) , Sawyer joy.gif our rainbow1284.gif (7/11/11) and a girl baby.gif on the way in April! 
Mommy Kahdib is offline  
#12 of 136 Old 01-22-2008, 02:48 PM
 
ShaggyDaddy's Avatar
 
Join Date: Jul 2006
Location: Texas
Posts: 1,966
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
snowball it in like the rest of it !!
ShaggyDaddy is offline  
#13 of 136 Old 01-22-2008, 02:50 PM
 
asianyoushi's Avatar
 
Join Date: Dec 2007
Posts: 1,267
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
debt even though 800 wontcover 1 credit card.
asianyoushi is offline  
#14 of 136 Old 01-22-2008, 02:55 PM
 
HydeParkB's Avatar
 
Join Date: Nov 2003
Posts: 1,271
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Our oven broke a few weeks ago, and I think parts are no longer made for it. We would probably replace it if we had a windfall like that.

Bridget. Momma to DD (4), expecting DS - 9/09, wife to SAHD. Gardener, coffee addict, urban dweller.
HydeParkB is offline  
#15 of 136 Old 01-22-2008, 02:56 PM
 
Piglet68's Avatar
 
Join Date: Apr 2002
Location: Vancouver Island, Canada
Posts: 11,097
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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).

teapot2.GIF Homeschooling, Homesteading Mama to DD ('02) and DS ('04)  ribbonjigsaw.gif blogging.jpg homeschool.gif

Piglet68 is offline  
#16 of 136 Old 01-22-2008, 03:02 PM
 
broodymama's Avatar
 
Join Date: May 2004
Location: Watching the rain
Posts: 7,374
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 4 Post(s)
Put it in the "pay the midwife" fund.

Chaotic uc.jpg homeschool.gif mama to 5 plus a bonus one on the way.  stork-suprise.gif

chicken3.gif

broodymama is offline  
#17 of 136 Old 01-22-2008, 03:05 PM
 
phatchristy's Avatar
 
Join Date: Jul 2005
Location: Controlled chaos...
Posts: 9,381
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Put into investments...

Perpetually breastfeeding or pregnant ENFP mom to a lot of kids...wife to a midwestern nice guy...living in tropical paradise...pink cats and homebirths rock!

phatchristy is offline  
#18 of 136 Old 01-22-2008, 03:31 PM
 
polyhymnia's Avatar
 
Join Date: Jan 2007
Location: Greater Seattle area
Posts: 2,581
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
We don't have any debt other than my student loan which I'm not paying down early as it's at 1.65% and I'm using it to establish my credit. So, I would put half in my Roth IRA and use half for something fun. I voted other cause that option wasn't on there

jog.gif:bikenew.gif// knit.gif:reading.gif:notes2.gif // cat.gif:cat.gif 

Our precious baby girl is coming to turn our world upside down in January 2014!

polyhymnia is offline  
#19 of 136 Old 01-22-2008, 03:36 PM
 
jeca's Avatar
 
Join Date: Sep 2002
Location: Dark side of the Moon
Posts: 9,026
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Well I need a new dryer but I would probably use it to pay off a loan we have. Once we pay it off it would clear up $180 a month.
jeca is offline  
#20 of 136 Old 01-22-2008, 04:26 PM
 
Krystal323's Avatar
 
Join Date: May 2004
Location: In a world of dreams
Posts: 3,394
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
we have some credit debt, but there are also about a gajillion things we need, so that's my first priority. $800's barely even enough to buy furniture, grumble...

Freethinking Earth-mama of five. uc.jpg

Krystal323 is offline  
#21 of 136 Old 01-22-2008, 04:32 PM
 
bohemama's Avatar
 
Join Date: Jan 2005
Location: almost paradise
Posts: 1,080
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Quote:
Originally Posted by ShaggyDaddy View Post
snowball it in like the rest of it !!
:

Sarah loving wife to Scot...joyous mama to...
Emilee and Elaina and our newest addition Elliot Bell 9/15/10
bohemama is offline  
#22 of 136 Old 01-22-2008, 05:05 PM
 
nd_deadhead's Avatar
 
Join Date: Sep 2005
Posts: 2,143
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 3 Post(s)
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.

If the chips are down, the buffalo is empty.

nd_deadhead is offline  
#23 of 136 Old 01-22-2008, 05:06 PM
 
b&c'smama's Avatar
 
Join Date: Oct 2005
Location: Puget Sound, WA
Posts: 374
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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!
b&c'smama is offline  
#24 of 136 Old 01-22-2008, 05:08 PM - Thread Starter
 
normajean's Avatar
 
Join Date: Oct 2003
Location: Slice of Heaven
Posts: 1,616
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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.
normajean is offline  
#25 of 136 Old 01-22-2008, 05:13 PM
 
mesecina's Avatar
 
Join Date: Apr 2004
Posts: 338
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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...
mesecina is offline  
#26 of 136 Old 01-22-2008, 05:18 PM
 
DandeCobb's Avatar
 
Join Date: Jul 2006
Location: In constant renovation
Posts: 1,578
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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.
DandeCobb is offline  
#27 of 136 Old 01-22-2008, 06:28 PM
 
jeca's Avatar
 
Join Date: Sep 2002
Location: Dark side of the Moon
Posts: 9,026
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Don't you have to make less than $16,000 as a family to get this?
jeca is offline  
#28 of 136 Old 01-22-2008, 06:38 PM
 
Inquiringmind's Avatar
 
Join Date: Nov 2007
Location: NC
Posts: 144
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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.

: 3/10
Inquiringmind is offline  
#29 of 136 Old 01-22-2008, 06:44 PM - Thread Starter
 
normajean's Avatar
 
Join Date: Oct 2003
Location: Slice of Heaven
Posts: 1,616
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
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.
normajean is offline  
#30 of 136 Old 01-22-2008, 06:49 PM
 
jeca's Avatar
 
Join Date: Sep 2002
Location: Dark side of the Moon
Posts: 9,026
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Ok, I think I read something different on another thread but I'm not sure the two are related.
jeca is offline  
Reply

Quick Reply
Message:
Drag and Drop File Upload
Drag files here to attach!
Upload Progress: 0
Options

Register Now

In order to be able to post messages on the Mothering Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
If you do not want to register, fill this field only and the name will be used as user name for your post.
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page


Forum Jump: 

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off