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What will you do with your economic stimulus rebate?

 
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All Forums >> [Life] >> Finances >> What will you do with your economic stimulus rebate?
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[Poll]

What will you do with your economic stimulus rebate?


Put it in savings
  15% (13)
Invest it
  2% (2)
Pay bills
  24% (21)
Put it in your gas tank :(
  8% (7)
Make a specific purchase (car, computer, etc.)
  15% (13)
Treat yourself or your family
  10% (9)
Give it to charity
  3% (3)
I won't get one
  7% (6)
Other
  12% (11)


Total Votes : 85


(last vote on : 7/11/2008 3:51:48 AM)
(Poll will run till: -- )
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What will you do with your economic stimulus rebate? - 3/19/2008 12:01:57 PM   
PrincessDonna


Posts: 10213
Joined: 4/11/2005
From: Cow country, Upstate NY
Status: online
What will you do with your economic stimulus rebate?

_____________________________

I will praise you, O Lord, among the nations;
I will sing of you among the peoples.
For great is your love, reaching to the heavens;
your faithfulness reaches to the skies.
~Psalm 57:9-10~
Post #: 1
RE: What will you do with your economic stimulus rebate? - 3/19/2008 12:33:09 PM   
meg4

 

Posts: 211
Joined: 4/21/2005
From: North Georgia
Status: offline
I'm not really sure because I don't know how much I will get. When I first heard about it, I thought I would put my part in my emergency fund and give the kids' part to them, if I got some for the kids. My 15 year old daughter is saving for a car and insurance and that would help her, and my 17 year old son is working and going to school and pays his own car expenses and insurance, computers, entertainment, etc. so he would appreciate getting $300.

But then yesterday I got the flyer about it from the IRS and I am not sure that I will get any for my son because he doesn't qualify for the child tax credit because he is already 17. I thought that maybe he would get the payment himself because he paid in about $475 in income tax this year, but the flyer said that if you qualify as a dependent of another person, which he did, you won't get a payment. So I guess all the 17 and 18 year olds are kind of left out of this.
Post #: 2
RE: What will you do with your economic stimulus rebate? - 3/19/2008 12:55:05 PM   
APZR


Posts: 839
Joined: 4/18/2005
From: GA
Status: offline
It'll go right back to them to cover a wee little portion of my tax bill.

_____________________________

Ya can't keep trouble from visitin, but you don't have to offer it a chair.
Post #: 3
RE: What will you do with your economic stimulus rebate? - 3/19/2008 1:11:14 PM   
IonMoon


Posts: 981
Joined: 4/21/2005
From: The Unted State of Confusion
Status: online
We are using it to pay for my last 3 credits of grad school (yeah!).

Tara P

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Post #: 4
RE: What will you do with your economic stimulus rebate? - 3/19/2008 1:13:12 PM   
laura...


Posts: 2778
Joined: 3/1/2005
From: NE Ohio
Status: offline
quote:

ORIGINAL: APZR

It'll go right back to them to cover a wee little portion of my tax bill.


Same here. It will go back to the IRS.

_____________________________

This is what the Lord says: “Stop at the crossroads and look around. Ask for the old, godly way, and walk in it. Travel its path, and you will find rest for your souls. But you reply, ‘No, that’s not the road we want!’ Jer 6:16
Post #: 5
RE: What will you do with your economic stimulus rebate? - 3/19/2008 1:14:45 PM   
peace77

 

Posts: 789
Joined: 4/18/2005
Status: offline
Meg4,

The child tax credit and the tax stimulus payment are NOT the same. You should be able to get the tax stimulus payment on all of your children and dependents.


Peace,
Anne

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Post #: 6
RE: What will you do with your economic stimulus rebate? - 3/19/2008 1:54:17 PM   
Pat-rebel_lady

 

Posts: 619
Joined: 4/12/2005
Status: offline
For us, our Real Estate Taxes is a Bill, so I voted ' Pay bills' . Truthfully, I'm not sure we could meet this forthcoming Bill in July, this year, without the economic stimulus rebate.
Post #: 7
RE: What will you do with your economic stimulus rebate? - 3/19/2008 2:06:23 PM   
Pat-rebel_lady

 

Posts: 619
Joined: 4/12/2005
Status: offline
BTW, I'd rather buy the things I've had to put aside, like a new CD Player, clothes, books, a new living room Chair, and etc.; what the economic stimulus rebate was to go for; but our lovely State raised sales taxes again (to 6%), they raised our Gas & Electric Co. bill by 70%, and Gas at the pumps, as everyone knows, is UP, and groceries along with everything else has gone UP, and on and on it goes. Some of us on fixed incomes don't have a choice, it's pay the bills or lose what we do own.
Post #: 8
RE: What will you do with your economic stimulus rebate? - 3/19/2008 2:28:40 PM   
meg4

 

Posts: 211
Joined: 4/21/2005
From: North Georgia
Status: offline
Anne,

I hope that my son does qualify, but the thing we got in the mail yesterday said "Individuals eligible for payments may also receive an additional $300 for each qualifying child for the child tax credit." Maybe it is not the same child tax credit that is on the 1040.
Post #: 9
RE: What will you do with your economic stimulus rebate? - 3/19/2008 2:53:12 PM   
PrincessDonna


Posts: 10213
Joined: 4/11/2005
From: Cow country, Upstate NY
Status: online
In answer to my own question...we're not exactly sure how much we're getting. If it's the lower end, it will all go toward a smaller, lower mileage vehicle for my husband to drive to work. His truck is about to die and he works 20 miles away. If it's toward the higher end, we will also top off our heating oil tank, pay a bill or three, help fund hubby's mission's trip in October, and of course...have Chinese or pizza a couple times.

_____________________________

I will praise you, O Lord, among the nations;
I will sing of you among the peoples.
For great is your love, reaching to the heavens;
your faithfulness reaches to the skies.
~Psalm 57:9-10~
Post #: 10
RE: What will you do with your economic stimulus rebate? - 3/19/2008 5:31:24 PM   
rhippie


Posts: 618
Joined: 4/13/2005
From: Rich The Hippie
Status: online
Mine's going to be used as an Estimated Tax Payment for next year

_____________________________

Stand up for what's right....even if you're standing alone
Post #: 11
RE: What will you do with your economic stimulus rebate? - 3/19/2008 6:33:42 PM   
Miss Giggles


Posts: 4136
Joined: 4/18/2005
From: MI
Status: online
Save.
Post #: 12
RE: What will you do with your economic stimulus rebate? - 3/19/2008 9:22:28 PM   
Mrs.Wifey


Posts: 5020
Joined: 4/12/2005
From: The Gorgeous plains of Colorado
Status: offline
Some will pay off debt, and some will buy some new "sparklies"(a new wedding band) :)

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Ryanne

Post #: 13
RE: What will you do with your economic stimulus rebate? - 3/19/2008 10:32:34 PM   
APZR


Posts: 839
Joined: 4/18/2005
From: GA
Status: offline
quote:

ORIGINAL: laura...

quote:

ORIGINAL: APZR

It'll go right back to them to cover a wee little portion of my tax bill.


Same here. It will go back to the IRS.

Crazy isn't it? But I'm glad to be getting something back to send back...
but will probably have to report it as "income" next year!

_____________________________

Ya can't keep trouble from visitin, but you don't have to offer it a chair.
Post #: 14
RE: What will you do with your economic stimulus rebate? - 3/19/2008 11:03:31 PM   
rhippie


Posts: 618
Joined: 4/13/2005
From: Rich The Hippie
Status: online
quote:

ORIGINAL: APZR

quote:

ORIGINAL: laura...

quote:

ORIGINAL: APZR

It'll go right back to them to cover a wee little portion of my tax bill.


Same here. It will go back to the IRS.

Crazy isn't it? But I'm glad to be getting something back to send back...
but will probably have to report it as "income" next year!


The IRS has already stated that it won't be treated as income next year

_____________________________

Stand up for what's right....even if you're standing alone
Post #: 15
RE: What will you do with your economic stimulus rebate? - 3/20/2008 6:31:02 PM   
Harvie


Posts: 1240
Joined: 4/18/2005
From: california
Status: offline
Savings.... we're trying to build our savings back up.

_____________________________

PLEASE PRAY FOR MY DEPLOYED (AGAIN) HUSBAND ... THIS IS HIS FIFTH TIME
Post #: 16
RE: What will you do with your economic stimulus rebate? - 3/20/2008 7:27:54 PM   
garsyt


Posts: 2282
Joined: 4/12/2005
From: the bottom of the laundry basket
Status: offline
I voted other since for us it's going to pay some dental/orthodonture stuff my hubby and dd need to have done ASAP. HOPEFULLY we'll be able to use some of it to pad our vacation fund a bit more so our trip to Minnesota this summer won't be quite as tight as we thought it would be.

Blessings,

Garsy

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Post #: 17
RE: What will you do with your economic stimulus rebate? - 3/21/2008 1:10:32 PM   
buckifn

 

Posts: 1700
Joined: 5/23/2006
Status: offline
I doubt if we get one,,,but if we do I think I may invest it in community outreach.
Post #: 18
RE: What will you do with your economic stimulus rebate? - 3/21/2008 1:23:57 PM   
hjemerson


Posts: 213
Joined: 3/4/2008
Status: offline
We will Spilt it up small weekend trip .grand children fun,.gas tank ,bills! All after the Lords get his part! Maybe a new winter coat! ,!
Post #: 19
RE: What will you do with your economic stimulus rebate? - 3/21/2008 5:17:06 PM   
vmginny


Posts: 632
Joined: 3/31/2006
Status: offline
My husband has it spent already. NO options on my part.

_____________________________

Mark 10:27
Looking at them, Jesus *said, “ With people it is impossible, but not with God; for all things are possible with God.”
Post #: 20
RE: What will you do with your economic stimulus rebate? - 3/21/2008 11:00:58 PM   
imit8him

 

Posts: 233
Status: offline
Mine's going to pay bills mostly (along with a tithe). It's good to get "free" money.
Post #: 21
RE: What will you do with your economic stimulus rebate? - 3/21/2008 11:29:16 PM   
LCannon


Posts: 1231
Joined: 2/22/2007
From: Lebanon, OR
Status: offline
Income taxes(it'll about cover my state)or new recliner or I saw a ivory window pane(thin brown lines)silk/bamboo dress jacket that I might pick up!

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"I will behold Thy face for I shall be satisfied when I awake to Thy likeness."
(Psalm 17:15)

"To see God and to be like Him; what more can I desire? I believe it and I expect it."
(CH Spurgeon)
Post #: 22
RE: What will you do with your economic stimulus rebate? - 3/22/2008 1:39:52 AM   
uponeagleswings


Posts: 1849
Joined: 4/12/2005
From: Out here in the desert
Status: offline
I marked make a specific purchase, but really it will be helping pay for a purchase that was already made- our new AC unit after the old one died. It will help pay for a chunk of that.

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Strange things

"A violet is not an impaired daisy."
Post #: 23
RE: What will you do with your economic stimulus rebate? - 3/22/2008 3:06:09 AM   
Annie64


Posts: 830
Joined: 6/4/2007
From: Indianapolis, IN
Status: offline
I voted treat yourself or your family. I know there are other "better" things we could do with the money, but every year for the past 7 years or so our family has taken a two day trip to a particular amusement park in the summer (Holiday World in Santa Claus, Indiana ). It is the one thing that everyone in the family looks foreward to with great anticipation, and it has, every year, been a tremendous bonding time for us. We didn't know how we were going to afford it this year until we found out about the rebate checks.

_____________________________

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ALL other ground is sinking sand.
Post #: 24
RE: What will you do with your economic stimulus rebate? - 3/22/2008 7:23:39 AM   
Biblefreak


Posts: 632
Joined: 8/10/2006
From: the spirit of God
Status: offline
We'll do something with our kids. The rest is going to the savings.

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My heart is pounding in my chest
Cause this love's the best
I'm just a love addict"
Post #: 25
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