Economic Stimulus Refunds

If you are one of the millions that received the first economic stimulus package refunds via direct deposit, you may be thinking about what to do with the money. The original intent of the package was to stimulate the economy, but now, with the economy in recession, is spending it the smart thing to do? If you're like many Americans, you have debt. Whether it's your home or car or credit card debt, debt is debt. We've listened to financial experts say saving it or putting it towards debt is the smart thing to do. Now, with the downsizing of companies, the rising cost of oil and gas, possible food shortages and more, spending your check buying clothes and electronics may not be the smart thing to do.
Maybe think about putting it in a savings account, your retirement account, paying down your credit card to eliminate interest rates or any other form of savings account.
It's not what the Government planned for the stimulus package, but in lieu of our economic state, I think it's what Americans should do.

Posted by on 04/28 at 09:02 PM

The way gas prices continue to rise. I’ll be lucky if I’m able to fill my truck with my stimulus check.

Posted by  on  04/29  at  08:38 AM

I think if you are really smart..you will sit on this stimulus check for a spell..before even deciding what to do with it..

The world we live in today tends to change on a daily basis..and you have to train yourself to adapt to it..

On hand cash may be the deciding factor as to whether or not you make it one particular week..

Let’s not forget about unexpected things that tend to happen to us from time to time..car battery dies..tire blows out..hot water heater stops working..and too many more to list..

Any pleasure you gain from spending this money now will be short lived…

Posted by  on  04/29  at  10:02 AM

From Jimmy Buffett. This is a stimulus plan.

“We take the money that it’d cost us to build just one B-1 bomber, that one that doesn’t work. We change it into five dollar bills. We put all of this money into bags and we fly over the Atlantic Ocean, past Europe because they’re getting their shit togehter anyway. We drop this money on the Russian people. All those little tiny pictures of Abraham Lincoln come tumblin’ down out of the sky. I want them to feel those sawbucks in their hands. You know how your money feels when you accidently leave it in your blue jeans and you take it out and it’s all warm and soft, oooh! Well we let those Russian people hang on to that money for about a week and then we fly back over there. We fill our airplanes full of mail order catalogs from L.L. Bean. From up in Columbus, Sporty’s Pilot Shop. And Victoria’s Secret! The
Russian people have this money in their hand, the catalogs come down. They look at those pictures on the opening pages of the Victoria’s Secret catalog, not back in the outdoors section, you know what I’m talking about right? They got the money, they got the catalogs, they’re going to get the idea. They send all the money back to us to buy the stuff. We have full employment. There’s world peace, and the Russians have crotch-less underwear through the twenty-first century! Thank you!“

Posted by  on  04/29  at  10:30 AM

Page 1 of 1 pages

Log In | Register as a new member