Economic Stim Checks--plan on spending or saving?

Not the answer you'd prefer to hear, but we would absolutely simply pay a bill with the check - or put it into the bank. Instead of going out and buying something else, we would use it to pay for something we already have.

I seem to recall that the last time there was one of these checks that went out (right after Bush took office and after 9/11) - there was a lot of analysis done after the fact. Apparently, it did NOTHING to stimulate the economy.

Personally, I sure wish our public schools got an infusion of all that cash - instead of sending out this "stimulus." Or, our police and fire departments, or our public roads/highways, or used for insurance for un-insured children, or, the list goes on and on........

Happy2BMommy, is a stay-at-home mom who just turned 40 (argh!) with a 6 yr. old daughter and a 4 yr. old son, and is a discussion leader for arizonamoms.com living in Scottsdale.

I think plenty of people will still mindlessly spend the money, no matter how much debt they are in. These are the people the stimulus package is aimed at. The smart thing for most people to do is to bank that money or pay down their debt, not go out and buy more (inappropriate term) like good little doobies, but we live in a society of spend now, pay later.....I don't like how the goverment is encouraging people to spend this money when that really isn't in their best interest.....the message that the dream of home ownership was never more acheivable was also pushed by the govt a few years back.....when it really wasn't realistic for many people and they got in over their heads - and now what a mess we are in.
I am wondering if we will have to claim this money as income on our 2008 taxes......supposedly this is money we hve already paid as tax, and it would not suprise me to see them tax us on it next year.

I'm afraid this great rebate idea Bush had will have little to zero effect on the economy. I will be paying down debt as well as nearly everyone I talk to.

sure, fine, whatever

I need a new computer. I am about to throw the one I have out a window :) So, I will be "mindlessly spending" my check "like a good little dooby" :) Can't wait to see that brand new IMac sitting on my desk!

We are putting my son in preschool in the fall and have been wondering how we will afford the extra payment for his tuition each month. This money will be going to his preschool - good timing for us!

We'll be saving--boring I know. With the cost of gas and food rising and my hubby in a commission industry, we need all the savings we can get--you just never know.

Brooke Romney is an unbalanced mom of three young boys who constantly has too much to do, and too little time. She writes the Mom Beat column for The Gilbert Republic.

My husband and I have discussed this at length. We know we should be "good" and either pay down some debt or put it into savings, but we've had a really, really rough few years, and decided we're going to take our son to San Diego for a long weekend. We're all in serious need of some fun and some R&R; though we should do the "responsible" thing, we find our sanity is in more dire need of attention than our bank account!

Not sure what we are going to do with it. My husband just moved offices and it took a lot of money to get the new place up to par. I would like to save it, he will probably want to spend it!!

KarilouMomof2 is a discussion leader for arizonamoms.com living in Tempe. Her daughters are 9 and 6.

the DOOBIE comments had me cracking up. and i just typed that then accidentally substituted a "b" for the "d" then my son hit the button and I thought it went through!! LOL

Christine
Proud Mom of Logan and Kale

it will go towards to our new house :)

H~

I'm afraid ours has to go towards a house a/c and our car's a/c. Our home one has been on this house since it was built, in 1973. It is completely shot. The only car we have is now blowing hot air instead of cold when we turned it on.

We had planned on spending a bit and saving most of it, but you know how plans go.

I feel bad for all the small business owners, this has to be a harrowing time for them. I hope you can ride it out, this will end, hopefully sooner than later. I would rather buy from small businesses than Walmart any day.

Mom of sons M (18), J (14), and daughter S (11) ... I love them all but heaven help me, some days I want to run away :)

A portion will go into my daughters savings account. But the rest, i am not sure. Our only debt is our mortgage. Maybe we will treat ourselves or improve something around the house.

just~me

We're going to use ours for our summer vacation in san diego.

Susie is a discussion leader in the east valley for arizonamoms.com. She has two sons, ages 6 and 2.