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03-12-2008, 06:15 PM
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$ Saving First Grader
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Join Date: Dec 2006
Posts: 8
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what are you going to do with stimulus payment
just wondering what are you going to do with stimulus payment? my $600 since iam single. i will spend on clothes and audio equipment. need receiver and pail of bose 301 speakers stand. lucky iam getting bose 301 stereo speakers for free since my company awarding me with many years of serivces.
i think most will reply by paying credit cards bills or savings.
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03-12-2008, 06:40 PM
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$ Saving Assistant Professor
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It depends. We're having our taxes done tomorrow. We don't believe in loaning the IRS money all year, so we owe come April 15. Once I know how much we'll owe this year, that may determine where the stimulus payment goes. Assuming we owe $2,000-$3,000 for taxes, the rebate will just go to help replenish the money used to pay the tax bill. Not too exciting, huh.
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Steve
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
* The world is a book and those who don't travel read only one page.
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03-12-2008, 06:47 PM
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$ Saving College Freshman
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Join Date: Jan 2008
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Quote:
Originally Posted by disneysteve
It depends. We're having our taxes done tomorrow. We don't believe in loaning the IRS money all year, so we owe come April 15. Once I know how much we'll owe this year, that may determine where the stimulus payment goes. Assuming we owe $2,000-$3,000 for taxes, the rebate will just go to help replenish the money used to pay the tax bill. Not too exciting, huh.
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I'm in the exact same senario. Since the checks don't come until May or later, It will just fund one of my quaterly's. |
03-12-2008, 08:29 PM
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$ Saving College Freshman
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DH's student loan. Same as every other spare penny this year. Also not that exciting.
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"Chicago attacked the weather with bare arms and Saints QB Drew Brees with naked aggression. They knocked him down, sacked him, beat him, pounded him and caused a fumble, an interception, a safety and probably post-traumatic stress disorder. " - Dan Wetzel
Go Bears!
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03-12-2008, 09:29 PM
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$ Saving Fifth Grader
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Join Date: Dec 2007
Location: Bronx
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Either into my savings, or my car note. I'm more leading towards the car note at the moment.
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Saving is my Lifestyle.
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03-13-2008, 03:32 AM
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$ Saving Sixth Grader
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Join Date: Sep 2007
Posts: 66
Points: 380.00
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Savings.
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03-13-2008, 03:35 AM
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$ Saving HS Junior
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Join Date: Apr 2007
Posts: 208
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We are installing an invisible fence for our dog. We were planning on installing one but this makes it happen sooner.
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03-13-2008, 04:46 AM
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$ Saving College Junior
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Join Date: Sep 2006
Location: Northern California
Posts: 1,034
Last Blog Entry: Electricity/Heat
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Back to the IRS - owe around $1k that I don't have earmarked/saved. (In the end I guess I should say savings, since I didn't expect it. Otherwise my savings would have been $1k lighter for the long run).
The other $800? I think we will use it for some long needed work around the house.
It's all money we would have spent anyway. But I think we would have waited at least another 6 months to save the money for stuff around the house. So it will be nice to do it sooner.
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03-13-2008, 05:32 AM
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Foot in mouth diseased
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Roth.  |
03-13-2008, 06:49 AM
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$ Saving College Senior
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Join Date: Feb 2007
Location: Milford, OH
Posts: 1,736
Last Blog Entry: Coming Home I
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Probably $1200 to supplies for twins being born within next 3 months.
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One person's stupidity is another person's job security.
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03-13-2008, 07:08 AM
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$ Saving Assistant Professor
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Quote:
Originally Posted by jIM_Ohio
Probably $1200 to supplies for twins being born within next 3 months.
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That should pay for diapers and formula for a week or so.
__________________
Steve
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
* The world is a book and those who don't travel read only one page.
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03-13-2008, 07:25 AM
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$ Saving HS Junior
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Just one more nice payment to my credit cards.
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03-13-2008, 07:27 AM
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Ours is going into savings. Not very "stimulating" huh?
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03-13-2008, 07:35 AM
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$ Saving Jr. High Schooler
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Join Date: May 2006
Location: Alabama
Posts: 85
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Whatever I get, if anything, will probably go in the gas tank! By then, gas will probably be over $4/gallon. It's $3.12/gallon here in AL...
But seriously, if I get anything, it's going into savings (to fund my gas budget). I've already cut back on my driving ALOT. I do most, if not all, my errands on my way home from work. Since I live 24 miles away from work, I'm watching every mile I drive...
Dixie
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03-13-2008, 07:39 AM
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$ Saving HS Sophomore
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Join Date: Jan 2008
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Since we already sent a $900 check to the IRS and another $655 will be sent to the NC Tax man, that took care of our $1,500 stimulus payment  already. |
03-13-2008, 08:16 AM
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$ Saving College Senior
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Join Date: Feb 2007
Location: Milford, OH
Posts: 1,736
Last Blog Entry: Coming Home I
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Quote:
Originally Posted by disneysteve
That should pay for diapers and formula for a week or so. |
Probably bigger ticket items we don't get at baby shower- like mattress for second crib, breast pump or similar.
Diapers come out of my IRA budget (cut down IRAs to pay for diapers). The money I make from soccer will now fund IRAs (it was just banked before).
We also got 3k back from federal refund in 2007, so adding 6k to that (3k exemption for each kid) 9k=$700/month, and that would go a long way towards funding diapers or IRAs as well.
With wife in hospital now, the overall budget has not been discussed yet.
__________________
Light travels faster than sound. That is why some people appear bright until you hear them speak.
One person's stupidity is another person's job security.
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03-13-2008, 08:33 AM
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$ Saving Fourth Grader
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Join Date: May 2007
Location: DE
Posts: 28
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Since I will probably get it in June, I will probably use it on vacation funds. If it isn't needed for that, I will either save it for Christmas or send it off to pay towards my HELOC. Mine will be around $775, since I am just over the cap but I do have a child.
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03-13-2008, 10:24 AM
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$ Saving Jr. College Student
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Join Date: May 2006
Posts: 425
Points: 2505.00
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all "found" or "extra " money goes to my mortgage
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03-13-2008, 02:19 PM
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$ Saving HS Freshman
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Part savings, part student loan. Just not sure how to divide it up yet.
__________________
"...If you have paid your debts, if you have a reserve, even though it be small, then should storms howl about your head, you will have shelter for your [family] and peace in your hearts." - Gordon B Hinckley
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03-13-2008, 02:37 PM
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$ Saving Assistant Professor
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paying for the delivery of this kid.
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"You didn't take it, I gave it to you" -Matchstickmen
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Wixx's Wasteland
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