Business and Economy , National

Rebate check-in. Where will your money go?

By Adnaan Wasey

April 29, 2008, 03:20 PM

What do you plan to do with your check? If you're spending it, what are you spending it on?

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#1 Posted by Alex, April 27, 11:49PM

This "stimulus plan" is ludicrous. 90% of recipients are going to use their check to pay down their credit card debt, the other 10% are going to use it to (barely) help offset the rapidly rising costs of food and fuel. I shudder to think how much it is costing the government to administer this program. I'd give it back if I could, but because I can't, I'll be giving mine to charities.

#2 Posted by jamiegp, April 28, 06:16AM

The only way this stimulus is going to help the economy will be as a donation to an election candidate (presidential or otherwise) that actually has workable ideas for long-term improvements.

#3 Posted by James, April 28, 06:22AM

Gonna buy a boat for my friends, to help get them out of the flood, with things heating up everywhere.

Slainte!

-James

#4 Posted by SRD, April 28, 07:07AM

I'm going to buy an iPod, and put the rest towards my travel fund.

#5 Posted by anne, April 28, 08:36AM

I will give most of it to charity,

the public library and the parks,

since the city government is constantly

cutting down on these essentials.

#6 Posted by Paul , April 28, 08:51AM

I plan to spend my rebate check, not on Antonin Scalia's new book, Making Your Case; The Art Of Persuading Judges, whose subtitle should have read "How I convinced four other supreme court justices to appoint Bush President", but instead primarily on lowering my adjustable-rate home equity loan before rates go up again, and the rest on charity to help those who have been adversely impacted by the economic "slowdown" a.k.a recession.

#7 Posted by jasonh, April 28, 10:29AM

I'll be using my rebate check to pay down my debt. Buy more stuff? Hardly. The last thing I want to do is spend this money on more plastic crap to fill up my house.

Slate has a pretty good lay analysis of the mathematical game theory behind the rebate checks.

http://www.slate.com/id/112725/

#8 Posted by DeirdreC, April 28, 01:46PM

Make the first two payments on my student loans...

#9 Posted by Tom, April 28, 02:55PM

Some of us will not receive a rebate from this President's stimulus package. However, if I did, I would put it towards a downpayment on a house, which I cannot afford due to the 20% down requirement.

#10 Posted by Amanda, April 28, 03:03PM

I'm planning to make a donation to a local community center and arts organization -- a kind of place where people actively challenge our consumer economy every day.

You can join me: http://www.abcnorio.org/support/

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