Spend your economic stimulus check here!
Economic stimulus checks are rolling out beginning today across America. Over $150 billion will be distributed to American citizens. Every advertiser and company in America is rolling out a campaign to get you to spend your stimulus check with them, so I figured I’d throw my hat in the ring.
Each stimulus check more or less works out to $600 per working adult plus $300 per dependent child under 17. There are some variations, but that’s more or less the standard formula.
How should you spend your check?
- Pay down some debt if you have it. There’s no other form of guaranteed return than to pay off debt. It’s money in the bank for the future in interest you don’t have to pay.
- Stick it in a savings account or invest it in an FDIC-insured bond.
- Make a charitable donation.
The last point is probably the one I’d ask you to consider – even if it’s only a small amount of your check, please consider making some kind of donation.
Worth considering: $600 goes a long way in other parts of the world. A single economic stimulus check could feed 10 children in poverty from today until February 1, 2009. Check out the United Nations World Food Program.
Worth considering: $600 goes a long way in America, too. A single economic stimulus check could feed 10 American children living in poverty from today until January 1, 2009. Check out America’s Second Harvest.
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I’m sure I can speak for alot of us here. That stimulus check should have been for us to enjoy to some extent. But for most of us we had to give it right to our creditors. Since we are in such a bad situation and have suffered immensly already because of gas, and rising food costs it’s becoming impossible to live or survive for that matter. Our country has put us in this position, and since most of us are struggling and have been for some time, it would have been nice to actually do something for ourselves. But again this economy has dug a hole so deep for most of us, that all that money wasn’t ever even seen. It was nice for them to do that, however they got us in this situation in the first place. I remember when gas was 99 cents a gallon. If any of you are coming out of college, I truely wish you the best of luck. It’s bad out there.
Right on. Saving and spending responsibly is going to do more for you than going out and blowing the money on an iPhone.
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