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How are you going to spend your stimulus check?

Submitted by Vikas on Thu, 06/19/2008 - 04:04
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By now you might have received the small gift from Uncle Sam, your stimulus check. And in this hard time, with the gas price soaring and the magnified household bills, it is no less than a fortune for you. You must have some plans with the check! Share with us, how you are going to spend it to fill-in the gaps between your income and expenditure?


I haven't received mine yet, but......I'm getting it around July. Anyway......I am going to 'catch up' on a few things. I ALSO plan on taking my son on a 'trip'..whether it be a shopping adventure or a trip to a historical place. My son is REALLY 'into' history ( the Civil War, to be exact). He would LOVE to go to Gettysburg. I'm ALSO a 'war buff' myself. My son really deserves some 'adventure' like this. He's really worked hard in school, had some 'tough times' ( with some classes) and have gotten through it.


Submitted by sdchargers_63 on Thu, 06/19/2008 - 04:41

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We have already received our check, direct deposit, and like most people, we used it to pay bills, take care of some things that were unexpected and took a little of it to go out to dinner together, which is something we very seldom do. We were able to get caught up on a couple of things, pay off a couple of small things, we even managed to fill up the vehicles all the way for the first time in I don't know how long. We were also able to help my brother out by getting him some groceries and his utility bill, he is only getting approx 20 hrs a week at his current job, so due to him not getting a check, we helped him out with what we could. Of course we received ours in May, so there is nothing left, but it greatly helped with some things. Just wish a dollar stretched a little further.


Submitted by 2nband on Thu, 06/19/2008 - 05:47

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I will be using this check for some much need car repairs and other extra that have been needed. We have need some repairs, but did not have the extra money to do it.

I am going to but some extra "staples" for our house in the way of groceries with the price going higher and higher, and even be able to put extra in the gas tank if I spread it out.


Submitted by Bossy4455 on Thu, 06/19/2008 - 07:56

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I plan on paying off what I owe to the devil AKA PDL's. My husband and I have also agreed to put the remainder into a savings account to cover any unexpected emergencies. That is how we fell into the PDL trap in the first place. We will NEVER get into that trap again!!


Submitted by mjwalton on Thu, 06/19/2008 - 11:14

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That's a fairly easy question to answer. I'm getting caught up on my financial obligations, what's left over I am depositing into an emergency fund which will accrue interest. I hope that will give me some incentive to add monies to in the future, so it will increase as time goes by. I'm going to call it my unpayday loan fund. lol


Submitted by Shazzers on Fri, 06/20/2008 - 08:01

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I already recieved my check and I first spent it on things that I really needed at the moment - food, gas, things for my apartment. It kind of killed me as i did toy with using some of it towards savings but I had to buy some things. Than the rest I used 100% on bills. It caught me up for the most part and that makes me feel really good.


Submitted by bea2ls on Fri, 06/20/2008 - 08:35

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Well, since the US Government has determined I am too poor, and therefore I don't need to be economically stimulated, I will not be getting a stimulus check. I just find it incomprehensible that someone would have had to make a certain dollar amount in 2007, which I didn't as I've been unemployed for well over a year, in order to be deemed worthy of receiving the measly $300 being sent out. What this tells me is the government has pretty much deemed that I am absolutely unworthy because I am living at, or more likely below, the poverty level. Funny thing, I can only qualify for food stamps in my state; not any other type of public assistance, because I have no children. However, I could desperately use it! I would say that $300 would have probably fed me for a month or so, or put gas in my car's fuel tank so I could better afford to look for work.

So thanks US Government, I will be sure to remember who helped me out, when I really could have used it, when election time comes around!


Submitted by FloridaRon on Fri, 06/20/2008 - 15:07

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I am spending my checks on new beds for my children. Because of the increase in everything (expect of course my paycheck), my poor children have been sleeping on old beds that are broken. The money I will be receiving is because of them so I am going to spend it on them. Any leftover money will go to pay down debt.


Submitted by spatterson_40 on Sat, 06/21/2008 - 03:36

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The suggestions to "blow" the money on something like a big screen TV or a Stero system were laughable to me in this current financial situation. I received my $900 and used it to try to catch up on my gas bill, and to stock up on our depleting grocery supply. With gas here currently at $4.14 a gallon, $900 doesn't go very far. If I hadn't had so many high bills to pay.. I would have saved it.


Submitted by jennifer_bailey75 on Sat, 06/21/2008 - 04:50

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I was thinking about spending my stimulus check on my 2005 back taxes. Since Uncle Sam automatically applied them for me, I no longer have to think about it!

While it would have been nice to hold the actual check, seeing my balance with the IRS drop significantly was nice, too.


Submitted by dnoice on Sat, 06/21/2008 - 21:35

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Split the 4 money ways:
1) put some money into a Christmas club. This way the money is there for the holidays as opposed to using credit cards,
2) put some into a savings account for when needed,
3) use for gas and other stuff, and finally
4) take some for something fun like the movies, dinner, or
a carnival or something like that. Something fun that
doesn\\\'t cost alot of money.
At least this way, you\\\'re using the money wisely and enjoy part of it.


Submitted by Kathleen Goodwin on Mon, 06/23/2008 - 13:16

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I'm not going to spend it. I will put it on my savings account and will talk to a financial adviser from my Bank how to invest wise, to make maybe more out of it the right way without risking alot or best nothing. Maybe one or the other read my Storie and my update. I have only a little amount left to pay on my car, cause I was really lucky. And I really don't wanne be in that debt river anymore. I learnd my lesson cause I know everything happens for a reason and someone gave me a second chance. This time I take it right!!


Submitted by schnuckibearsmum on Mon, 06/23/2008 - 19:28

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Since losing my husband of 22 years at His age of 42, I plan on using my stimulus check to start a savings account for our son who took care of his father for many years and had to grow up too fast. Giving back to my son and my neighborhood children is what life is all about. My son and I are very close and as we have no family (both of us are only children), he deserves a little joy and something for himself.


Submitted by Dale Seaverns on Mon, 06/23/2008 - 21:17

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Sure, I had all kinds of plans. I wanted put it in the bank for unexpected expenses; or pay down some debts; or take the family on much-needed weekend getaway.

Did I get to do any of that? No. The IRS stole my stimulus check to apply toward some existing tax debt. Debt that I was a dead beat and not paying on? No. Debt that I have a repayment plan on and that I have kept completely curent on my payments.

Thanks for letting me stimulate the economy...not!


Submitted by crazy1bryan on Tue, 06/24/2008 - 00:11

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Well I did get a stimulus check and Uncle Sam decided since I owed them they would decide how I was going to spend it. It actually was a good thing, because I would have done the following if it reached my hands: I would have paid a few bills I would have liked to get ahead on and maybe just maybe I would have filled my truck up and I mean filled it up completely instead of $20 here, $20 there......uh oh.....the gas light is on again. LOL


Submitted by kolodin616 on Tue, 06/24/2008 - 04:56

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I am going to put a portion of my stimulus payment in teh bank. I work for teh state givernment in Pa and right now there is a possibility we may be laid off because t hey can not pass our budget. I am going to save some of rebate so i have something to fall back on. The part that I am keeping am using to purchase some summer clothes and shoes for my children and to pay a few bills a couple months ahead so i am prepared and so that i don't waste any money. Times are tough and money is scarce.


Submitted by robmeca22 on Tue, 06/24/2008 - 08:42

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I have not received mine yet but I have purchased my youngest daughter, she is 11 a flute off of ebay that my dad loaned me the money for until I receive mine, should be here in the next while, by July 4th according to the website. I also bought a set of 4 tires from Goodyear. The rest I believe I will be banking since as of July 11, 2008 I won't have employment. I was put on a 6 month assignment that started January 28, 2008 and will end as I have stated. I have already paid for the tires, so I guess about $600 will go into the savings for a just in case I don't find employment quickly.


Submitted by gardnerjl on Wed, 06/25/2008 - 05:29

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Actually, I have a specific item I need to purchase. I am by trade an exotic dancer, and am planing to buy myself a nicer pair of TA TA's. I have wanted this for years and will finally have enough to do it. May sound strange to some, but it is my way of life.


Submitted by jenoliver33 on Thu, 06/26/2008 - 13:09

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