Jul 16th, 2008
Finally! My Stimulus is Here–What are You Doing With Yours?
My stimulus payment arrived this past week. I am not sure why it came in the form of a check rather than direct deposit when I filled out my bank information on my 1040A to have the money deposited directly into my checking account, but whatever. I can live better with $600 than I can live without it.
What to do with that money? It immediately helped replenish some of the funds used to get this MacBook that went from the want to need list as quickly as my sister’s dog pulled my iBook from the table to the floor. With that payment and my previous snowflaking efforts, I’m most, but not all of the way back to recovered.
What are other people doing with their stimulus payments? Much to my dismay, many of my friends are using them for spending rather than saving or investing. Even some people I know who are clearly struggling financially are immediately using the money to buy iPods or iPhones or other luxury items.
Now, as an Apple stockholder, I’m not opposed to people spending money on their products, and yes, the intent is for the money to be spent rather than saved–at least that’s what the government is intending. But money doesn’t have to be spent if it’s better for your situation to save it, and that’s what I’ve done with mine.
What are you doing with your stimulus?
Glad you got yours. I’m still waiting on mine. In fact, I just received a letter from the IRS that says it is delayed and I am only getting $600 instead of $1,200.
At this point, I don’t really even care. I’ll just be paying off some debt with it. Overall, I think the delays have been quite lame, but not surprising given that we are talking about the IRS here.
[...] Suenaga presents Finally! My Stimulus is Here–What are You Doing With Yours? posted at Uncommon Cents. I wish I still had my stimulus check to look forward to! When ours [...]