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.
Right on. Saving and spending responsibly is going to do more for you than going out and blowing the money on an iPhone.
May 1st, 2008 | #