Ilyce Glink's BlogWelcome to Ilyce Glink's blog! Here you'll find Ilyce's latest insights on personal finance advice, real estate advice and consumer issues. Come back often for timely and interesting posts on a wide variety of topics. Sunday, June 01, 2008 How Are You Spending Your Stimulus Check
We've had an amazing response to our query today: How are you spending your rebate check? Here's what some of our callers said about how they're going to spend their money: Darlene got $600, and even though she used Turbo Tax to file her tax return, requesting direct deposit, she got a paper check. Fred said he wasn't getting a check. He pays AMT and feels that anyone who gets a check and buys a TV with it is actually getting a gift from him. Ron echoed that sentimentl. Bill got $105 because he was at the upper end of the income limit. He had back problems, so he used the check for several lawn trimmings. Alan got $1,200 and paid off debt. Jennifer got $2,100 and used it to pay her mortgage, property taxes and bills. Kevin is getting $150 and thinks he'll use it to fill up his gas tank twice. Ann wanted to know how to check to see if her 18-year old would get a check. I told her to go to http://www.irs.gov/ to look it up. Her son wants to use it to fix his truck after hitting a deer. (Ouch!) Diane got $1,200 and sent the entire amount to prepay the loan on her car, which the credit card company wrongly applied all to the interest owed. She's "educating" them. David got $1,800. He has six kids and paid down his credit card debt. Jenny got $3,000 (she also has six kids) and used some toward food, and to pay bills. She got caught up on all of her bills and then some. Jackie got $924 and used it to buy a new bike and bike trailer for her toddler. She loves it! Don got $1,200 and is using it to pay down debt. Norma is expecting $900 and wanted to know when she'd get her check. Mike got $2,100, and is taking an RV vacation with his kids. The trip was paid for already, but this will help with gas (it'll cost roughly $600 for gas for the 1,500 mile trip) and extras. What are you doing with your rebate? Contribute to the conversation here.
posted by Ilyce Glink at 10:29 AM
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2 Comments:
Unlike the bad info from the caller...I received my stimulus check via direct deposit AND I use TURBO TAX. Caller claimed those who used online filing would not receive stimulus as a direct deposit. WRONG! Paid down my credit card bill. And less personal debt is good for the economy!
posted by
Mike | June 02, 2008 4:04 AM
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Caller mentioned husband upset not to receive stimulus check because 18 year old son filed his own taxes and not as a dependent...SORRY, as IRS site says...dependents must be less than 17 years of age and be able to be claimed as a dependent!!!
posted by
Mike | June 02, 2008 4:07 AM
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