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Tell the world how you spent your tax rebate

Posted May 29 2008, 02:51 PM by Karen Datko
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If you've already received your economic-stimulus check from Uncle Sam, you can share what you did with it by posting at a Web site called -- ta-da -- How I Spent My Stimulus. You can even post a photo that illustrates how you used it. For example, we saw photos of casinos, whiskey bottles and cut-up credit cards.

Scrolling through the site, we noticed that lots of folks spent their tax-rebate money to treat themselves -- hopefully stimulating the economy in the process. Some saved it, some used it to cover higher living expenses, and some gave it away. Some posts are listed under a category called "weird." 

Matthew, a shop foreman in Houston, put new rims on his extended-cab pickup. Veronica D. and her husband, also of Houston, went to Las Vegas. "Unfortunately we lost it all!" she said.

Pets (and their vets) were beneficiaries. So were video game and HDTV manufacturers, resort operators, and makers of guns and Kentucky whiskey. 

Diana Donahoo of Hampton, Va., said she and her husband saved up for a year, including  tax refunds and rebates, to finally buy her engagement ring. (Check out the photo.) "We could have bought a house and moved, but instead I have something that sparkles a heck of a lot more than a house," she wrote.

Others donated to charity. Marci in Denver gave hers to nonprofit groups, and her employer matched some of her contributions. She wrote: "I never felt like this money was 'mine.' I gave it to the government in hopes that they'd make good use of it and they didn't, so I felt it was my duty to give it back to the country in some way."

Some people invested in themselves. Sarah Aller of Wake Forest, N.C., said the rebate will help pay for her education as a certified nursing assistant.

Vernon Blank of Georgia bought a new camera to rekindle his love of photography and is also looking to the future. It "hopefully will allow me to make more money, in order to offset the downturn in our economy, part of which I'm sure will include repaying all the money we gave away in the form of this stimulus. Ironic, eh?" he wrote.

Comments

 

My hubby and I were lucky enough to get $1200 directly deposited into my checking account.We are not too exciting it is still there.We need time to think about how to best maximize this money.I do know what it will not go for- no HDTV no purchases period do I REALLY need anything hummm no I think not.Time has a way of clarifying things so until we come to a conclusion it will stay in my checking account earning interest.

Mine went to the college I am currently attending. I am taking a much dreaded English class and buying my books. I had a whole $68.00 left and that is still in the bank..

For us the question of what to do with $1200 check never existed: We used it to pay down our debt.

I did my part for the economy with my $300 I bought a new golf driver and a couple video games. The economy is booming now. Thanks for giving me some of my money back

Mine is in my checking account waiting to pay the lawyer for my divorce.

Paid off 2 credit cards, paid down 2 others. Did not get as much as I thought I would or I would have paid off more.

I'm using it to pay down my college debt.

I used mine to pay a couple of unexpected costs, the rest went toward my debt.  Though buying a diamond ring instead of a house has to be the stupidest thing I've heard in a while.

I'm going on a well deserved trip to Las Vegas next month for a week.   I'm not a gambler so my money won't go into the one-armed bandit.  I work really hard and with all of the doom and gloom with the economy, I've decided that I have to have some enjoyment out of life.  I just can't sit around all of the time and have my thoughts consumed with this awful economy.  I only live once and tomorrow is not promised.    

What rebate check?  I still haven't seen one :(

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