Prime Rate Credit

July 28, 2008

Have You Already Spent Your Tax Rebate Check?

Filed under: Here Nor There — CleanedUpCredit @ 5:11 am

Most people I know have already spent or are already planning on how to spend their tax rebate check, and I can tell you, most of my friends family and acquaintences didn’t use it on “fun” stuff, they mostly used it for necessities or in a very utility capacity, like catching up on paying their mortgage, or their gas bills from the winter, or paying off that last credit card (usually not low apr credit cards either of course, those are always the first that we want to pay off because it feels like all of our money goes into a black hole since the interest alone will keep us paying for years.

The way I spent my check was that I really just treated is an income, and used it mixed in with my other income money to pay bills, get groceries, food, entertainment, home improvement stuff, etc etc. So it seems that the government’s plan for people to go out and get crazy and spend their rebate check on things from retail stores and others that are suffering because of the slow economy has kind of busted. Although I will say I just got back from a TJ Maxx in my area, and for a Friday, it certainly was bustling!

And that brings me to another random thought about rebate checks from the government, have any of you seen that cruel joke that’s going around via email where there is a long explanation of why the government is going to issue a second round of stimulus rebate checks, and it’s all really just a ruse to make you feel like an idiot for actually believing it for a minute. I have to admit though, I did laugh!

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