Join Early Retirement Today
View Poll Results: If government gave you money to stimulate the economy, how would you spend it?
Retired - Spend it 22 13.75%
Retired - Save it 44 27.50%
Retired - Pay down debt 4 2.50%
Not Retired - Spend it 8 5.00%
Not Retired - Save it 69 43.13%
Not Retired - Pay down debt 13 8.13%
Voters: 160. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Old 01-18-2008, 07:49 PM   #21
Recycles dryer sheets
Puzzley's Avatar
 
Join Date: Sep 2007
Posts: 169
If I get it, I'll use it to pay down some lingering debt in preparation for FIRE...
__________________

__________________
Carpe Diem, Vita Brevis
Puzzley is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-18-2008, 07:56 PM   #22
Full time employment: Posting here.
Sandy's Avatar
 
Join Date: Dec 2006
Location: Florida
Posts: 855
It will either go toward mortgage, investments, or college savings, depending on my mood if and when the $$ arrives.
__________________

__________________
I would not have anyone adopt my mode of living...but I would have each one be very careful to find out and pursue his own way, and not his father's or his mother's or his neighbor's instead. Thoreau, Walden
Sandy is offline   Reply With Quote
Old 01-18-2008, 08:17 PM   #23
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Location: North of Montana
Posts: 2,753
Interesting question.

Since I'm Canadian I doubt that the US gov't will give me anything. If I was USian or the Canuckistanian gov't handed me free money, I'd p$ss it away on whatever made me feel best. My WR would still be < 4%

Please do that, it'll help me
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote
Old 01-18-2008, 08:47 PM   #24
Thinks s/he gets paid by the post
 
Join Date: Apr 2007
Posts: 1,304
I thought we had already answered this one.
I would spend it on wine and women and then squander the rest.
That's my story and I'm sticking to it.

... acutally being retired, I would just stick to my plan. So I guess that's a vote for saving it.... or maybe a quick cruise hmmm now you have me thinking ... which has not been a common occurance for me lately
__________________
Life is GREAT!
megacorp-firee is offline   Reply With Quote
Old 01-18-2008, 08:59 PM   #25
Full time employment: Posting here.
dessert's Avatar
 
Join Date: Jan 2007
Location: Southern Louisiana
Posts: 517
From what I saw on TV today, I won't be getting anything.
Anyway those of you that get my share, spend it on something nice.
Maybe that will make the market go up!
__________________
dessert is offline   Reply With Quote
Old 01-19-2008, 12:30 AM   #26
Full time employment: Posting here.
 
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 831
Save it. Either for ourselves, or as a contribution to DD's IRA account for her. See the poll is hugely voting for "save"---I wouldn't have expected anything else from the ER members!
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
RetireeRobert is offline   Reply With Quote
Old 01-19-2008, 01:04 AM   #27
Recycles dryer sheets
 
Join Date: Jun 2007
Posts: 377
I would have to support my country and buy a HDTV for my office, a XBOX360, PS3, and Mass Effect.

/waves flag!
__________________
No Soup for you! Come back 1 year!
Bigritchie is offline   Reply With Quote
Old 01-19-2008, 09:30 AM   #28
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Quote:
Originally Posted by Bigritchie View Post
I would have to support my country and buy a HDTV for my office, a XBOX360, PS3, and Mass Effect.

/waves flag!
That's the spirit!

Sorta brings a tear to yer eye, eh? Cue the Kate Smith...

I voted "save it"...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 01-19-2008, 09:39 AM   #29
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,874
When things get tough, REAL Americans go shopping!
__________________
Yes, I have achieved work / life balance.
travelover is online now   Reply With Quote
Old 01-19-2008, 10:01 AM   #30
Thinks s/he gets paid by the post
 
Join Date: Apr 2007
Posts: 1,304
Quote:
Originally Posted by travelover View Post
When things get tough, REAL Americans go shopping!
Spoken like my DW
__________________
Life is GREAT!
megacorp-firee is offline   Reply With Quote
Old 01-19-2008, 10:25 AM   #31
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,084
I voted save it, which is why, economy wise, I think it is more likely to have an effect if it was targeted to low income folks who are more likely to spend it, even if it might only be to put off the day they default on their mortgage
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Old 01-19-2008, 10:44 AM   #32
Thinks s/he gets paid by the post
growing_older's Avatar
 
Join Date: Jun 2007
Posts: 2,608
I saw some analysis which indicates that typically when Americans get $1.00 in a stimulus package they spend about $1.40 of it, because it increases their "confidence" even when they know it's a one time boon. Not sure where they find the other $0.40 since tapping home equity would seem out of the question this time around. In any case, it tells me that my response is not what the government is looking for. I think of it like an unexpected bonus in my paycheck. If I didn't have the expense before, the act of getting the bonus doesn't change my expense plan. If I find money, I put it towards investments for FIRE. Maybe after I reach FI my response would change.
__________________
growing_older is online now   Reply With Quote
Old 01-19-2008, 10:53 AM   #33
Full time employment: Posting here.
Retire Soon's Avatar
 
Join Date: Nov 2005
Posts: 655
I will send my rebate back to the United States Treasury to satisfy part my 2008 Estimated Tax Payments.
__________________
Retire Soon is offline   Reply With Quote
Old 01-19-2008, 04:49 PM   #34
Thinks s/he gets paid by the post
Rustic23's Avatar
 
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 3,624
So far, only 20% would spend it. I hope the government isn't counting on this board to stoke the economy!
__________________
Rustic23 is offline   Reply With Quote
Old 01-19-2008, 06:19 PM   #35
Full time employment: Posting here.
citrine's Avatar
 
Join Date: Mar 2007
Posts: 944
I would save it....allocate it to my Roth IRA for 2008.
__________________
citrine is offline   Reply With Quote
Old 01-19-2008, 09:10 PM   #36
Full time employment: Posting here.
 
Join Date: Jan 2008
Posts: 798
I hear there will be an income cut-off of about $110k/joint return. Does anybody have any info on income limits?
__________________
RockOn is offline   Reply With Quote
Old 01-20-2008, 09:47 AM   #37
Full time employment: Posting here.
Retire Soon's Avatar
 
Join Date: Nov 2005
Posts: 655
Quote:
Originally Posted by RockOn View Post
I hear there will be an income cut-off of about $110k/joint return. Does anybody have any info on income limits?
The White House would like to see the rebate go to everyone who filed an income tax return and paid taxes. This would include taxpayers in higher income brackets. The Democrats, however, would like to see everyone who filed an income tax return receive a rebate, regardless of whether they paid little or no taxes. This would mean there would have to be a ceiling on income to subsidize the low income people. Some Democrats have suggested that couples earning more than $85,000 would not qualify for the tax rebate, while others wish to place the maximum at $110,000.
washingtonpost.com
__________________
Retire Soon is offline   Reply With Quote
Old 01-20-2008, 09:52 AM   #38
Moderator
Sarah in SC's Avatar
 
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,456
Maybe I should do with it what we did with the last one--had a big party with our whole hippie neighborhood and bought some, ahem, "smoking supplies" along with lots of liquor! But that was more supporting the underground economy than the "real" one. Ask HFWR, he'll know what I'm talking about.

Ah, but times have changed, perhaps we'll put it towards some porch furniture instead. Sigh.
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way

Sarah in SC is offline   Reply With Quote
Old 01-20-2008, 10:46 AM   #39
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Quote:
Originally Posted by Sarah in SC View Post
Maybe I should do with it what we did with the last one--had a big party with our whole hippie neighborhood and bought some, ahem, "smoking supplies" along with lots of liquor! But that was more supporting the underground economy than the "real" one. Ask HFWR, he'll know what I'm talking about.

Ah, but times have changed, perhaps we'll put it towards some porch furniture instead. Sigh.


Supply and demand...
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 01-20-2008, 01:55 PM   #40
Thinks s/he gets paid by the post
SecondCor521's Avatar
 
Join Date: Jun 2006
Location: Boise
Posts: 2,401
Quote:
Originally Posted by growing_older View Post
I saw some analysis which indicates that typically when Americans get $1.00 in a stimulus package they spend about $1.40 of it, because it increases their "confidence" even when they know it's a one time boon. Not sure where they find the other $0.40 since tapping home equity would seem out of the question this time around. In any case, it tells me that my response is not what the government is looking for. I think of it like an unexpected bonus in my paycheck. If I didn't have the expense before, the act of getting the bonus doesn't change my expense plan. If I find money, I put it towards investments for FIRE. Maybe after I reach FI my response would change.
The only study I've seen mentioned said something different. It was a study of the 2001 or 2003 tax rebate program, and it said that approximately 2/3 of the money was spent within a few months.

Also, the WSJ said that higher income folks were more likely to save it, lower income folks were more likely to spend it, which explains the poll results here.

2Cor521
__________________

__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
SecondCor521 is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
has anyone tried to get you to spend more? lazygood4nothinbum Life after FIRE 24 11-21-2007 10:47 AM
Still can't spend even though FI 52andout FIRE and Money 33 10-30-2007 05:28 PM
How much did you spend on..... Donzo Other topics 54 02-27-2007 02:02 PM
What % do you spend in retirement? JustCurious Life after FIRE 12 01-18-2007 08:33 AM
Why you should save instead of spend! bbuzzard FIRE and Money 57 05-20-2006 07:21 PM

 

 
All times are GMT -6. The time now is 12:29 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.