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View Poll Results: If government gave you money to stimulate the economy, how would you spend it?
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Retired - Spend it
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22 |
13.75% |
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Retired - Save it
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44 |
27.50% |
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Retired - Pay down debt
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4 |
2.50% |
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Not Retired - Spend it
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8 |
5.00% |
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Not Retired - Save it
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69 |
43.13% |
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Not Retired - Pay down debt
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13 |
8.13% |
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01-18-2008, 02:02 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 4,090
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Spend it or Save it?
If the government gives you money to stimulate the economy what will you do?
If you would do more than one thing, choose the one you think you would do the most.
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01-18-2008, 02:03 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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 Quote:
Originally Posted by Rustic23
If the government gives you money to stimulate the economy what will you do?
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My suspicion is that I will not be getting squat, but if I did, it would go into the pile with the rest.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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01-18-2008, 02:06 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Boise
Posts: 4,911
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Money is fungible. The money will go into the same funnel into which my salary, overtime, gifts, rebates, interest, dividends, and loose change I find beneath the Sonic drive-in window go.
From there I will proceed to deploy the money towards my highest priority unachieved goal.
I'm so boring.
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.
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01-18-2008, 02:09 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,446
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I'd spend it on a week end get away .
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01-18-2008, 02:37 PM
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#5
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Recycles dryer sheets
Join Date: Dec 2005
Posts: 137
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It appears to be targeted for the lower to middle income folks, so unfortunately I wouldn't get anything. Normally I'd be all for such a thing (lower income getting a rebate but not higher income), but since it's a handout that won't make any difference I'd like to get my $1,600 too.
Otherwise I'd just toss it in with the rest.
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01-18-2008, 03:01 PM
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#6
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Recycles dryer sheets
Join Date: Nov 2007
Posts: 202
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Since I'm living on my assets now, I'd spend it and reduce withdrawals by that amount.
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01-18-2008, 03:02 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,499
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Quote:
Originally Posted by Twinkle Toes
Since I'm living on my assets now, I'd spend it and reduce withdrawals by that amount.
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"ditto"
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01-18-2008, 03:57 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,218
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Buy a tank of gas and a gallon of milk.
__________________
There's no need to complicate, our time is short..
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01-18-2008, 04:04 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 3,895
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inheritance didn't make one iota's difference in my spending. not likely that a government handout will make a difference iother.
__________________
"off with their heads"~~dr. joseph-ignace guillotin
"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
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01-18-2008, 04:04 PM
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#10
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 21,868
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Probably some of both - spend half, save half. Until it's actually there I'm not going to invest much time thinking about it.
__________________
I heard the call to do nothing. So I answered it.
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01-18-2008, 04:05 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 4,337
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Since my income vastly exceeds my expenses, I'd just put it into savings.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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01-18-2008, 04:38 PM
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#12
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Recycles dryer sheets
Join Date: Apr 2007
Posts: 97
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Oh, I'd definitely save it. I've been squirreling away every loose cent since I was 17--that's how I came to ER 18 days ago!
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01-18-2008, 05:24 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 5,590
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Whose money are they giving me? I thought it was going to be a rebate, so I'd be getting my own money back.
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01-18-2008, 05:30 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 4,090
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Well, some in congress are talking about giving it to folks that don't pay taxes so for them, I guess it will be 'our' money.
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01-18-2008, 05:36 PM
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#15
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Recycles dryer sheets
Join Date: Jan 2008
Location: Bloomington
Posts: 127
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Will probably spend part of it on bike stuff. Save the rest. Of course, I'll believe it when I see the check  .
__________________
Relax your mind.
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01-18-2008, 05:37 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 2,049
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We need to print more money like we need a stick in the eye. I'd do what bbbam1 would do: buy a tank of gas and a gallon of milk.
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01-18-2008, 05:58 PM
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#17
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Full time employment: Posting here.
Join Date: Aug 2006
Location: Columbus
Posts: 769
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Since I only do about half of what I'm told (according to DW), I'll take the money, but I won't spend it. I'll just hang on to it till things really turn sour.
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01-18-2008, 06:16 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 8,661
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I would save it. It wouldn't help much, but I need to refill my investment tank.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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01-18-2008, 06:30 PM
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#19
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Dryer sheet aficionado
Join Date: Jan 2008
Posts: 28
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It will probably arrive at the same time my property taxes are due. So it will just go from one government trough to another -- The True American Way!
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01-18-2008, 07:12 PM
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#20
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Full time employment: Posting here.
Join Date: Aug 2006
Posts: 563
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I'm of the opinion that I won't qualify either but if I did I would put it in the bank account until later.
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