Saturday’s are for Coffee: Economic stimulus rebate checks

by Rocket Finance

I am sitting here with my latest coffee flavor from Gevalia on a Saturday morning. We have heard a lot about the United State’s government plan to revive our sagging economy over the past few months and in light of the news that the stimulus checks might be coming early, I thought you might enjoy a recap of the opinions and information on the subject from some top personal finance bloggers.

One of the experts on the subject, Patrick from Cash Money Life, has done a series of posts. The first one explains, the who and how much regarding the checks. Another interesting post is a poll on how people plan to use the money. Stop by his blog and vote for yourself. Then check out the results of the poll. Given that the poll demographic was taken by personal finance readers, the answer will not surprise you. Patrick also has several more articles on the subject, but the most comprehensive is Economic stimulus rebate: Frequently Asked Questions.

Randall from Credit Withdrawal points out the the big retail chains have plans for your stimulus check. But I guess that is the point. Please ignore Randall’s panning of Reaganomics . . . Rocket Finance is a big believer in trickle-down theory, but if everyone agreed with me, the world wouldn’t have any problems the world would be a pretty boring place.

Glbl guy asks for advice on how to spend his check. I wonder if he will tell us his decision after it arrives? Glbl guy also has a useful article that emphasizes the fact that you will not have to repay the stimulus check, it is not a loan.

Pinyo from Moolanomy emphasizes the fact that you must have filed 2007 taxes in order to get a check. This makes me wonder how many people might be assuming that a check is on the way, but for some reason, they don’t qualify? I wonder how much government resources will be tied up in trying to sort out the claims of people who believe they were wrongly left out?

Lynnae from Being Frugal tells us that the rebate check is the cause of a big debate in her household – not over politics, but over what to do with the money. Read her article and decide who is correct.

Many people were excited to learn that the direct deposits might be coming earlier than expected. Prime Time Money emphasizes this news and tells how he will spend his check. Mrs. Micah also posted an article about how she and her husband plan to spend the money. I must warn you, that MM used restraint in writing the piece and while course language is not used, it may be implied. . .

Ryan from Millionaire Money Habits teaches us what a future millionaire does with an unexpected windfall. Are you using millionaire money habits?

And finally, two bloggers from opposite ends of the political spectrum agree that the stimulus package has some problems. With whom do you agree?

On the left, David from My Two Dollars: My thoughts on the $100 billion dollar fiscal stimulus package.

OR

On the right, Rocketc from Rocket Finance: The stimulus package is a crock.

Enjoy your check, if you get one!

Mvelope’s family budget software utilizes the envelope budgeting system recommended by gurus like Dave Ramsey.

  1. 10 Responses to “Saturday’s are for Coffee: Economic stimulus rebate checks”

  2. By Mrs. Micah on Apr 26, 2008 | Reply

    Thanks for including mine. We managed to find (through a reader) a used desktop that we’re checking out tomorrow. It may mean that half our stimulus package will go back to debt repayment.

  3. By Lynnae on Apr 26, 2008 | Reply

    I’ll bet your rebate will buy you a lot of good coffee! :)

    Thanks for including my post!

  4. By Patrick on Apr 26, 2008 | Reply

    Wow! What a great collection of articles! Thanks for gathering all these and including mine. :)

  5. By Randall at CreditWithdrawal on Apr 26, 2008 | Reply

    I love the variety of the articles. Both left (correct) and right (incorrect) statements!!

    :)

    Seriously, great roundup.

  6. By Pinyo on Apr 27, 2008 | Reply

    That is a great collection of articles. Thank you for including mine and I’ll be telling the world tomorrow why I am thankful it’s coming early.

  7. By rocketc on Apr 27, 2008 | Reply

    Thanks for stopping by everyone. Can’t wait to analyze the effects of the check in a couple of months. . .

  1. 4 Trackback(s)

  2. Apr 26, 2008: U.S. Common Sense | Can you bounce a stimulus check?
  3. Apr 27, 2008: Prime Time Money: Everyone’s Ready for the Tax Rebate Roundup | Prime Time Money
  4. Apr 27, 2008: Tax Rebate–A Complete Guide to the Economic Stimulus Package | Smarter Money Management
  5. Apr 28, 2008: Why I Am Glad The Economic Stimulus Check Is Coming Early | Moolanomy

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