Caddickisms

How should I spend my economic stimulus rebate?

Over at Gather Little by Little (link above), Glblguy reviews his decision with his wife about what to do with his economic stimulus rebate. All of us (in the US, anyway) have the same decision to make. There are, as he points out, about 4 options:

1. Pay off debt
2. Buy stuff
3. Save/invest it
4. Go on a trip/vacation

What do I want to do with it? Buy stuff. Between lawn care/landscaping and computer stuff, we “need” some things for this house that I either can’t afford at the moment, or don’t have a place to store (which leads into wanting to purchase a shed, which ain’t cheap).

What I really want to do with it is take a vacation, but that’s not even close to a realistic priority.

What are we actually going to do with it? We’re going to split it up a bit. We just bought a new vacuum cleaner (a rather expensive, but excellent, multi-purpose one) after our old one broke, so a big chunk of it will go to paying that off. The rest will go to paying off debt, unless my upcoming car inspection sucks the money first.

What about you? Any vacations in your future? Freeing yourselves from the tyranny of the credit card companies? Loading up on Wii purchases? Leave a comment and let me know.

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Tags: Personal finance

This entry was posted on Tuesday, March 18th, 2008 at 11:13 am and is filed under Personal finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.