Did you get this in your snail mail?
Pay good attention to it because it is your milk ticket to what’s coming down the pipes! MyInvestingBlog covered it earlier in the month and mentioned what the IRS had to say about it. Make sure you’re covered when tax rebate time comes around (May, or so the document says)!
It’s funny to think that they sent this out to every person in the US (roughly 300,000,000) when I’m sure 99% of the people knew it was coming unless you live on a island with NO access to any news.
That being said, how about saving the 41 cents it costs to send each of those out and add that $150,000,000 they saved to the Economic Stimulus package? 🙂
Several places have mentioned ways to best use the the stimulus package including on your mortgage, in your 401k, in your ROTH, in a high yield savings account, which are all VERY good places to put the money. But who has mentioned anything about where NOT to spend it? Here is a quick list of places you should NOT spend your stimulus package on:
1. Do NOT spend it on a solar powered flashlight.
2. Do NOT invest it in Thornburg Mortgage.
3. Do NOT buy a Hydracoach2.
4. Do NOT take out a loan on a Bugatti Veyron Or Bugatti Royale.
5. Do NOT buy a Cowhale hybrid.
I hope these ideas help you to realize where NOT to spend your tax refund. 🙂 There are several much better places to spend your $$$ that will set you up later in life. Don’t waste this free money, it’s sent to us for a reason; climbing out and staving off a recession. Put it to good use!