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BEST Thing to do with STIMULUS/REBATE Check

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kjxxxx

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I see Kroger and other grocery stores have this promotion where you get a 10% discount on gift cards if you buy it with your stimulus check.

I think this is the best deal. Unless you are buying something else that gives you a bigger than 10% discount for using that stimulus check there. If you are shopping somewhere else and there isn't requirement for you to bring the check there then you don't need to so you still go and buy the Krogers or whatever grocery store gift card and lock in that 10% or whatever discount.

You have to go buy the groceries anyhow. You'll be in those stores shopping whether you use that money or another money. So why not take the 10% discount. If you are getting $1500 back. Buy the gift card or more than one gift cards with it and bank the other money that you would normally use including the 10% that you save if you were planning on just banking the money.


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"For people receiving direct deposits, those with a Social Security number ending in 00 to 20 will have their economic stimulus payment deposited to their bank account by May 2.

Those with Social Security numbers ending in 21 to 75 will get their direct deposits by May 9 and those with Social Security numbers ending in 76 to 99 getting their deposits by May 16."
 
Phil-ID.jpg


I get plenty of discounts already.

:hmm:
 
I didn't even qualify for this. Not that i'm complaining but if you want to stimulate the economy then why not give it to everybody. It's our money to begin with. This is an illusion, giving back our own money after we get raped all year with taxes. FUCK THEM
 
Yall already know ni99as are going make it rain in the club or make it rain in the electronic store buying 32 inch HDTV's thinking "I'm ballin now!!!":smh::smh::smh:
 
Steelwill2006 said:
Phil-ID.jpg


I get plenty of discounts already.

:hmm:
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That's just dumb. You should have thought about it before you said that. If you get plenty of discounts already and you get more discounts it will almost free then.

If you still have to buy food and you go there with the gift card that you already got 10% discount on when you bought the card then you use your other discounts then you will pay next to nothing.

You will still have to buy food. If you don't buy food and never shop at the grocery store, Wallmart, etc then you straight. This is not for you. If you do then ponder it for a moment.
 
Dr. Truth said:
I didn't even qualify for this. Not that i'm complaining but if you want to stimulate the economy then why not give it to everybody. It's our money to begin with. This is an illusion, giving back our own money after we get raped all year with taxes. FUCK THEM
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They are going to get the money whether we agree with the motives, intents, the evils, etc. This is here post is about what good ideas one might have to maximize its usage.
 
kjxxxx said:
They are going to get the money whether we agree with the motives, intents, the evils, etc. This is here post is about what good ideas one might have to maximize its usage.
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How about save it instead of wasting it on bullshit like the dumb ass president wants you to do.
 
Dr. Truth said:
How about save it instead of wasting it on bullshit like the dumb ass president wants you to do.
Click to expand...

My suggestion is not about wasting it. It's about buying groceries you have to buy anyhow as you live your life. The gift card will be used just like you would use your cash and credit card as you live your daily life and go to the grocery store every month. The only thing you will change is the instrument used to purchase. You lock in a 10% discount and just live. Don't purchase anything different from you would in your regular day to day life. You still get to deposit the money. Only that you will go to the grocery store, participate it the program they are running. If it's the case that you have to bring the check there then you do that and then put the equivalent cash that you would have spent in savings if that's what you wish.
 
5 things to do with your stimulus check

We are in the midst of an economic stimulus program that promises to deliver some pretty big checks to American consumers. This program, however, is not going to be a fix, it is going to be a band-aid. The problems that we aer having are not founded in a lack of spending by our society. I think we all know that. We are in the midst of a spending campaign, both within our households and within our government, that is unparralelled in world history. In the documentary, “What Would Jesus Buy” by Morgan Spurlock, many statistics are presented to soldify the message. Here are a few:

* four months are needed for the average American to pay off the holiday bills.
* For the first time since the Great Depression, the average American savings is a negative number.
* America currently has $2.4 trillion in consumer credit-card debt.
* More than 60 percent of the population is over their heads in “eternal debt.”
* Some 15 million Americans are clinically addicted to shopping.
* Three-fourths of the population are”dreading Christmas more than looking forward to it.

Our current economic crisis is a result of our spending habits as a society. There is no fix that involves continuing that behavior. If we want to change the economic structure that continues to create disparity and puts a strain on the national economy, we have to change the way that we think about money as a culture.

So, here is my proposition. We, as a culture, change the way that we approach our money. We have an opportunity to do that with “extra money.” When you receive your stimulus check, consider these options for how to approach this opportunity:

http://thefiresidepost.com/2008/03/13/5-things-to-do-with-your-stimulus-check/
 
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Monday, April 28, 2008
What to Do With Your Stimulus Money

For the lucky American taxpayers who qualified to receive a stimulus check, some of the checks are already headed to a bank. Thanks to the beauty of direct deposit, the first checks were automatically deposited Monday.

But before you head out on a buying binge, you should know it may not be in your best interest to spend your stimulus check, especially if you have debt. Here are a few tips from financial experts on what you can do to make the most of Uncle Sam's generosity.

Dealing with debt?

If you’re in debt, the last thing you want to do is spend your stimulus check. Experts say the best thing to do is to put some money down on your highest interest credit cards--a good way to get in the habit of paying them down.

“You want to pay down the credit card that’s charging you the most interest and then if you’ve paid off all your credit cards, go to your home equity loans or other lines of credit,” said Alice Magos, a certified financial planner and the senior writer for the Financial Planning Toolkit, a Chicago-based Web site run by CCH Incorporated, a business, legal and tax information software provider.

“If you pay twice the minimum on the credit card bill, it will get you out of debt in about 3 years--that’s the rule of thumb for the average debtor,” Magos added. But if you just pay the minimum that will compound the problem.”

Robert Brokamp is a retirement expert for the Motley Fool, an investment advice and financial information publication, and he agrees with Magos.

“Certainly if you have high interest credit card debt you want to get rid of that first,” Brokamp said. “Line up all your loans and figure out which has to go first.”

Even if you don’t have high-interest loan debt, you can always use this money to throw in a little extra on this month’s student loan or mortgage payment. The experts say this isn’t a huge priority, since this is typically low interest debt and the interest is tax deductible, but Magos said it’s not a bad idea to pay off all of your debt as soon as you can.

Breaking even?

If you don’t have any debt, you should still consider saving the stimulus payment. Financial planners suggest you keep enough money in savings to cover your living expenses for three to six months.

“If you don’t have a cash reserve you should put this toward your cash reserve needs,” said Dan Candura, a CFP from Braintree, Massachusetts. “It’s good to have a reserve as an emergency fund--or to have the extra cash so you can take advantage of any opportunities that come along.”

All of the experts agreed that it’s important to have cash that’s easily accessible to weather a period of unemployment. Leah Childers, a budget consultant and author of How to Fix Being Broke, suggests making the emergency fund your first priority.

“We know that money disappears, so give your money a job,” Childers said. “Open up a new savings account and put this money aside into that account and make sure it’s not linked to your checking account so you can’t spend it--there are banks that are federally insured on the internet that will give you higher interest.”

Retirement approaching?

Even if you don’t have any debt and you’ve got an emergency fund built up, you can still use this money to save a little more for retirement.

“The vast majority of people are just not saving enough,” said Brokamp, of the Motley Fool. “If you have only $50,000 saved for retirement, and you’re in your 50ss or your 40s, you need to step it up or you’re never going to retire.”

There are different ways to contribute to retirement; Candura suggests opening a Roth IRA.

“The idea that you can grow and invest money tax free is a good thing and here’s an opportunity with a rebate check to open a Roth IRA--and for someone who’s able to leave it for more than 5 years it’s definitely a good option,” said Candura.

Candura also suggested using your check to pay the first couple of month’s premium on a life insurance policy so that your family is protected from loss.

If you still want to spend…

You may think it’s your duty to spend this money, since it’s intended to stimulate the economy, but experts disagree.

“As much as people want to say it’s patriotic to spend, it won’t really do anything for anyone,” Brokamp said. “Your priority is to take care of your finances and your families finances first.”

If you must spend your stimulus check, Magos recommends spending it at local businesses where it will benefit your community.

“If I go down and buy something from a local business, all that sales tax is going to stay in my county or my little community, and every dime is less property taxes you’ll have to pay,” Magos said. “It’s a good idea instead of running to some shopping mall.”

Magos said using this money to buy an appliance that will help reduce your energy costs or take on a small home improvement project isn’t a bad way to spend if you’re not planning to sell your house any time soon.

Candura emphasized the importance of prioritizing your needs and said this should give people a good chance to reassess their financial situation and decide to spend or save thoughtfully.

“It’s a tax rebate check--it’s really just an advance on next year’s tax return,” Candura said. “It’s your money, coming to you sooner and it’s in a chunk and it’s good for people to consider where it will do the most good.”
 
Fund your own ‘economic stimulus’​
Should you boost the U.S. economy or focus on your own stimulus plan?​

By Laura T. Coffey
MSNBC contributor
updated 9:10 a.m. PT, Thurs., Jan. 24, 2008

Laura T. Coffey
• Profile
• E-mail
Think fast: If someone walked up to you and handed you a check for $300, what would you do with that money? How about a check for $1,200?

You just may need to make decisions along these lines as early as this spring if a federal government economic stimulus package passes as expected. Aimed at boosting the sagging U.S. economy and staving off a possible recession, the plan would provide billions of dollars in tax relief for consumers. Tax-rebate checks would be sent out in amounts ranging from $300 to $1,200 per household.

President Bush and his aides know precisely what they want you to do with that money: Shop ‘til you drop. After all, consumer spending represents more than two-thirds of economic activity in the United States, so the fervent hope is that Americans will rush out and buy stuff.
Story continues below ↓


It sounds like fun, of course, but is that really what you should do with this found money if you get it? Depending on your circumstances, you actually may want to seize this opportunity to concentrate on your own personal stimulus plan — one that could benefit you and your family for months if not years to come. Consider these tips.
1. Start that emergency fund, pronto. OK, at first blush this may not sound like as much fun as buying some new pairs of shoes or an Xbox 360, but this step will be far more therapeutic in the long run. Most of us know that we should have an emergency fund stashed away that could cover six months of living expenses — and most of us haven’t gotten around to doing that....
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What would you do with the money?

2. Wrestle your bills to the ground. For many Americans out there, the answer to what they would do with the extra money is simple: Tackle their bills. If you’re struggling under the weight of out-of-control bills, this is a fabulous idea — and one that ultimately would be far more beneficial to you than buying up consumer goods. Here’s another idea to consider in this same vein: You could simplify your bill-paying throughout the year. Msnbc.com reader Bonnee Brown of Parachute, Colo., wrote in recently to share this tip: “I spend my tax return on things that make my daily life easier. Last year I called the utility company and went on a budget billing plan. When I received...
CONTINUED: Pay credit-card debt

3. Pay down credit-card debt. Credit cards can be your friends — but only if you pay your balances off in full and on time each month. If you’re walking around with balances on any credit cards — particularly cards with high interest rates in the range of 18 percent or more — then the answer to what you...

4. Invest in the future. How have you been doing lately when it comes to saving for your retirement? If you’ve been neglecting this important area for whatever reason, you could use your rebate check to get back on track. In many cases, you can view your contributions to a 401(k) or 403(b) tax-deferred retirement plan as an instant raise. That’s because you’ll enjoy an automatic tax break, plus many employers will match your contributions up to a certain point — often 50 cents for each dollar you contribute for up to 6 percent of your pay...

5. Invest in your potential. Could you benefit from a job-skills upgrade? If so, why not take a class or two or three that could give you a boost? Many universities across the country offer extension programs with courses for professional development in the evenings and at other convenient times. You also could look into classes offered through community...

6. Don’t let your house sink you.
Are you among the millions of Americans who have borrowed against their homes for various reasons? If so, you could use that $300 to $1,200 to pay down your home equity line of credit and help put this extra debt behind you while interest rates are low. You also could consider making some extra payments toward your primary mortgage as well. By paying an additional $100 a month toward the principal on a $150,000, 30-year...

7. Give your ride a little TLC
You also could use your tax-rebate check to take care of some important car maintenance. Are you approaching the time for a 30,000-mile ful...

8. If you’re going to buy something, make it worthwhile
Want to use your newfound cash to save yourself money and help the environment at the same time? Then consider buying an energy-efficient appliance, especially if you’re now relying on older, less-efficient appliances. To highlight just one example...

9. Do your part to combat poverty.
Have you heard of Kiva.org? Through this site, you can provide microloans in amounts as low as $25 to worthy entrepreneurs in poor countries. Before deciding where to send your loan or loans, you can read all about different...

10. Recharge your batteries
OK, if tips 1 through 9 are striking you as just a little bit too responsible, here’s a final tip for you that encourages some indulgence: How about taking a not-too-expensive, not-too-stressful trip with someone you care about? Short jaunts involving two- or three-night stays in beautiful spots can help you save your sanity and regain perspective, especially...

http://www.msnbc.msn.com/id/22808757/
 
Dr. Truth said:
I didn't even qualify for this. Not that i'm complaining but if you want to stimulate the economy then why not give it to everybody. It's our money to begin with. This is an illusion, giving back our own money after we get raped all year with taxes. FUCK THEM
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I have to co-sign. I hope I get the $600 amount for the check.
 
Buy stock in companies that produce/invest in the following. Niggas about to go crazy. These companies will have a blow out quarter!

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Kroger Stores Offer Customers Free Groceries​



Beginning May 2, New Program Gives Kroger Customers an Extra $30, $60 or
$120 When They Turn Their Tax Refund or Economic Stimulus Checks into
Kroger Gift Cards

CINCINNATI, April 16 /PRNewswire-FirstCall/ -- The Kroger Co. (NYSE:
KR) said today that beginning May 2, 2008, customers can receive free
groceries through a gift card program available exclusively in Kroger
stores. The program allows Kroger customers to exchange their tax refund or economic stimulus checks for a Kroger gift card with an extra $30.00,
$60.00 or $120.00 added to it. Gift card amounts correspond to the payment
amounts outlined by the Internal Revenue Service for the federal economic
stimulus program.



For example:
Load This Amount Receive Kroger Gift Card(s)
Onto A Kroger Gift Card: Valued At This Amount:
$300.00 $330.00
$600.00 $660.00 (2 gift cards valued at $330.00 each)
$1,200.00 $1,320.00 (4 gift cards valued at $330.00 each)​
[/SIZE]


http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/04-16-2008/0004794021&EDATE=
 
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Steelwill2006 said:
Phil-ID.jpg


I get plenty of discounts already.

:hmm:
Click to expand...

I wonder what was blanked out.:dunno:

that's a good way to protect your information. because most people cant read the barcode that has all your information on it. to do that they would need some sort of 'reader'. even then the screen is prolly to bright to scan, we'd need the card to scan, or a piece of paper that looked like it:rolleyes:


as cool as it may seem to 'authenticate' yourself online. it's never a good idea.:smh:
 
b0010100 said:
I wonder what was blanked out.:dunno:

that's a good way to protect your information. because most people cant read the barcode that has all your information on it. to do that they would need some sort of 'reader'. even then the screen is prolly to bright to scan, we'd need the card to scan, or a piece of paper that looked like it:rolleyes:


as cool as it may seem to 'authenticate' yourself online. it's never a good idea.:smh:
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The rank and pay grade is blanked out, but this isn't my card. It's been a while since I been overseas, but I'm pretty sure you can't read the front of it or atleast I don't recall ever seeing that being done. I know u can slide it, and read the back though.
 
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well im paying for a wedding at leats partially with what im getting, and finishing off my car payments.
 
Rembrandt said:
well im paying for a wedding at leats partially with what im getting, and finishing off my car payments.
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ask the store if they give discounts for using stimulus money. Ask the manager. It's amazing what discounts you can get when you ask.
 
Ajax said:
Mine came today and went straight to my savings
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Since you are saving it then open up an optionsxpress account and with $500 and they will give you $100 bonus for signing up.

$100/$500 * 100% = 20% APY return on your money. Lets see you get that in the bank.

They will give me $100 if you let me send you a referral link. or if you tell them I referred you. I think thats a fantastic idea. And I could use the referral money to buy some more options and pay my BGOL dues.
 
Kjx hit me up via pm about optionsxpress. Im very interested, but my check has not come in yet. Kind of pissing me off because my last two digits are 02, and I had direct deposit set up on my return. Once it does come in, I'll most likely open an account with OX.
 

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