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Apr 30 2008

Buy Buy Buy.

Published by at 1:44 pm under Finance

money Buy Buy Buy.

Some of ya’ll have already received the Economic Stimulus check, and are ready to either buy stuff or pay off debt. For those of you who don’t know, US government made the 2008 economic stimulus package, which alloted 152 billion dollars worth of rebates to tax payers. The reason for these rebates is to boost the consumer spending, and fix our economy’s current trend.

Needless to say, many company are very anxious to get a hold of your rebate check.

  • Kroger, Albertsons and SuperValu are offering 10% bonuses (check your local store for info).
  • Wal-Mart will cash your rebate check for free, in hope you’ll spend it all in their store.
  • Staples has launched the Economic Stimulus Center. This will give consumers even more discounts, hence more incentive to buy!
  • RadioShack is offering 10% deductions on purchases of $50 or more.

Even though I paid taxes last year, my parents claimed me as a dependent and I won’t be getting my check. I freaking paid 40% of my income on taxes too! Damn self employment tax and income tax. I’m just glad that Texas doesn’t have state tax, otherwise I’d be paying almost 50% of my income to the government.

For those of you who have gotten or are getting the check, check out local stores for the deals. I’m sure there’s a lot of competition out there to get your money; it’s like a second Christmas season for them. If you don’t want to spend the check, I suggest you put it in CountryWide’s 4% savings account.

Yeah.

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