Free Money from the IRS!
Coming in May most of us will receive checks from the IRS in any amount from $300 to $1200. Not bad eh? It’s called the 2008 Stimulus Payments. I guess the government thinks we are on the edge of a major recession and they want you to spend this money. Check out getrichslowly.org for some more information on the package and a calculator that you can use to figure out how much you might be getting back.
So when you get your check don’t do the practical or smart thing and invest it. Spend it instead! Get that 42″ HDTV! Get that Xbox 360 or Wii! Put a down payment on a new car. Go watch a movie! Go eat at that new restaurant you’ve been thinking about. Go buy some board games and spend some quality time with friends and family! Do anything but save it!
Question is - is that wise?
Are you going to just blow the money like it’s nothing? Like you won the lottery or something? Or will you put some of it away for a rainy day? What about all that credit card debt you’re carrying? College education payments maybe? A 12-month interest bearing CD?
I’m not saying that you can’t go out and enjoy the money. After all the Government took it from you via taxes over the last year so you were just loaning it to them interest free. Just be wise.
What will I do with my check? Don’t really know. Most likely we’ll use part of it to pay down a car payment or something like that. Probably will put a good bit into an interest bearing savings account and most likely we will go out and eat dinner or watch a movie with a little of it. 
