Like many have said before me, I'll believe it when I see it. If it happens, most of it will go to cleaning up my credit report and the rest will probably be towards a much needed car.
These checks are supposedly going out in June..and both our birthdays are in July so Im thinking it will be spent on our Bdays and a week on the beach.
I'm thinking we won't be getting as much as some people. I was filling out FAFSA papers for DD for college (financial aid). It became QUITE obvious that she won't qualify for any financial aid due to our income (but she says I have to fill it out in order for her to get an on-campus job). Anyway, that said, what ever we may get will just be used for the usual stuff. We buy what we want/need and pay all our credit cards monthly (don't carry balances) so we aren't suffering like a lot of folks (and our home loan is a nice low percentage--no ARM for us!).
I'm another "I'll believe it when I see it" mentality here, but whatever money I do get back (I should be getting a refund regardless of the "economic stimulus"), I'm going to put it toward training for my puppies. We can teach them basic commands, but we really need help with basic manners/obedience (like no jumping on people, no barking, no running out the door without a leash, come when we call their names, etc.).
If we get back more than anticipated, I'll finally have an over-the-stove microwave/exhaust fan installed so I can get my big bulky microwave off my counter and free up that counterspace. That will not cost me $600 (nor us $1200 combined), so the rest will stay in the bank.
From the last thing I read, the cutoff is $150k for married, $75k for single which is pretty high (too high if you ask me but don't...)
We're in the unique situation of owning our own business, so the profits are on our personal taxes--which is what everything is based on. While we don't have a lot of money, we have a lot on paper! But it's not like we can just take our profits for ourselves--we have to keep them in the company for day to day expenses (especially now since the economy isn't doing as well and we don't have as many new customers).
Hopefully it's going to come around the time the husband and I go to Hawaii for vacation. My plan is to spend a fair percentage of it on Mai Tais. The rest of it I'm going to waste.
Allinell: DH and I had the same problem with FAFSA stuff. Our combined incomes are way over what qualifies even for an on-campus job if I wanted one! That still doesn't mean that after all the bills we have enough to pay tuition, but that's not "their" concern!
Since I had to take out loans for tuition for this semester, our money will go towards paying them down a little. Sigh.
