Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Economic Stimulus Payment..what will you do?

The hope is that this payment will boost the economy (people buying merchandise). I don't foresee the gas prices going down anytime soon, food cost is rising, it cost more than most of us make to have the necessities these days.

My husband and I are going to pay off some debt and put the rest in savings. We feel for us that would be wiser. Even though there are things we would like to have - if we buy them we'll still be in debt and the cost of living will still be there staring us in the face! What will you do with yours?

Update:

Aussie diver - No we haven't received ours yet. We received a letter from the IRS last week saying we could expect ours in May/June.

Update 2:

I'm also glad to see so many our savers. Based on the media you would think everyone is on the brink of financial hardship. Keep on savin'!

4 Answers

Relevance
  • 1 decade ago
    Favorite Answer

    Stick in the bank.

  • Anonymous
    1 decade ago

    Since we already save 33% of our income, we will NOT be saving this money. We will be using part to pay for a new muffler for my truck and the rest will probably buy us some new clothes for our son and contact lenses for me, probably some new threads for hubby as well.

  • 1 decade ago

    Probably use it to buy a new washing machine. We save and invest large amounts of our money as it is.

  • 1 decade ago

    Not everyone is going to get it.

    Have you gotten yours?

    We didn't.

Still have questions? Get your answers by asking now.