Wondering How To Use Rebate Checks? State Offers Tips
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- April
- 29
The state Consumer Protection Board is advising recipients of federal rebate checks to buy “necessary, long-term use items, especially those that will help reduce future costs.”
Here are some of there recommendations:
•       Pay down credit-card debt.
•       Make a payment towards a hybrid or more-fuel efficient car.
•       Purchase energy-efficient appliances and light bulbs.
•       Buy household items that have long shelf lives, like laundry detergent and toiletries, in bulk to reduce weekly shopping bills.
•       Prepay membership and/or association fees if consumers belong to these groups, or make a payment to defray other monthly expenses.
•       Make a payment toward the principle on a mortgage.
•       Prepay school tuition.
•       Prepay for heating for next year.
•       Purchase government bonds and CD’s to save money.
This entry was posted
on Tuesday, April 29th, 2008 at 2:32 pm by Joseph Spector.
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I don’t see too many stimuli in those recommendations
paying off debt is not consumer spending..
neither is paying a debt you have to pay in the future
neither is saving the money..
not that these are bad for those receiving but it
is not exactly what the rebates were supposed to do
you were suppose to run out and buy something you
wouldn’t have planned to buy…that would stimulate
the economy..supposedly..I personally believe its
money down the toilet..and that it will not
solve the economic crisis and certainly not the housing
crisis…it wont even make a dent
Buy ten quarts of Wild Turkey, settle-in, and pretend that all these politicians know what they’re doing.