Helo Ben dropping $600 checks - what to do?

Zardoz

Hookers and blow.
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"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen

gollum

Probably going to pay off some bills, perhaps buy a few things for the pantry or some silver, sure wont be buying a big screen TV or an expensive trip. Perhaps a laptop? Maybe a solar panel? A new tiller?

joeltrout

I suggest investing it in something that pays a good dividend. Not BAC, DOW, or BMY stocks but something like...

lawn garden/container garden or a good bicycle

They both can give you entertainment, better health, the garden can give you food, and they both save you a lot of money over the long run.

Joeltrout
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ENERGY is the basis of our industrial civilization and sustains our standard of living. It is the foundation stone of our national wealth. A nation starved of energy.....will be a nation of starving people.

seahorse · Expert Joined: Oct 15, 2004 Posts: 2090 Location: Arkansas

THIS IS AN UNPRECEDENTED CREDIT CRUNCH!! A credit crunch hasn't happened since the Great Depression. There is no place to invest your money if you are living month to month. Do not even waste it trying to pay off debt. BUY FOOD! Fill your pantries. If you lose your job, you will at least be able to eat. You work to eat anyway. Food prices will continue to rise, buy it now, with free money, while you can. This credit crisis will be full blown within 2 years, very likely much sooner. Jobs will be lost. Invest in Maslow's most basic need, the only one that really matters, your actual survival - especially if you have a spouse and friends depending on you. Take that money and buy as much food as possible. All canned goods are manufactured to last 2 years (minimum). Buy bulk rice, bulk beans, canned beans, dry pastas (all these will last virtually indefinitely if kept dry and at room temperature (cooler the better). Buy honey (indefinite shelf life),; spam last indefinitely and is cheap. Tuna last at least 5 years. Buy some vitamins. Peanut butter last two years, requires no cooking, full of fat, carbs, and proteins. It is the perfect survival food.

Dont' worry about your debt anymore, especially if you are already up to your ass in debt. Don't give this money to the credit card companies or the banks that are going under and taking you with them. Invest in the only thing that matters, which will get you through the next two years. That, and a good sleeping bag.

swifty · Tar Sands Joined: Aug 29, 2006 Posts: 23

Likely I will use it towards the school taxes. Upstate NY has some of the highest! It won't cover the whole bill, but it will help since I was not expecting to have enough by August to pay it. Then I can start worrying about the town and county bill for next January!

uncarve_db_lock

Well put seahorse, especially the spam idea. Although I might add that getting some vegetable seeds would be a good idea, a few chickens, maybe some sheep, some lumber, and a spinning wheel to boot.

Maybe one last trip to Vegas! woo-hoo!

Pops

TheTurtle

swifty · Tar Sands Joined: Aug 29, 2006 Posts: 23

So... food or property taxes?? Hmmm

swifty · Tar Sands Joined: Aug 29, 2006 Posts: 23

double post - sorry

Tanada

I am seriously considering investing the 1600 in my wifes IRA for 2007, that would give us a tax free deposit and reduce our income in the eyes of the government while supporting our local credit union financially, all of which would be beneficial for us in the next two years or so and free up other income for stocking the pantry ect ect.
_________________
Oxygen: - An intensely habit-forming accumulative toxic substance. As little
as one breath is known to produce a life-long addiction to the gas, which addiction invariably ends in death.--Isaac Asimov

heroineworshipper

Cramer had a better idea. Monetize $250 billion of debt. This isn't physics. It's government. They can make up any stimulus they want.

There will be no $1600 check.
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People first, then things, then dollars.
There will be enslavement & cannibalism.

Don35 · Heavy Crude Joined: Feb 07, 2006 Posts: 115

Pops

SILENTTODD