Helo Ben dropping $600 checks - what to do?

emersonbiggins

Not much stimulus on my part, just going to pay down some credit card debt. Pretty much a wealth transfer from taxpayers (well, more likely their children) to creditors. No flat screens here.

How about you?
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"It's called the American Dream because you'd have to be asleep to believe it."

George Carlin

jimmyz

paying down debt!

benzoil

With interest rates dropping and looking to drop alot more before the Fed is done, you might want to consider using that "free money"
to buy prep stuff.

I had to take out a HELOC (Home Equity Line of Credit) to buy some adjacent land last year. Since the rate is tied to the Fed's prime rate, the cost of borrowing that money just keeps getting cheaper. Would I love to be totally debt free? Yes. I was before I did this, but I *had* to have the land. If you are way in debt, pay it down! Especially if it's high interest credit card debt or other debt that isn't getting cheaper with the lowering interest rates.

Still, I need some gizmos for the Kubota to do more work around here and could just as well spend it on that rather than paying down the HELOC.
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TANSTAAFL

peasea · Tar Sands Joined: Jul 26, 2007 Posts: 48

emersonbiggins

Cynus · Intermediate Crude Joined: Aug 13, 2004 Posts: 594

Use it to short the market.
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One of these now am I too, a fugitive from the gods and a wanderer, at the mercy of raging Strife.
--Empedocles

http://apoxonbothyourhouses.blogspot.com

wisconsin_cur · Moderator Joined: May 10, 2007 Posts: 2992

pretty sure that I am going to use it to pay down debt.

I might end up saving it a few months to wait and see what happens. The only other thing I might buy is to take this check and my income tax return check and buy two 20' cargo containers.
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Nature is complete because it does not serve itself.

The sage places himself after and finds himself before,
Ignores his desire and finds himself content.

He is complete because he does not serve himself. -Lao Tze

bonehead

Look at it this way people,better off in our pockets than in the pockets of Israelis,Pakistanis,Iraqis or any other populace around the world that we throw money at.Think positive!!!!!!!!!!!
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Gimme some demand destruction.

Tyler_JC

I'd spend half on women and booze.

And then just waste the rest.
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"www.peakoil.com is the Myspace of the Apocalypse."

JoeW

Pops

I could easily spend a few hundred bucks restocking the pantry, maybe buy an old bred-back Jersey cow and some home-scale dairying equipment and get a few more fruit trees if it goes that far.
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Make a plan and work it:

FoolYap

NeoPeasant

This consumer economy of ours is the very thing that is destroying the prospects for a livable planet for mankind in the future. It's pretty depressing to me that when it begins to falter, it becomes an emergency number one priority to get it back to full speed ahead.
How many years mankind has left may well depend on how quickly we can engineer a descent to a near subsistance economy. Our top priority now is to do exactly the wrong thing.
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The battle to preserve our lifestyle has already been lost. The battle to preserve our lives is just beginning.

Cynus · Intermediate Crude Joined: Aug 13, 2004 Posts: 594

It is infuriating that our country has offshored all our manufacturing so that 70% of our economy is consumer spending. Disgusting.
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One of these now am I too, a fugitive from the gods and a wanderer, at the mercy of raging Strife.
--Empedocles

http://apoxonbothyourhouses.blogspot.com

Shannymara · Master Joined: Oct 04, 2004 Posts: 5438 Location: Oklahoma

What's the deal? $1600 tax credits? Who gets them?
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"Every junkie's like a setting sun..." - Neil Young