#1933538 - 04/28/08 09:22 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: miroslav]
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Michael Patrick
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Registered: 04/18/07
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Loc: Madison, WI
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Daycare for my older daughter over the summer. It'll run us about $600 more per month than what we pay during the school year for after-school care. There's three months in the summer, so it is an additional $1,800 that we'll be paying over and above what our school-year cash outflow would be for a similar three-month period.
And what a coincidence, Uncle Sam is sending us $1800...
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#1933540 - 04/28/08 09:22 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: Michael Patrick]
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Hardtail
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Loc: Long Island
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Paying bills or putting into savings.
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#1933546 - 04/28/08 09:27 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: Hardtail]
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fantasticsound
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We have to pay for Lilly's school in advance this year. If we're lucky it will cover most of that check.
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#1933551 - 04/28/08 09:31 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: fantasticsound]
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Mudcat
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Registered: 07/20/01
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Paying off a chunk of my middle son's braces and (maybe) buying a new garage door opener.
It's exciting being 45. 
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#1933562 - 04/28/08 09:42 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: miroslav]
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Billster
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Registered: 04/16/04
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Straight to the savings account.
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#1933580 - 04/28/08 10:17 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: Billster]
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splitting hare
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Registered: 05/29/07
Posts: 780
Loc: The 'Nooga
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I spent mine (and then some) on the Gold Top I got a few months ago! In other words, its going towards the old credit card. So I guess you could say mine went towards GAS!
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#1933583 - 04/28/08 10:22 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: splitting hare]
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Guitarzannie
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Registered: 10/14/07
Posts: 679
Loc: Highly Taxed State
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Use it to help pay off credit card bills. I wish I hadn't been so stupid about credit cards.
Michelle
_________________________
My one and only is a Walden D351
Gone but not forgotten: Martin Stinger SSX in Tiara Turquoise
"I've been waiting since I'd toddle, for the great relief of having you to talk to."
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#1933586 - 04/28/08 10:26 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: miroslav]
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Guitarzannie
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Registered: 10/14/07
Posts: 679
Loc: Highly Taxed State
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Mmmmm....OK...sorry I mentioned the amps and G.A.S to you folks with other needs. 
Why should you feel bad about mentioning your G.A.S? You weren't the one who got me into credit card debt. I was the one who did that. Just because I got myself into debt doesn't mean that I don't want to hear about someone elses good fortune!
Michelle
_________________________
My one and only is a Walden D351
Gone but not forgotten: Martin Stinger SSX in Tiara Turquoise
"I've been waiting since I'd toddle, for the great relief of having you to talk to."
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#1933598 - 04/28/08 10:35 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: Guitarzannie]
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Greg B.
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Registered: 12/28/04
Posts: 1373
Loc: Tulsa Oklahoma
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Straight to savings for me too.
_________________________
Avoid playing the amplifier at a volume setting high enough to produce a distorted sound through the speaker-Fender Guitar Course-1966 http://www.myspace.com/tentcityallstars1
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#1933612 - 04/28/08 10:57 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: Guitarzannie]
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miroslav
Cosmic Cowboy
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Mmmmm....OK...sorry I mentioned the amps and G.A.S to you folks with other needs. Why should you feel bad about mentioning your G.A.S? You weren't the one who got me into credit card debt. I was the one who did that. Just because I got myself into debt doesn't mean that I don't want to hear about someone elses good fortune!
Yeah...but when I know people who have it rough...(but I've been there too).
About 10 years ago...I had a fat CC debt. But when I bought my current house, and then again refinanced the mortgage...I wiped out ALL my CC debt in those two steps.
I have not paid one $0.01 in CC fees/interest in like…seven years now…and I use CC all the time (I just always pay off the balance no matter how big it is). 
AFA putting the rebate money into savings...I already did that with my initial tax refund for last year (which was a nice chunk-o-change)...so this rebate is going to be GAS spending money! 
_________________________
miroslav - miroslavmusic.com"Just because it happened to you, it doesn't mean it's important."
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#1933617 - 04/28/08 11:04 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: miroslav]
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MILLO
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Registered: 02/08/05
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Loc: Austin, TX
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paying my taxes.... HA!
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#1933622 - 04/28/08 11:11 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: MILLO]
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jbote
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Into my son's college fund - he begins in August so that will put it to good use.
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John
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#1933624 - 04/28/08 11:15 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: miroslav]
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Greg B.
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Registered: 12/28/04
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Loc: Tulsa Oklahoma
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Yeah...but when I know people who have it rough...(but I've been there too). About 10 years ago...I had a fat CC debt. But when I bought my current house, and then again refinanced the mortgage...I wiped out ALL my CC debt in those two steps. I have not paid one $0.01 in CC fees/interest in like…seven years now…and I use CC all the time (I just always pay off the balance no matter how big it is).
I've been there myself. My boss at a job I used to have (he was, actually still is, an awesome guy, as a boss and a friend) helped me get a loan to pay off my cards. I didn't touch them for quite some time after that. Then I got married. My wife is incredible with money. We use credit cards for everything, but she pays it off every month, no matter how much. Plus she can save like I've never seen anyone save before. So like I said before, our IRS rebate check will go straight to savings, I will probably only see it long enough to sign the back.
_________________________
Avoid playing the amplifier at a volume setting high enough to produce a distorted sound through the speaker-Fender Guitar Course-1966 http://www.myspace.com/tentcityallstars1
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#1933629 - 04/28/08 11:21 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: miroslav]
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Billster
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Registered: 04/16/04
Posts: 5546
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AFA putting the rebate money into savings...I already did that with my initial tax refund for last year (which was a nice chunk-o-change)
Do yourself a favor and adjust your withholding. Take the extra money each week and stuff it into the bank. At the end of the year you won't get a chunky tax "refund", but you will have the money in the bank already, plus any interest the bank pays.
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#1933637 - 04/28/08 11:28 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: Billster]
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Greg B.
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Registered: 12/28/04
Posts: 1373
Loc: Tulsa Oklahoma
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AFA putting the rebate money into savings...I already did that with my initial tax refund for last year (which was a nice chunk-o-change) Do yourself a favor and adjust your withholding. Take the extra money each week and stuff it into the bank. At the end of the year you won't get a chunky tax "refund", but you will have the money in the bank already, plus any interest the bank pays.
We did that last year and it made a big difference. Got more in the check each week + money in the bank drawing interest = happy wife! Didn't get as much back at tax time, but didn't have to pay, so I'm ok with that.
_________________________
Avoid playing the amplifier at a volume setting high enough to produce a distorted sound through the speaker-Fender Guitar Course-1966 http://www.myspace.com/tentcityallstars1
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#1933648 - 04/28/08 11:37 AM
Re: USA Members - How will you spend your IRS rebate check?
[Re: Greg B.]
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cool9
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Registered: 03/06/08
Posts: 34
Loc: Philadelphia
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Gasoline, Dunkin Donuts coffee and a trip to U.K. to see Robin Trower 2x, Joe Satriani, Abbey Road and Windsor Castle to meet the Queen, of course.
Edited by cool9 (04/28/08 11:38 AM)
Edit Reason: add
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#1933660 - 04/28/08 12:20 PM
Re: USA Members - How will you spend your IRS rebate check?
[Re: Billster]
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miroslav
Cosmic Cowboy
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Registered: 05/23/00
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AFA putting the rebate money into savings...I already did that with my initial tax refund for last year (which was a nice chunk-o-change) Do yourself a favor and adjust your withholding. Take the extra money each week and stuff it into the bank. At the end of the year you won't get a chunky tax "refund", but you will have the money in the bank already, plus any interest the bank pays.
Well...it's actually a bit weird.
I get a fat refund from Federal withholdings...but the State is only a few hundred $$$.
If I adjusted it...I would probably end up having to pay the State every year.
Plus...the few extra pennies/dollar I would get from Savings account interest would only be taxed that much more at the end of the year.
What I've been doing the last few years, is taking my entire yearly Federal refund and dropping it into 7-year Roth IRAs.
The interest rate has been real good at 5%-6%...and I will not pay any taxes on it when I retire and start using it…I just need to keep rolling it back in every seven years.
If I can keep that up...for the next 10-15 years...it will add up nicely towards retirement and be an additional supplement. (I have a regular retirement plan already through my job).
_________________________
miroslav - miroslavmusic.com"Just because it happened to you, it doesn't mean it's important."
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#1933662 - 04/28/08 12:23 PM
Re: USA Members - How will you spend your IRS rebate check?
[Re: cool9]
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miroslav
Cosmic Cowboy
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... and Windsor Castle to meet the Queen, of course.
Say hi the the Queen Mum for me.... 
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miroslav - miroslavmusic.com"Just because it happened to you, it doesn't mean it's important."
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#1933665 - 04/28/08 12:31 PM
Re: USA Members - How will you spend your IRS rebate check?
[Re: Greg B.]
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Hardtail
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Registered: 09/18/05
Posts: 5740
Loc: Long Island
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AFA putting the rebate money into savings...I already did that with my initial tax refund for last year (which was a nice chunk-o-change) Do yourself a favor and adjust your withholding. Take the extra money each week and stuff it into the bank. At the end of the year you won't get a chunky tax "refund", but you will have the money in the bank already, plus any interest the bank pays. We did that last year and it made a big difference. Got more in the check each week + money in the bank drawing interest = happy wife! Didn't get as much back at tax time, but didn't have to pay, so I'm ok with that.
Same here. The last two years, we got way, way too much money back. In one case that wasn't bad because I bought my Strat with some of the money. In the bigger scope though, I gave Uncle Sam an interest free loan... I'd rather keep it for myself.
So now...... we get less from Federal to cover the State (we always seem to owe the State) and our accountant. We got to keep more throughout last year and paid down some bills (not high credit card bills.... we're responsible with our credit cards).
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#1933675 - 04/28/08 12:53 PM
Re: USA Members - How will you spend your IRS rebate check?
[Re: Hardtail]
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Guitarzannie
Gold Member
Registered: 10/14/07
Posts: 679
Loc: Highly Taxed State
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(we always seem to owe the State)
Most everyone I know in this state usually ends up owing New York State taxes. I think you downstaters seem to get the worst of it, though.
Michelle
_________________________
My one and only is a Walden D351
Gone but not forgotten: Martin Stinger SSX in Tiara Turquoise
"I've been waiting since I'd toddle, for the great relief of having you to talk to."
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#1933676 - 04/28/08 12:54 PM
Re: USA Members - How will you spend your IRS rebate check?
[Re: Guitarzannie]
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Hardtail
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Registered: 09/18/05
Posts: 5740
Loc: Long Island
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(we always seem to owe the State) Most everyone I know in this state usually ends up owing New York State taxes. I think you downstaters seem to get the worst of it, though. Michelle
Property taxes for the local school districts are the worst here.
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#1933683 - 04/28/08 01:08 PM
Re: USA Members - How will you spend your IRS rebate check?
[Re: Hardtail]
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Eric Iverson
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Registered: 08/03/05
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Loc: Jackson Heights, NY
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I may use the check to pay off part of the balance I owe the IRS!
But if I saw a guitar I really wanted, or a good 5-string electric mando... I might use it for (part of) that. Or maybe the nice student classical I saw for $300....
I don't suffer from GAS to the degree some people do, but there is equipment I'd like to have. I just don't want to go head over heels in debt for it!
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#1933686 - 04/28/08 01:10 PM
Re: USA Members - How will you spend your IRS rebate check?
[Re: Eric Iverson]
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Trucks
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Registered: 02/04/06
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"USA Members - How will you spend your IRS rebate check?"
Lemme guess.... Cheeseburgers, gambling and guns?! Right?
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"do I see a vacuum there, or am I b-goin' blind.."
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#1933692 - 04/28/08 01:24 PM
Re: USA Members - How will you spend your IRS rebate check?
[Re: mdrs]
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soggybomb
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Registered: 08/03/07
Posts: 625
Loc: Gainesville, FL
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we get $21
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