What Will You Spend Your $1,000 Stimulus On?

[kentkel]

I can't imagine how much covid19 will be entwined in that beautiful Italian couch you'll be getting.

This has been quite an interesting situation. My wife and I don't own any "fancy" furniture, but our old couch had tons of holes, so we decided to purchase a really nice couch for our anniversary. Now, there is no telling WHEN we will get it. That said, compared to what is going on in the world (sickness, economic woes, uncertainty), a nice couch means absolutely nothing!

 

[CycloneDaddy]

I like the idealistic idea of having this work like a Menards rebate. $1000 if used at a local contractor, car dealer, small business, etc.

So people that have to use it for food wouldn’t get it?

 

[cyputz]

A food bank here in NC.

 

[dosry5]

I like the idealistic idea of having this work like a Menards rebate. $1000 if used at a local contractor, car dealer, small business, etc.

Sounds nice on the outside, but picking who gets the help kinda stinks for other businesses that wouldn’t fall in the right category. And frankly I generally don’t buy into the whole ‘ya gotta buy local’ stuff. When I shop at Menards or Home Depot it supports the wages of the loca citizens who work there, who in turn spend their money in the community.

 

[dosry5]

Use some of it to buy a new driver from a friends small golf shop. And probably put the rest to work in the stock market on discounted stocks.

That’s brilliant! No way the wife can say no—you’re helping a friend and supporting a local business. You’re golden.

 

[Dopey]

So people that have to use it for food wouldn’t get it?

Yup. Food wouldn't get you the rebate. **** 'em.

 

[inCyteful]

Probably fix the car with one, save the other, and see from there.
Exciting story, I know.

You need to just calm down, bro.

 

[Cyclones01]

Our AGI was under $200k in 2019, but not by much. Seems a little ridiculous to just hand us a few thousand dollars when in the grand scheme of things it won't make much difference to us, but there are a lot of people that need it. If that happens we'll likely find some people in our circle or in our community who need it.

 

[wonkadog]

I could pay off my credit cards.

Well aren't we into bragging today?? Only $1000 of credit card debt?? Geesh!

 

[DeereClone]

Probably give half away and put the other half into the kids college fund.

 

[SEIOWA CLONE]

I'm thinking ours is going into a bathroom renovation.

My wife already called dibs on the money if this happens, I was hoping for a new receiver for the home theater, but was shot down.

 

[CoKane]

Using it to live so I dont lose my house or car

 

[Doc]

I think I’d use it to get a lot more carry out/delivery, especially from those places I really want to survive.

 

[Rabbuk]

Using it to live so I dont lose my house or car

I know that feel.bro

 

[NateTheBoss]

Didn’t the Fed dump $1.5 Trillion into the Stock Market to prop it up the other day? How did that even benefit anyone?

It’s for illiquidity and it’s vital to keep the market going. Also it’s not free money if that is what your are thinking.

 

[NWICY]

Well aren't we into bragging today?? Only $1000 of credit card debt?? Geesh!

It's CF I'm surprised there wasn't group shaming placed upon him.

 

[Stormin]

It’s for illiquidity and it’s vital to keep the market going. Also it’s not free money if that is what your are thinking.

Why is it vital to prop up the Stock Market? That is sheer stupidity.

 

[NateTheBoss]

Why is it vital to prop up the Stock Market? That is sheer stupidity.

To prevent a cash crunch in the financial sector. It’s super important. You should really read up on stuff like this.

 

[Sigmapolis]

Basic corporate finance is not @Stormin's strong suit.

 

[Rural]

One of those endless firing handguns they use on Westworld.