With the latest reports suggesting that tax rebates could arrive as soon as May, now is a good time to think about how you'll spend (or save) yours. LaToya Irby, our guide to Credit/ Debt Management, has some great suggestions you might want to consider:
Do you already have a plan for your tax rebate? Share the details!
Related Searches tax rebate
Explore Frugal Living
©2012 About.com. All rights reserved.
A part of The New York Times Company.
We have no debt and are doing well in our savings. We recently opened a new account to purchase a new used car. Our rebate will go into that account.
I don’t overpay my taxes, so I don’t usually get a tax refund over $100. Last year I used my refund to start paying the next year’s taxes.
Student Loans!
It isn’t “free” money as LaToya Irby says. It is our, the taxpayers, money and I’m sure folks who pay $0 in taxes will get the “rebate” as well. I also don’t overpay my taxes, why should the government use my money for a year interest free, they will certainly charge me interest if I don’t pay by April 15th, at a stiff interest rate as well! I would rather they lower our tax rate than rebate our money in an election year to make politicians look like they care about the little guy.
I will put it towards credit cards, but I will donate at least $100 to my child’s school. PS I am talking about the projected $$ to stimulate the economy, I like the previous poster try to not over pay my taxes and usually get back very little.
I’m donating mine to a food bank. This is the time to reach out to those who aren’t being helped by rebates. Not frugal, but better than buying junk!
Pay my bills and hope to come out even.