While you’re doing your taxes, you might be dreaming about the check that many of us will soon be getting from the government, to help stimulate the economy. Here are a few things to consider before you spend it:
1. Although it won’t help with the “stimulus,” if you have debts, particularly credit-card debt, pay it off first, for your financial health and peace of mind.
2. If you don’t have an emergency fund or adequate retirement savings plan, put this money toward your future.
3. If this money is truly discretionary income for you, then feel free to spend it, and when you do, vote with your dollars for the world you want. Making charitable and political donations stimulates the economy as much as buying a flat-screen TV does. If you need new items around the house, or are just going to use the rebate to stock up on necessities, buy as Green as you can.
Wouldn’t it be great if these rebates stimulated not just “the economy,” but a more compassionate and environmental economy of the future?