What to do with a $600 Federal Tax Rebate?
Tom over at The 501(c) Files sent over a meme about the upcoming federal rebates with a couple of interesting questions:
- If you could do whatever you wanted, how would YOU spend your $600?
- Is that the same or different from how you actually plan spend it?
If I could do anything I wanted to do with an extra $600, there are two places I would put it. First, I’d give to at least a portion of it to Green For All. This is one of the most important initiatives in the US right now with its mission to help build a green economy strong enough to lift people out of poverty. Donations to Green For All are matched dollar for dollar by an extraordinary $1 million Challenge Grant so every dollar donated goes twice as far towards the Green For All initiatives.
I would also consider putting some of it into a trip for myself to New Orleans, which would of course be timed around the New Orleans Jazz & Heritage Festival but with plenty of time to do some Habitat for Humanity work. A volunteer vacation with really good music and food sounds perfect to me.
What would I really do with the money? Probably put it in my savings account and await YET ANOTHER email from my bank letting me know that the feds have ONCE AGAIN dropped the interest rates. I am sympathetic to the people who have fallen prey to predatory lenders. A lot of what has happened in the US mortgage market is criminal. However, a lot of it could have been avoided if consumers and the government took more responsibility for their credit and spending. None of us are perfect, myself included, but I’m definitely getting a little fed up with the situation.
What would others do? Part of this meme is tagging other bloggers to answer the same question so my turn to tag: Ren at Accounting Solver, Thursday at One Vote Matters, Darlene at Interview Chatter, Dan at Property Crossroads and Blain at Talk Stock Trading. You are all tagged!
Sadly, I’ve already spent my $600 on airline tickets for an unexpected trip I had to take. But I always dream of what I’d do if I won the lottery. My list includes: QUITTING MY JOB, starting a charitable foundation to fight sexual violence, building a house in the woods.
Just like any ‘extra’ money I recieve I will invest it. It would be a complete waste to spend money extra money that falls into your lap on some frivilous persuit. Now the only question is what part of my asset allocation are the funds going to be invested into. We will have to wait and see how the market does.