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25 Ways for Families to Spend the Economic Stimulus Payment

Give the Economy a Boost and Treat Your Family

By Rachel Carpenter (joyful327), published Apr 23, 2008
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It's like your Birthday, Christmas, and Valentine's Day all in one. (Okay, maybe not that good.) But, starting in May, the government will be issuing economic stimulus payments to help give the economy a much needed boost. The average family of four should receive $1800. For more information on the payments, and to figure out when you should get yours visit the IRS web-site.

Although it's tempting (and wiser) to put the money in savings or pay of debts, the government is hoping us American's will spend it immediately. Here are twenty-five fun ways to spend your payment on your family:

1. Enroll Your Children In a Class or Sport: Has your little one always wanted to take ballet but you couldn't afford it? Well,now you can - at least for the next year. Use the payment to enroll your child(ren) in lessons (piano, violin, dance, karate, drama etc.), or sports (tennis, golf, gymnastics, football, etc.). It will not only stimulate the economy, it will stimulate their social skills, talents, health, and self-esteem as well.

2. Throw a Neighborhood Block Party: Now you have a great excuse to meet the neighbors. Throw a big block party (be sure not to leave anyone out), complete with delicious food, games, and don't leave forget to rent an inflatable jumper for the little ones.

3. Host an Exchange Student: Okay, the economic stimulus may not fully cover the additional cost of hosting an international student - (there's no fee, but you need to pay for food, etc.) - but it can help out. Opening your home to an exchange student will teach your child about another culture, and perhaps develop a lifelong friendship. There are many programs to choose from including http://www.ayusa.org, http://www.effoundation.org, and http://www.sea-usa.org.

4. Hire a Housekeeper: Who wouldn't love to take a break from dusting and cleaning? There might be a single mom, retiree, or struggling college student who cleans homes and would love your business. The stimulus should pay for a housekeeper twice a month for a year.

25 Ways for Families to Spend the Economic Stimulus Payment
25 Ways for Families to Spend the Economic Stimulus Payment

Give the economy a boost and spend your payment!

Credit: apostolic

Copyright: sxc.hu/apostolic

Takeaways
  • This article shares 25 fun ways to for families to spend their economic stimulus payment.
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Comments
Comments 1 - 9 of 9
 
 
What neat, creative ideas. I love that most of them involve the benefits of doing things as a family or offer a chance for improving one's health, education, etc., instead of blowing the wad on a big dumb TV or suchlike. Thanks, joyful!

Posted on 05/11/2008 at 9:05:00 PM

 
Great ideas!

Posted on 05/07/2008 at 7:05:52 AM

 
Gas and medical bills will eat up many peoples rebates.

Posted on 05/07/2008 at 6:05:47 AM

 
The people I know who are getting it are using it to pay down medical bills b/c of a lack of health insurance. Although I love your article! In a perfect world, these would be great! Very creative!

Posted on 05/02/2008 at 1:05:45 PM

 
Good article. Some very creative ideas.

Posted on 04/30/2008 at 4:04:01 AM

 
No comments yet about #4 not stimulating the economy because it would only go to illegals? :-)

Posted on 04/29/2008 at 5:04:04 PM

 
wonderful ideas that can be for the whole family. you can also take a weekend vacation of quality time or start a college fund for the kids, many of them only need 250 to begin so you may even have money left over.

Posted on 04/27/2008 at 12:04:31 PM

 
These are some great ideas! :-)

Posted on 04/26/2008 at 6:04:24 AM

 
Great ideas, but unfortunately many are going to be using the money to pay their lawyers for filing their bankruptcy. I don't think it will do much of anything as long as the price of gas and everything else keeps going up.

Posted on 04/25/2008 at 10:04:28 PM

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