I just received an email from a PR person for Experian with the results of a survey on what Americans plan to do with their tax rebate checks. Among the responses:
19% said they would pay off a debt
16% said they would pay utility bills
15% said they would increase their spending
10% said they would apply the proceeds toward home repairs
7% said they would use it toward travel expenses
4% said they would use to purchase new furniture or appliances
2% said they 19+plan to use toward purchasing a new car
I’m not sure what happened to the other 27% of respondents. I also thought it was funny that 41 percent of consumers “strongly agree” that the economic stimulus package is not enough to help distressed homeowners. Ya don’t say? In order for it to help, the rebate would have to turn into a MASSIVE GIFT!
Our plans for our rebate check:
Save it! We are going to have to use our savings to pay for our $6,700 plumbing problem and will need to replace whatever we use. It stinks because that’s not a fun thing to spend money on!
What about you? What are you going to do with your rebate check?