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 â€œstrongly agreeâ€ 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?