Stimulating the Economy - What to do with your money?
I’ve seen a lot of posts about people trying to figure out what they’re going to do with their money. I really liked seeing a couple say they planned on spending some of it. It just made them unique. :) (PaidTwice for example.) The thing is, nobody I’ve seen really plans on splurging and getting something they weren’t already going to try to get anyway. Medical, house fix-ups, etc seems to be about it.
Me? Well, I’ve got SIX kids…so we’re going to get $3000. That’s right THREE THOUSAND DOLLARS!!!
| Breakdown | |
| Spouse & I ($600 x 2) | $1200 |
| Children ($300 x 6) | $1800 |
| Total | $3000 |
I typically get a bonus check each year for about $3000, but it ends up being less than $2000 after taxes. This is a full 3K!
So, to make this a little more fun, we plan on splitting this up into a few categories. As much as I’d love to just dump the entire thing on a credit card balance or something, we’re going to compromise as a family.
We have a vacation planned for next summer to drive cross-country for a small family reunion we already agreed to last year. Since we don’t have a vehicle that fits the whole family, the wife is going to fly with the baby while I drive the van with the rest of them. The trip expenses are probably going to be about $600. This was going to kill our budget, but we’ll just allocate some of the 3K toward that. In fact, we’ll make it $1000 and have some extra fun on the trip to make it as memorable as possible for the kids. (We don’t plan on doing much for vacations for awhile.) So there’s our "economy stimulation" right there. We’re going to purposely spend extra money on our trip.
The other $2000 will probably get applied directly toward a credit card. I just wouldn’t feel right if we didn’t do this. I’m still paying for all that economy stimulation I’ve been doing the last 10 years, time to put a stop to it.
So how much of your check do you plan on spending? Anyone else out there planning on splurging a little?