What Are You Doing With Your Tax Rebate?

04.06.08 | Money | 1 Comment | by junger

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We're not getting much of a tax rebate this year — which is a good thing, by the way — so the $132 will either go toward our upcoming vacation or housing fund.

MSNBC.com recently polled some of its readers, asking them what they plan to do with their tax rebates.

In a sign of either a slowing economy or a return to personal finance best practices (unfortunately, I think it's the former), nearly all of the published responses focused on paying bills or adding to savings funds.

A few of the responses:

I should just sign the check over to Exxon Mobil. It’s all going to cover higher gas prices anyway.
Jim Smith, Sebastian, Fla.

Spend? You must be kidding! No way! It is going in my savings account.
Alex deCastro, Klawock, Alaska

If I get a rebate, I will add it to my grandkids’ college funds. They will have to have a good education to exist, much less thrive.
Sue North, Howell, Mich.

I am putting it aside to use on my family's summer vacation.
Martha Davidson, Mechanicsville, Va.

I am paying down my credit cards. It is useless to do what the president says in regards to spending the money. He obviously does not know how money-strapped the working class is.
Chez Escudero, Virginia Beach, Va.

If you're getting a tax rebate this year, we want to know: what are you doing with it?

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