Winning the bills...
By berlong
@berlong (227)
United States
May 31, 2009 1:55pm CST
Hypothetically speaking. If you were to win or be given a large amount of money what would you do with it? Would you pay off all of your debt like you know you should? or would you blow it on material things such as a new car, tvs, households?
I was just talking to my husband about the way our economy has been and the stimulus checks. We found it very upsetting to realize that many people actually spent/ would spend a stimulus check ( whish is supposed to help the amount of debt in todays world) on random junk. Personally if I had a large amount of money to do as I please with I would MOST definately pay off my student loan, car loan and any other debt my husband and I have together! That way we come out on top and not further in the crapper!
How about you? What would you do? Any opinions on the stimulus check situation???
Happy Mylotting
3 people like this
5 responses
@khayshenz (1384)
• United States
31 May 09
I would definitely pay off debt.
Unfortunately, I lost a good amount of my working hours - so I'm basically living off of what the government gave back to me as stimulus money. Though I haven't bottomed out - it's almost gone.
I mean I'm blessed that I have a job - and right now, it's just all about stretching that penny!
1 person likes this
@berlong (227)
• United States
7 Jun 09
I know bunny, I just saw that a little bit ago! ! ! Im soo excited. I thought it was never going to happen. LoL. But seriously, if I was given/won a large amount of money, Im with you, Id SOO pay off ALL of my debt, or as much as I could anyways, and try to start back at ZERO! ! !
Happpy Hunting
1 person likes this
@snayak11 (154)
• India
3 Jun 09
saving ur money always helps. but if one have some kind of debt, then he/she should clear it off. bad loans must be wiped out. then u may save the remaining portion or may invest 25% of the extra money in gold, the best happening commodity to possess. invest in right place is always better than keeping the money with u.
@bunnyhoover (406)
• United States
6 Jun 09
First off would be as much as my debt as I could handle. It would be nice to start again from 0 with a more responsible head. I'd have to focus on humanitarian efforts. I'd use anything left to either fund my scientific research or fund a private think tank focused on the betterment of mankind. I really want to see a giant multi-generational space ark created to seed another planet, spreading the human race.
@PeacefulWmn9 (10420)
• United States
31 May 09
I definitely would not blow the money, but would put half toward bills and half in savings. This is what I did with last years stimulus check. The only way to stay afloat in an economy like this is to use wise financial methods!
Karen
@berlong (227)
• United States
31 May 09
I definately agree with you. Any extra money my husband or I recieve we put right towards our debt. That way we have more of our OWN money to save towards other bills and the debt. Its crazy how our economy has turned out, but hopefully Obama really can pull us out of this hole that we have fallen into!
1 person likes this
@PeacefulWmn9 (10420)
• United States
1 Jun 09
I, too, have high hopes that President Obama will make headway in many areas. It seems the whole world is in flux and crisis!
Have a great evening.
Karen
