The Tax Rebate: What Should You Do With Yours?

According to the government, our tax rebate should be arriving in May. And although the hope is we'll run out and spend it to stimulate the economy, I'm betting most people will do what I'm going to do with it: pay debt. In this frightening economy, I'm afraid to be frivolous with any windfall that comes my way.

Lending Tree has an article which might be helpful, when it comes to deciding what to do with your tax rebate. They recommend you look at:

1. Paying off high-interest outstanding debt.

2. Starting an emergency fund. It should cover your rent and living expenses for six months.

3. Using the rebate to make a large purchase that you otherwise would have financed.

4. Using the funds to make your home more energy-efficient.

5. Depositing the money into a retirement account or IRA.

All smart ideas. But if you're absolutely determined to stimulate the economy, check out Ben's Bargains for some coupon codes and deals that will help you stretch that rebate and make the most of it.

Note: I have no affiliation with Ben's Bargains. Just think it's a neat site.

Earlier posts on saving money:
Save Big with Smarty Pig
Money Saving Myths about Grocery Shopping
Great Web Site for Frugal Moms