What to do? 600 a person. Lets just call it a bonus from work or a tax rebate, or whatever? What do you plan to do with yours? I would probably directly drop this on a house note. It is something great to have, but not enough to do anything major with. I will spend well over the stimulus amount just on the increase in gas prices. Here are some random ideas on things to do with the money for starters.
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First, if you have credit card debts. Knock those out if you can, or atleast put a dent into them. Anything where you have high interest, get rid of as much as you can.
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If you do not have a stock trading account, this could be the boost to get you started. Locally I use Scottrade. I am happy with them. There is a local branch and I have really never had any problems.
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Incorporate? The paper work will run you a few hundred dollars. This will give you a tax id and all the fun things that come with owning your own business. You could probably do this and keep $200 dollars to drop on whatever you please.
I couldn’t really think of much more, so help me out with ideas… I am realizing that you aren’t going to put a dent in the Malibu land that just went up for sale at $130 million. It could help you get started though.
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April 25th, 2008 at 7:33 pm
Good advice. I don’t have any debt so I’ll probably just keep mine in the bank until I buy a car. Which should be this summer. I want a saturn sky redline. Check it out!
Oh, and I already trade stock options.
April 28th, 2008 at 1:47 pm
Sounds like a night at the club…