How should I use my rebate check to prepare for the recession?

[NickB79]

So far, I've penciled in:

-buy new vegetable seeds for my dad's gardens.
-buy a few more fruit trees to plant at my dad's farm
-buy a chest freezer to stock with produce this summer and fall from my dad's farm
-put the rest towards paying off my car (my only debt).

Any other suggestions for what do spend it on?

[Zywiec]

1. Wow, how much are you getting? n/t

[thereismore]

2. if you wait too long the only thing to do will be to set it on fire to warm up your tent. nt

[dysfunctional press]

3. prepare? the recession will be here way before the checks.

nt

[LSparkle]

4. Buy gold -- as much as you can

And put it under your pillow!

[Kittycat]

5. Put it in a CD, because they're taking it out of your return next year.

Use the interest to do what you posted above.

[Lerkfish]

6. buy a body bag.

for after you're homeless and freeze in the streets.

[wiggs]

7. Stock up on durable products, especially food, you know you'll need. When

bread goes to 5 bucks a loaf, you'll have some in the freezer you paid 3 bucks for.

Your suggestions are good. Debt is an interesting thing, though. If you have debt and lets say you're paying 200 per month for your car. The 200 bucks you'll pay next year in deflated dollars are worth less than the 200 bucks you paid last year.

[kineneb]

8. non-perishable foods

rice, beans, pasta, canned goods... and as someone on another thread suggested- toilet paper.

I am investing in metals...the kind with labels wrapped around them.

[sarcasmo]

9. Pay off the Car.

[tomreedtoon]

10. Buy guns. Use them to get more money.

Seriously, this is among the stupidest ideas the Bushies have ever had. I would use my rebate - if I even get anything worth folding - to help pay off my MasterCard, my main debt. Actually I may end up paying the taxes for an unemployed friend of mine; she's been jobless for four years, and her taxes are mainly her Social Security tax.

[Bitwit1234]

11. It is not really a REBATE CHECK YOU HAVE TO PAY IT BACK.

Whatever amount you receive in the form of a rebate check will be deducted from you income tax REFUND next year....go check out the front page of CNN on line and click the link. It tells you all about it.

[chknltl]

12. Don't buy stuff that has "Made In China" stamped on it.

Buying gold was suggested earlier...If you can do so, it is not such a bad idea.

[coalition_unwilling]

13. Spend some on Obama '08 signs? -n/t

[leftofthedial]

14. get really really drunk

you have a good list


ammo

the chest freezer may become too expensive to run

[flvegan]

15. Vegas, baby!!

It's a sure thing!

[screembloodymurder]

16. I'm wondering if I can buy insurance for my state pension.

If they get hit by the sub prime mess, I'm out my retirement.

[taterguy]

17. A nice bicycle would be a good investment

They're fun to ride, especially past gas stations with ever escalating prices.

[StarryNite]

18. I really like the bicycle

idea. Unless this does turn out to just be an advance on our 2008 taxes in which case we better just save it so we can send it back. In any event, we are all going to have to pay it back to China because our government will have to take out a loan from them in order to "give" us the 'rebate'. And of course we, the tax payers, will have to pay China back with interest so the whole rebate idea is stupid.

[taterguy]

19. Bicyles pay for themselves if you use them often enough for basic transportation

[Roland99]

20. What? No duct tape and tuna fish?!?!