How To “Automagically” Change Your $2,100 Tax Stimulus Check Into $2,310 In Seconds!

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So the tax stimulus rebate checks are coming and everyone is trying to get a piece of the pie. I wrote an article yesterday about car dealerships sticking their paws in your face to get you to spend it there, but there may be a better way to do it…

Many people are looking for better ways to spend their rebate checks when they come.

However, retailers are hopping on the bandwagon as well and offering deals to spend the check at their locations. Sears is offering a 10% addition to your check if you decide to spend it at their store. (10% of $2,100 is $210. $2,100+$210=$2,310 “automagically!”)

Kroger & Co. is offering a similar gig at their department stores offering 10% to buy their gift cards with your rebate.

Radioshack is also jumping in on the 10% offer bit if you spend $50 or more. “That’s a lot of coaxial cable!”

Personally, mine is going into my ROTH IRA most likely. I don’t “need” it right now for anything critical (knock on wood), but could put it to good use in SWEGX for my ROTH IRA. I have a feeling that the $2,100 I put in the ROTH would be worth more in 10 years than putting it towards a new TV from Sears though. :)

However, if I NEEDED a new washer, dryer, dishwasher, tv, etc - I would most certainly consider giving it to a place that was giving me a bonus for taking it there.

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6 Comments

  • User Gravatar no imageCurious Cat Investing Blog (Who am I?)
    May 3rd, 2008 at 6:12 am

    Yes, if you already were planning on buying something then use your rebate check at a place that gives you a bonus for doing so. And put the money you were going to use to buy it in you Roth IRA. Free money.

    Curious Cat Investing Blog’s last blog post..Some Movement on Regulating Credit Cards Companies

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  • User Gravatar no imageMarty (Who am I?)
    May 4th, 2008 at 4:48 pm

    Good call investing your rebate in a Roth but most people probably won’t be so disciplined. If you do need to spend, might as well take advantage of the special discounts the major retailers are offering to lure you into their stores like you mention in your article.

    Marty’s last blog post..Site Hoppin Tool Bar 1.1 Released - Get Yours Today FREE

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  • User Gravatar no imageLazy Man and Money (Who am I?)
    May 6th, 2008 at 12:35 pm

    Considering it’s Radio Shack, it really isn’t a lot of coaxial cable at all ;-).

    Lazy Man and Money’s last blog post..Chrysler’s Cheap Gas: Trick or Treat?

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  • User Gravatar no imageJay (Who am I?)
    May 31st, 2008 at 3:24 pm

    If anyone is looking for a good way to invest their stimulus check, internet business expert Scott Fox is offering a free special report called “7 Simple Steps to Stimulate Your Success Online.”

    It describes seven steps anyone can use to start an e-commerce web site of their own with their stimulus check. It’s in the form of a free ebook that you can download online. He has some really good ideas and it’s definitely worth checking out for anyone who wants to get the most out of their stimulus check.

    You can get it free at http://www.scottfox.com/7-simple-steps-stimulus-ebook.html

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