I Interrupt Normal Broadcasting …

to announce that the Sangl Family "Economic Stimulus Payment" from the IRS has arrived in our bank account.  I am thrilled, excited, and, yes, PUMPED to see it show up the bank.  You see, I just could not wait to receive this money!  I needed this money.  I was desperate for this money.  I  needed it to do my part to stimulate the economy.

NOT!

Because Jenn and I save for (1) emergency expenses, (2) KNOWN, upcoming expenses, and (3) our dreams, when we receive "found money" like this it is truly a blessing – not just meeting some immediate, pressing need.  What are we going to do with our ESP?  We are putting it into savings to fund a dream.

Boring I know.

But perhaps I should tell you how things like this used to go down.  We would know that we were going to get a tax refund, so we would buy things and say, "We will pay for it with our tax refund."  By the time the tax refund showed up, we had already spent it seven times over.  This left us frustrated, angry, and with a pile of debt.  Just writing about it makes me mad all over again.  I used to be such a horrible manager of my money.

Never again.

If you are wondering what to do with your ESP, check out the "Best Utilize Your Tax Refund" series. 

3 Comments

  1. Jon Smock on May 8, 2008 at 8:16 am

    Hehe – beautiful.

    We’re thinking about getting bikes with ours, but we’ve already got an emergency fund, we’re not creating new debt, and we’ve been attacking our existing debt pretty hard. Not to mention the obvious advantages of having bikes (fitness, non-car transportation…).

    But, if that doesn’t work out, it’s going right to savings/debt.



  2. Moneymonk on May 8, 2008 at 3:16 pm

    I think everyone should treat it as a bonus check!

    Have fun or donate it to your favorite cause if you’re outta debt



  3. Todd C on May 8, 2008 at 5:26 pm

    Joe,

    Are you going to share what you did with the rebate?

    Todd



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