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Monday, May 12, 2008

Media, Bad News and the Stimulus Check.

I was recently contacted by a media person (I won't name names) and asked what I was going to do with my stimulus check. He/She wanted to know if I was going to spend it on food or groceries. I gave my reply. The deadline has come and gone. My answer was never printed. I guess it was because I only had good news to reply. You decide. Here's my response:

I only have good news to report and the media today doesn't seem to be interested in reporting the news if it's good.
If you read my blog, I live debt free. Have been doing this since the last economic dip in 2001 (dot com disaster). I learned then that living without debt, a mortgage, car loan or debt of any kind is the only way to hedge against economic downturn.
Today, I don't worry about a thing. I live in my own home, without a mortgage that my husband built for us in 2002. It is immaterial to us what the housing market does. Means absolutely nothing to us. Calculating property tax, insurance, heat and maintenance it only costs us $815 a month to live in a new, 1100 sq foot home on 3.5 acres in upstate New York.
We both drive American made, fuel efficient vehicles, Ford Focus, get 35+ miles to the gallon and are not bothered by the fuel costs. People think that foreign cars are better. We know and trust Ford.
We don't carry any credit cards, pay cash for everything and if we don't have the money we do not buy. Period.
Because w e need less money to live on means we don't have to work as long and as hard to earn money. We're self employed and we only work 2-3 days a week.

What am I going to do with our $600 stimulus check?

Put it in the bank and save it.



And so it goes.

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2 comments:

Living Almost Large said...

I spent mine already on repairing our cars. We knew repairs were coming, didn't know it would be so expensive. Suppossedly only $1200, but turned into $3k. But you can't go back and change your decision in the sense one repair, then another cropped up a month later, then another. So we fixed everything. If someone had told us $3k from the start we might have sold the Focus and gotten something else.

Cinzea said...

LAL-ouch! That hurts. Hope the cars are finally fixed and everything will be smooth sailing from here on in.