Bush Tax Rebate - What is the Best Way to Spend Your Tax Rebate Check?
By Michael G. Harris

With the economy entering a recession, President Bush and Congress have decided to add some stimulus to the economy by giving Americans a tax rebate check by this summer. Of course, Washington is hoping that you'll spend all of your money on consumer goods and services and rescue the economy from a deepening recession. However, is that really the best thing to do with your money?

With the election approaching in November, many people remember Bill Clinton's famous phrase, "It's the economy, stupid."

Is it really? No, it's not. It's your economy that really matters.

The majority of Americans are struggling because of the overwhelming amount of debt they're carrying. This is one reason why people aren't able spending money and the economy is heading toward a recession.

So what is the best way to help your economy? Pay off your debt. Paying off debt is the best way to help get your finances in order for a stronger financial future.

For example, let's say that you have an 18% credit card rate in which you are paying the minimum monthly payment. If you were to use your Bush Tax Rebate Check to pay if off, then it's the same thing as making an 18% return on your investment guaranteed. Not only will you make an 18% return on your investment, but you'll also have no more minimum monthly payment assaulting your finances month after month. Can you get the same guarantee from the wild stock market?

So while our government leaders hope that you'll go out and spend your tax rebate check to prop up an election year economy, remember what really matters. The best thing that you can do is invest in your financial future by paying down your debt. You'll be in a much stronger financial position and help make our country stronger in the long run.