Starting in May, the U.S. Treasury Department will begin sending “economic stimulus payments” in the form of rebates to taxpayers, who had $3,000 of income and filed a 2007 tax return and have a valid Social Security number. Eligible taxpayers will receive up to $600 ($1,200 for married couples). Parents will receive an additional $300 for each eligible child younger than 17.
Those owning, or considering purchase of a home might consider doing a few things with that unexpected windfall.
If your are buying a home, you’ll need some pocket money for incidentals during your home purchase. Look for a savings account that offers the best return. Online bankers generally offer the best interest rates, but shop around for other liquid savings, checking or investment accounts you can start up for the amount of your rebate.
If, after buying a home, you have you financial basics covered, shop around for the best deals at the lowest cost on goods and services for your home. The key is to get the most “stuff” for your money.
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