Listening to the news this morning on my way back from Dubai to Kabul I couldn’t help but ponder the question these days of what to spend the tax “rebate” on.

First, I want to say that I think it is incredulous that the US Government has the gull to call it a “rebate” when it is merely an advance on future taxes you will have to pay back without noticing the pay back. In my mind, a rebate is something that you get and keep. If rebates from stores worked the same as our government we’d have to pay back the rebate over time. So in my mind, it is all a big scam on the American people to try to get them to spend even more than their rebate.

We won’t be getting ours for some time, since we have to wait until September to file as an expat, but I do wonder about to spend or not to spend.

Part of me is annoyed with the whole thing and wouldn’t spend it the principle that I don’t think consumerism is the answer to our economic strife. At the same time, it’s not like I want the economy to decline either.

I’d love to hear what our readers have to say on the subject. Do you plan on spending it? Or saving it?

Cheers,

Miel

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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