Monday, April 28, 2008

Where will you spend your Stimulus Check?

image As you may have already heard, the US government will be distributing stimulus checks (aka. tax rebate checks) a few days earlier than expected.  Personally, I am not convinced that a couple hundred dollar government sponsored rebate check for each household is going to save the US economy.  On the other hand, I'm not an economist, so I'm willing to take part in the rebate "experiment".

Following are a few tips to maximize your stimulus check spending.

  • Sears is offering an additional 10% when you use your rebate check to purchase a Sears gift card.  Sears gift cards can be used at Sears, Kmart, and Lands End.
  • SuperValu will redeem stimulus checks for gift cards and add $30 to each $300, or 10%.  SuperValu gift cards can be purchased and used at all SuperValu owned stores which includes Acme, Albertsons, bigg's, Cub Foods, Farm Fresh, Hornbacher's, Jewel-Osco, Lucky, Shaw's/Star Market, Shop 'n Save and Shoppers Food & Pharmacy.
  • Kroger Stores is offering a similar 10% rebate check for gift card exchanges at all of it's stores which includes Kroger, Baker’s, City Market, Dillons, Fred Meyer, Fry’s, Gerbes, Hilander, Jay C, King Soopers, Owen’s, Pay Less, Ralphs, Smith’s and QFC stores.
  • RadioShack is offering a 10% discount on all purchases when you use your stimulus check to make your purchase at any of the 6,000 RadioShack stores.
  • Roundy's, a 153 store grocery retailer in the Midwest, is offering a $30 for each $300 (10%) bonus on all stimulus check exchanges at their Pick 'n Save, Copps, Rainbow and Metro Market stores in Wisconsin and Minnesota.

For me, I'm thinking of maximizing my stimulus check on the staples (not the office supply store; I mean food).  10% seems to be the sweet spot for stimulus check incentives and I'll always need food, so the Supermarket seems to make the most sense to me.  How about you?  What do you plan to do with your stimulus check?

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