When I first read that my country was giving me back $1200, my initial reaction was outrage. Every day I read about the trillions of dollars of debt we’re in, how the nation is going into a recession, how the dollar is losing value as we owe more and more to other nations, and yet the government is giving away its money?

Now I understand that the idea is people will go out and consume things with this money, which in turn helps stimulate the economy. Yet what most people seem to think will happen is the rich people will save the money, not helping the economy one bit, while the poor will spend it on something they can’t afford in the first place.

While I consider myself far, far away from “rich”, I count myself as one of the people that will be putting this money right into savings (or maybe towards my college loan). As do most other personal finance bloggers it seems.