Now that the Federal stimulus bill has passed both houses of Congress and has been signed into law by President Obama, the searing question is:  how do you suppose you will use the extra money in your paycheck every week?  Here are a few answers one might hear:

Inaction.  Some might not do anything with the extra money that comes to them in the form of this tax cut.  The fact that it is only about $13.00 per paycheck might cause some recipients to consider it to be too miniscule to plan for, let alone even notice that it is there.  It does take initiative and planning to make use of this money, no matter how small and insignificant it might appear.  Inaction on the part of these people is almost predictable, but it does not have to be that way.

Savings.  Some might choose to place this money into a savings account.  Over a years time this money adds up to be $676.00.  When you figure interest on the top of this you can have a nice beginning to a solid savings account which will grow as long as you do not make any withdrawals.  You can choose better returns by choosing different vehicles in which to place the money.  Most CDs have minimums, but if you deposit it into an already existing account, you can add to the accumulation of money.  Or, you can start an IRA with it and add monthly to that account for retirement.

Retire Debt.  Taking this small amount to pay off debt might seem like a waste since it is so little.  Yet, if you add it to payments that you are already making, it can help you reduce your principal balances quicker and that is worth a lot since your interest amounts will reduce as well.

Make sure you have a plan for this money.  Do not let the opportunity to use it for the betterment of your financial situation slip by unattended.