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Andrea Hermitt

I have been a certified tightwad striving for financial freedom since I became pregnant with my first child -- and I decided to find a way to stay home with him full-time. I enjoy sharing my personal experiences in my journey back to financial health and planning for a future -- which will include sending 2 kids to college and early retirement.

Tax rebate checks -- also known as Economic Stimulus Payments -- will be sent out in May of 2008 to 130 million families. Their purpose is to stimulate the economy. I can't help but think they'll simply be used to pay of debts. How does that stimulate the economy?

Don't file a tax extension this year... it may cause you to lose out on your piece of the pie from the President's Economic Stimulus Package. That's right, you might not get your refund if you don't file your taxes on time.