The second stimulus check offers a direct cash infusion to many Americans, and there’s a great deal of flexibility in how it can be used. If you have received or expect to receive a second stimulus check, how you should use it depends on your particular financial situation.
The new year has begun with continued economic uncertainty for many people, but the uncertainty caused by Covid-19 shouldn’t cause you to forgo setting financial goals. While the crisis will likely alter your current financial position and immediate goals, setting those goals remains as important as ever (if not even more important). If you don’t know where to start, here are some financial goals to consider for 2021.
Have you ever heard the advice to put 15% of each paycheck into savings? That’s all well and good, but if your paycheck is barely enough to make ends meet, it’s not advice you can put into action. After all, that last five dollars may be just enough to put gas in your car to get you to work. With millions of Americans struggling to get by on less money, shouldn’t savings take a back seat? No way.
What is your biggest worry? If it has anything to do with your financial health, you're not alone. 73% of Americans rank their finances as the biggest stress they currently have. Avoiding your financial issues won't help you alleviate this stress, it only makes it worse. The best way to overcome it is by facing your finances head-on and developing a plan to help you succeed.
How you perceive the world has an oversized impact on how you approach it, and the same is true with specific regard to finances. How you think and talk about your finances has an enormous impact on how they go.
Typically, the income tax deadline falls on or around April 15. Because of the coronavirus pandemic, Americans faced a somewhat different experience in 2020. For millions of people, that might even include getting a surprise check in the mail from the IRS.
As the pandemic continues to cause health and economic woes across most of the world, the United States has been moving forward with talks about sending a second round of stimulus checks out to citizens. Like the previous stimulus package, eligible recipients may qualify to receive up to a possible $1,200 payment as well as an additional $500 for dependents.
The Covid-19 pandemic has financially affected many American families, and plenty of people are dealing with significant financial pressures during this time. Whether you’re financially secure or living paycheck-to-paycheck, we can all benefit from these helpful financial tips during this uncertain recession.
COVID-19 has rocked the global economy and left millions of people unemployed. In the US, more than 20.5 million people are unemployed because of the pandemic. If you are one of the affected individuals, you are probably wondering whether you will go back to your old job or secure a new one. The ability to secure a job after the epidemic depends on the industry that you are in and your job title. Let us look at the various industry facts and discuss what you can do if you do not get your job back.
Financial awareness extends beyond merely knowing what state your personal finances are in, although that’s certainly the start of becoming financially aware. The full scope of awareness includes being smart with money -- and that’s never more important than during a pandemic that has brought great economic uncertainty. To help celebrate National Financial Awareness Day on August 14th, we’ve compiled a step-by-step guide to becoming financially smarter during the COVID-19 pandemic.
