You're not the only one with a tight budget. Millions of Americans are currently struggling with unemployment, lost hours and lowered wages.
There's little comfort in knowing that others are feeling strapped. But you may be relieved to hear there are ways to make things easier — even if you're out of work or can't make more money.
We talked to financial experts for advice about getting more mileage out of the money you have available right now. Here are their tips for finding extra money in your monthly budget.
While you're here, how about this:
What to Do With Your Money Now That We're in a Recession
After months of discussion, a brief period of optimism, and then the onset of a global pandemic, it's official: We're in a recession.
"The usual definition of a recession involves a decline in economic activity that lasts more than a few months," the NBER committee said in its announcement, noting that it also pays attention to how deeply the economy contracts and the duration of that downturn. The coronavirus pandemic, with its intense global scope, is a major factor that led to the designation of a recession.
Money games for Kids
In previous years, activities were often held across schools nationwide but with many children likely to be off school until September, everything will be online this year. Now could be the perfect opportunity for parents to teach children about money - by making use of their favourite gadgets!
So, if you can’t get your child off the iPad, game consoles or awat from the TV, then here’s what you need to know to start teaching them about money digitally – they won’t even realise they are learning!
Stimulus money may come in debit card - The Martha's Vineyard Times
While many Americans received their stimulus payments via direct deposit into their bank account, and some received a paper check, around 4 million Americans will be getting a plastic debit card in a plain white envelope from Money Network Cardholder Services, which people should be careful not to throw away.
Some stimulus payments may be sent on an Economic Impact Payment Card, according to the Internal Revenue Service (IRS) website. The card is sponsored by the U.S. Treasury Department Bureau of the Fiscal Service, which is managed by Money Network Financial, LLC. The cards are issued by the Treasury’s financial agent, MetaBank N.A.
Quite a lot has been going on:
Millennials And Money: What They Regret Most
A full 83% say it was a mistake to attend an expensive college, and 75% say they overpaid for their dorm. Missing out on some financial aid (79%) and scholarships (71%) were also easy errors to commit.
In general, it seems Millennials don't regret getting a college education; they just wish they made smarter choices about where and how. The study found that respondents who made a high number of financial blunders in college were more likely to worry about paying their monthly bills today.
How do I find a fiduciary I can trust for money help? - nj.com
Q. How can I find an honest and credible fiduciary? As a senior without much of an estate, I would like to know that I'm making wise tax choices so as not to burden my survivors.
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A fiduciary is a professional who is held to a higher standard and must make recommendations based solely on what's best for a client rather than just sell products to earn money.
If most of your questions revolve around the tax impact of leaving assets to your beneficiaries, it sounds like you would need to speak to a certified public accountant or tax professional who specializes in estate planning and elder care, said Michael Cocco, a certified financial planner with Beacon Wealth Partners in Nutley.
Investing advice: Where to invest in Asia, make money in stocks, bonds
U.S. stocks have recovered robustly following March's virus-induced sell-off, prompting many to return to the markets to make gains — and recoup losses.
The S&P 500 erased its 2020 losses and the Nasdaq Composite reached a new record Monday , even as officials declared that the U.S. entered a recession in February .
That might suggest the region's return as an investing hot spot. But, as the dollar continues to tumble amid ongoing central bank stimulus, investors may be wise to look to other markets for wealth-building opportunities.
NJ Transit: Big Plans, But Where's The Money Coming From? | NJ Spotlight
A capital plan unveiled this week by New Jersey Transit calls for nearly $17 billion in spending over five years, with a long list of bus, rail and infrastructure projects put in line for full funding.
But left as a big unanswered question, at least for now, is exactly how the nearly $6 billion gap will be closed.
Agency officials are stressing the importance of releasing a long-term vision even while acknowledging its spending ambitions don't match the pot of money currently within its reach, suggesting there's value to showing what it will take to help NJ Transit return to form.
Happening on Twitter
"A budget is a moral document, and where cities invest their money speaks to their values. People actually have a l… https://t.co/qhiN9T6WDz ava (from Fourth World) Tue Jun 09 20:48:55 +0000 2020
reminder that our prison system is literally a capitalist venture funded by private companies and prisons get paid… https://t.co/LDyEbcp5BN oranicuhh (from errywhere) Tue Jun 09 12:24:38 +0000 2020
You have a great life in front of you. Everybody is going through something, I don't care who you are. I got money… https://t.co/G7LOUWFSKO IAmSteveHarvey (from Los Angeles, CA) Tue Jun 09 10:00:00 +0000 2020
black Lives Matter LA, you all need to make sure that BLACK PEOPLE are SPECIFICALLY getting those resources as well… https://t.co/aClSq49vJx tariqnasheed (from Los Angeles) Mon Jun 08 21:50:24 +0000 2020
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