President-elect Joe Biden might have big plans for the coronavirus relief stimulus check 2, but till that day comes when Americans finally receive the much-needed aid, follow these expert-suggested steps to manage your finances better during this time of crisis.
President-Elect Pushes For Stimulus Check 2
Covid-19 cases are still on the rise with no sight of any vaccine in the recent future. As the situation worsens across the nation, there seems to be no progress on the part of Congress regarding the stimulus check 2. Negotiations are way off-track and not even close to a final deal. It seems that Americans will have to spend 2020’s holiday season without the required aid from the government.
President-elect Joe Biden now brings new hopes in the minds of people. In his 1st speech on economy this Monday, Biden addressed the Congress to hasten the process, to forgo differences and act immediately. The stimulus check 2 is a necessary tool to get struggling individuals, workers, small businesses to get back on their feet. Millions of furloughs and layoffs depend on the fate of this relief aid.
Biden calls for action “now” and “not tomorrow”. He further stated his support for the $2.2 trillion HEROES Act. This proposed stimulus check 2 is supposed to come with enhanced benefits for the unemployed, local governments, state governments and so on.
3 Measures To Manage Finances Better Till Stimulus Check 2 Happens
But since there is no official guarantee on any relief bill as of yet, financial planners suggest 3 top techniques to sustain yourself better amidst a pandemic.
Be Prepared For The Worst
With the new President-elect, many Americans are hopeful for the stimulus check 2, but legislation is still a great barrier to cross. Imagine what you would do without the second round of stimulus package. Prepare likewise. Pull your purse strings and get in line to secure your economic stability. If there is a government aid later on, it will be like the cherry on the cake.
Learn New Ways To Make More Cash
With so many months of the pandemic, you must already know the first point. There is only so much you can cut down on. So, try making some new cash. Try reaching out to your creditors and service providers for temporary relief or lower-rate monthly packages. You can also cash in credit card points, or find temporary jobs that will get you some extra cash at the end of the month.
Try Out Inventories Against Current Assets
If you are in need of a bulky amount of aid, then you can ask a relative for help, or use your credit lines, life insurances or personal loans. You can even cash in on your retirement accounts if you are in need of emergency cash.
Besides, we can still hope for the stimulus check 2 to be here by early 2021.