Money making

More on 2nd stimulus check and proposed 1800 page ‘Hero’s Act’ package

Coronavirus, Covid-19, the pandemic or whatever we are ‘allowed’ to call it online might be a blessing to some, while nonetheless, a curse to others.

As a single divorced mom for me having an extra $1200 was a welcome gift from the pandemic. Millions have lost their jobs and there are many families struggling. I tend to think like this….plan for the worst, hope for the best, but ‘find joy in the moment’, kind of person. While there are so many bad things about this virus that the media tends to focus on, I think about all the good that has and will come of this as well.

So many families are more united than ever, I think that times like this really put life in perspective. We need to take more time for family, friendships, being kind, and placing more value on relationships, social connections and finding joy in life’s little moments.

As someone who deals with bouts of depression and anxiety, in addition to living with a chronic pain condition. I already value my down-time or alone time or just being home-time, probably a lot more than the average person, so being in quarantine made me focus on things that I’ve wanted to do but never had the time for. I love reading (and writing) go figure. I’ve always been into story telling and journaling. I guess I just love learning. So this pandemic has given me the time to get my blog updated and focus on sharing content that I think will be valuable to others, reading and just learning in general.

I also realized where I need to cut back my spending. I think one of the things I most buy that I can admit I need to cut back on, is buying books. I don’t know why I buy so many but I always have the best intentions when it cones to reading them. As we speak I’m reading a business book (this is my favorite category) Called Shopify E-Commerce Dropshipping, just got done with one By Jessicas Simpson called Open Book which was a pretty good read. And a few others during this whole crazy quarantine situation.

Anyway, the value of just being able to have quiet time to read, think and ponder just helped me so much with self care, and taking time for myself and my own mental and physical well-being. As a busy mom of two boys ages nine and six, my focus first is always what my kids need often neglecting my own needs. I now share custody of my boys with their dad so on his weeks I take time for self-care and make my health a priority. Living with a chronic pain condition can be extremely taxing on ones own health as well, not just physical health, but my own mental health too. Chronic, long term pain is associated with increased risk of depression and anxiety, which I have definitely struggled with long term.

Ok, enough about quarantine, now back to the checks!!!

Here’s the latest update as of today May 20th, 2020

Unveiled by House Speaker Nancy Pelosi on Tuesday last week May 12th, the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act is a $3-trillion coronavirus relief bill whose measures include giving eligible Americans a second stimulus check to help them cope with the financial effects of the pandemic.

The fresh round of Economic Impact Payments proposed by the Democrat-backed HEROES Act would see those in the United States who earn less than $75,000 a year receive a one-time, non-taxable check for $1,200, while households with dependents would be able to claim a total of up to $6,000.

HEROES Act passed House of Representatives on Friday!

Don’t get too excited yet…

The HEROES Act was passed by the House of Representatives on Friday  

Trump has the power to veto the proposed legislation – a course of action which could then be overruled by the bill going back to Congress and achieving a two-thirds majority in both the House and the Senate.

So as of now, we are waiting mode

A few facts about this proposal…As things stand today, the second stimulus check is for $1,200—the same amount as the first $1,200 stimulus check. Individuals would get $1,200, while married couples who file joint tax returns would get $2,400. Children (up to three) would also get the $1,200 amount with this new round of stimulus checks as opposed to the $500 they got with the first round. For example, a family of five (a married couple who files joint taxes can claim up to three children) would get a maximum of $6,000 if this second round of stimulus checks becomes law.

Remember, you’ll only get this money if the Senate signs on with the House to provide more stimulus checks. The economy is reeling, and the Senate knows it. Senate Leader Mitch McConnell and other Senate Republicans already agree that another stimulus relief package is necessary. They just want more time to get it done, and they are communicating that they will start work on it in June.

So we might not really know until June.

I’m happy about the student loan forgiveness part, as someone who had to take out student loans to have a higher education of any kind. A decision I don’t regret by the way, although I do think we need to make it easier and more affordable in our country to go to college.

What are your thoughts on this proposal? What parts are you most excited about, if it passes?

Money making

2nd Stimulus check update: What this means for you and your family!

House Democrats want to send Americans a second round of stimulus checks worth up to $6,000 per family as part of the $3 trillion coronavirus relief package they rolled out Tuesday — the largest in history.

Like the first round of payments approved by Congress in March, new proposal calls for giving $1,200 to those earning up to $75,000 a year and $2,400 to couples without dependents making double that before phasing out. But it would be far more generous to many families with children, providing $1,200 per dependent up to a maximum of three.

Americans may not see these new, more generous payments, however. Senate Republican leaders have already said the new bill is dead on arrival….no surprise there.😂😂

This New Democratic bill would also extend the historic enhancement of unemployment benefits included in the March legislation. It calls for continuing the weekly $600 federal payment through January, instead of through July.

Republicans are arguing this second round of emergency funding is not yet needed as states begin to reopen. Do you agree?!

Democratic lawmakers also want to bolster the nation’s safety net by increasing the maximum food stamp benefit by 15%, a provision they could not get into prior packages, and providing additional funding for nutrition programs for children. 

They would also allocate $175 billion to help renters and homeowners and offer subsidies to help Americans who lose their employer-provided health insurance keep their coverage.

This new proposal calls for $1200 in stimulus funding per dependent instead of the previous $500. And additional funds for dependents under six.

Hmmm. So, my youngest is six so I’m confused if that would include him or not. Either way, I think this would help so many families.

We will know more about this bill and if it passes this Friday May 15th, 2020.

*Stay tuned for more on this and more economic recovery and help for families struggling during this pandemic. *