How to give yourself a stimulus payment (if Congress won’t)

How to give yourself a stimulus payment (if Congress won't)
How to give yourself a stimulus payment (if Congress won’t)

Congress still can’t get its act together on giving Americans more of those $1,200 coronavirus “stimulus checks,” similar to the direct payments made in the spring.

Another round of cash to relieve financial pain and stimulate the economy was missing from a COVID-19 relief bill that died in the Senate this month. Since then, a bipartisan group of lawmakers has proposed a $1.5 trillion package that includes new stimulus payments, but it’s not clear if the plan will go anywhere.

If you could use another $1,200 right now, don’t wait for Washington to sort things out. You can find your own sources of cash, to give yourself a stimulus check. Check out these nine ways to do that.

1. Cut your car insurance costs

<cite>mimagephotography / Shutterstock</cite>
mimagephotography / Shutterstock

If you’re like most people, your car insurance is due every six months.

Read More

How Does Carvana Work?

Photo credit: Mark Ralston - Getty Images
Photo credit: Mark Ralston – Getty Images

From Car and Driver

Carvana is an online-only used-car retailer that performs almost all the functions a physical dealer would offer: buying and selling cars, accepting trade-ins, and financing purchases. Naturally, the company’s site contains a thorough FAQ page, but here’s a primer on how it works.

How do I find and buy a car?

It’s as easy as going to the Carvana home page and clicking “Search Cars.” Vehicles costing from around $7000 to $100,000 are sourced from auctions and dealer partners, trade-ins, and cars Carvana buys from private sellers.

Clicking on a car pulls up the vehicle detail page. If someone else has just begun the purchase process, a pop-up displays how long the vehicle’s being held for the other customer. Photos with the “Purchase Pending” graphic have been bought and won’t be available again unless they are returned. You can

Read More

Car Buying is Changing and All It Took Was a Pandemic: The Enlightenment

Photo credit: Illustration by Marcos Chin - Car and Driver
Photo credit: Illustration by Marcos Chin – Car and Driver

From Car and Driver

For ages, car dealers have stacked the deck against buyers. They’ve squelched competition with state laws that their lobbyists helped craft. They’ve fought attempts to share financial information with buyers, making negotiating unpleasant and difficult. Many of them won’t even answer a simple email.

In the past decade, car dealers have haltingly, begrudgingly embraced changes in the retail landscape brought on by the internet. And that slow play would have continued but for a fat little microorganism that traveled the globe earlier this year and disrupted everything. The COVID-19 shutdowns this spring forced dealers to do something they’d been putting off: embrace technology and put buyers first.

“People’s expectations changed overnight,” said Larry Dominique, chairman and CEO of PSA North America, which is in the process of relaunching the Peugeot brand in the U.S. and Canada

Read More

What Is DeFi?

DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.

DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a single, central source. That’s important because centralized systems and human gatekeepers can limit the speed and sophistication of transactions while offering users less direct control over their money. DeFi is distinct because it expands the use of blockchain from simple value transfer to more complex financial use cases.

Bitcoin and many other digital-native assets stand out from legacy digital payment methods, such as those run by Visa and PayPal, in that they remove all middlemen from transactions. When you pay with a credit card for coffee at a cafe, a financial institution sits between you

Read More

Where’s My Second Stimulus Check? 32 Answers to Your COVID-19 Money Questions

The coronavirus pandemic has led to widespread job loss and financial uncertainty — even for those who are still employed — due to market volatility and a global economy that’s been crushed by closures and lockdowns. With so much upheaval, many Americans are left struggling to figure out their best financial moves. From losing a job to retiring and life in between, here are the answers to some of the most pressing coronavirus money questions.

Last updated: Sept. 18, 2020

Will There Ever Be a Second Stimulus Bill?

Congress has thus far been unable to agree on exactly what a second round of relief funding would entail. Democrats previously proposed a $3 trillion bill and then suggested $2 trillion in relief, while Republicans proposed a $300 billion “skinny” relief bill. Some experts, including Jordan Weissmann, Slate’s senior business and economic correspondent, believe a second relief bill — and the second

Read More

4 Accident & Health Insurance Stocks to Watch Amid Pricing Pressure

The Zacks Accident and Health Insurance industry is likely to benefit from prudent underwriting and increase in underwriting exposure. Aflac (AFL), Unum Group (UNM), Amerisafe (AMSF), and Employers Holdings (EIG) should continue benefitting from prudent underwriting standards, though rise in claims frequency could weigh on the positives.  

The industry has been witnessing soft pricing over the past several quarters. Nonetheless, rise in claims due to the pandemic is likely to increase pricing for this industry in the coming days. Also, increasing adoption of technology in operations will help in smooth functioning of the industry amid coronavirus-induced challenges.

About the Industry

The Zacks Accident and Health Insurance industry comprises companies that provide workers’ compensation insurance, largely to employers operating in hazardous industries, such as construction, trucking, logging and lumber plus manufacturing and agriculture. These companies also offer group, individual or voluntary supplemental insurance products.

Workers’ compensation is a form of accident

Read More

Pilots face layoffs and an uncertain future as coronavirus hammers the airline industry

Thousands of pilots across the country are facing pink slips in a matter of weeks unless the airline industry receives more financial aid from the federal government. For many of them, flying has been their dream since they were kids, and the crisis in the industry has left pilots young and old stuck in a holding pattern — either hoping for a miracle or eyeing the exit.

On Thursday, executives from the major U.S. airlines met with White House chief of staff Mark Meadows in an attempt to secure more emergency funding. The meeting included CEOs Doug Parker of American Airlines, Scott Kirby of United and Southwest’s Gary Kelly.

TSA passenger checkpoint numbers fell from nearly 2.3 million on March 1 to just 90,000 by mid-April, amid pandemic lockdowns and public health concerns. Passenger travel has since recovered somewhat, but at its best has been no more than half of

Read More

A Week In East Kansas On A $149,300 Income

Pandemic micro-weddings are all the rage for couples who were planning to get married in 2020. If you recently had a micro-wedding or are having one in the near future, we want to know how much you spent on it and how it affected your budget for a future big wedding celebration. Tell us all about it here.

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.

Today: a database developer who makes $149,300 per year and spends some of her money this week on paintbrushes.

Occupation: Database Developer
Industry: Transportation
Age: 42
Location: East Kansas
Salary: $149,300 ($135,200 from job, $7,800 rental income, $6,300 child support)
Net Worth: $385,068 ($537,970 in assets minus $152,902 in debt)
Debt: $152,902 (mortgages on both my

Read More

Apple is launching its online store in India on September 23

Apple today announced that it’s launching its online store in India on Septemeber 23. The store will sell iPhone, iPad, and Macs in the country.

Apart from selling its products, the company will also provide support for its devices on call on the chat. The store will enable customers to trade-in their older iPhone and get an additional discount towards the new purchase.

Apple is also bringing its AppleCare+ device insurance program, which provides two years of technical support and accidental damage cover, to India. People will be able to chat will support executives in Hindi and English.

Customers in the country will be able to make payments through credit cards, debit cards, UPI (Unified Payments Interface), and card on delivery as well.

CEO Tim Cook tweeted about the store launch after promising to launch it earlier this year.

Read More

Global cases surpass 30M; Moderna targets November for candidate vaccine; 790K more Americans file for unemployment

The worldwide total of known COVID-19 cases surpassed 30 million on Thursday and global fatalities crept closer to one million, both signs of the virus’ continuing global impact.

The World Health Organization said cases are surging again in Europe, with more than half of European countries seeing a 10% or greater spike in cases in the past two weeks. COVID-19 is also disproportionately affecting healthcare workers, according to WHO data. 

Health workers make up 2-3% of the global population but account for about 14% of reported COVID-19 cases. “Thousands of health workers infected with COVID-19 have lost their lives worldwide,” the organization said.

Meanwhile, progress toward a vaccine continued Thursday: Moderna said it was moving up its trial results timeline. The company said it could have enough clinical trial results for its candidate vaccine as soon as November.

That news followed cautions from Robert Redfield, director of the U.S. Centers

Read More