Announcements

This week’s Community Announcements 3.27.20

Maryann
Hi everyone, I hope you all had a chance to ask Dear Penny a question this week. If you didn’t know, we’ve had Robin Hartill, the voice behind the personal finance column Dear Penny and The Penny Hoarder’s Sr. Editor, join us in the community this week to answer all your money questions as related to COVID-19. There have been so many fantastic questions, and Robin will be available through today to answer your most pressing questions. If you haven’t already, drop by the thread and leave a...Read More...
Hi i stop stressing because i know it doesnt help. Im concerned. I have alot of faith. And hope. I know this will soon pass. Peace we have finally. Sad way to get people to help and love one another. But its working. Im strapped too. I get ssi not much. But blessed on wht i get. Im 66.Read More...
Yes stressing like everyone. However I do have faith. But I have had a struggle with my finances for quite sometime now. It's my fault. I bet I'm the oldest of you. But I'm ready to get myself back to where I need to be.Read More...
Last Reply By Lucinda M Denton · First Unread Post

Community Buzz

unemployment - gig worker

I need guidance on filing unemployment as a gig worker. Never an option before but supposedly gig workers can file under the new Corona Virus Financial Relief Package and walking dogs is my full time job. I went to my State's unemployment filing link and there's no information but I went ahead and filed. It's obvious the site hadn't been updated, there was no reference to gig or part time workers. I did the best I could with the way it was structured but it's not right. Can you guide me? Is...Read More...
Thanks for that information! I didn't see anything on the home page of the VA Unemployment but now I know where to look!!Read More...
Yeah, I feel your frustrations. There were mandates put into place for each state's unemployment bureau to put into motion because of the coronavirus to allow contract gig workers to apply for unemployment. Each state should have a special COVID19 website/newsletter which covers unemployment information. I had to find it for my daughter who lives in Florida because it has differences in details. I suggest Googling COVID19/unemployment benefits/your state to get a better link. Also, if you...Read More...
Last Reply By Carolinagrl · First Unread Post

Stock strategies

Lily
I have a pension that is invested in the stock market, so hopefully those managers know what they are doing. I decided to play around with a little money buying stocks since they are so inexpensive right now. And I do mean “little.” I have no idea what I am doing, but I joined Fidelity, have been reading stock market research, learned on uTube how to buy. I bought one share of Appian and two of Zoom. So with the Zoom I would have to wait until the stock goes public and splits to be able to...Read More...
Good afternoon @Lily ! Both Appian and Zoom are publicly traded, so you don't have to wait to cash out. However, it's usually best to think long term when you're investing. For most of us, the taxes and fees eat up returns from frequent trading, plus you usually make the real money from letting your money grow over a long horizon and holding on even when the market takes a dip. One thing to keep in mind is that the taxes are lower when you hold onto an investment for at least a year. When...Read More...
Last Reply By Dear Penny · First Unread Post

Help - overwhelmed by bills

Cathy Woodward
Well I don't know what to say. This is my first time. I just don't know what to do my rent is coming up and I just don't know how I can do it. I live on my own I have a one bedroom apartment. But it's 675.00 a month and I have my phone bill lost my car insurance so I drive without car insurance. I had car insurance but I would pay one week I have paid 97.00. and turned around there's a nothing bill 114.00 and then after that I got another bill 102.00. this was all in one month.they was just...Read More...
Hi Cathy, We've hit "rock bottom" at one time or another. This is an extra hard time with the coronavirus going on, but I believe there are people out there that still want to help. I will list several ideas. If one doesn't work, please consider the next. I pray you'll find help and direction as you need it. Sincerely, Jenny Waldensi 1. Start with those closest to you. Family, friends, associates from work, ministers, etc. People you can trust with your embarrassing situation, and will...Read More...
Please advise what to do now.Read More...
Last Reply By Jenny Waldensi · First Unread Post

Stimulus check

Amanda A Pabon
My boyfriend hasn't filed a tax return in decades and I am an independent contractor since 2017 I haven't filed, but I have 3 years of 1099s I'm filing asap. We have a child and he is a stay at home dad, I'm head of household. I'm not working due to covid 19 (I groom dogs as an independent contractor and he informally assists me). I need the $ for him to cover his living expenses, but we arent married. Can I claim him as a dependent? I pay his credit cards from my bank account. If not, HOW...Read More...

Printing an article

Forum: FAQ
I liked the article on how to effectively store fruits and vegetables. I wanted to print the list and share the advice without all the pictures and ads.Read More...

relief bill clarification

Hello P.H. Please clarify this relief bill that recently passed in the area of what to expect if you are laid off and what you will receive. I keep hearing some hourly rate in excess of 23+ an hour that people in Congress or will they pay you the rate you are receiving from your job. Will this amount be in the unemployment our hospital has told us to file with here in Ohio. Any clarification will be greatly appreciated as we are trying to make some kind of budget for living expenses and...Read More...
Hey @Corey . Here is my best guess on where that $23+ is coming from: When the Senate was debating the relief bill, South Carolina Sen. Lindsey Graham was one of four Senators who objected to some of the changes to unemployment. He said that in South Carolina, the unemployment benefit would be the equivalent of $23.15 an hour for someone who works a 40-hour work week. Here's how the math breaks down: $23.15 x 40 = $926 $600 federal unemployment benefit + $326 max unemployment benefit in SC =...Read More...
Last Reply By Dear Penny · First Unread Post
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