Latest Buzz

Support Local Businesses During This Tough Time

Moore Income
Hey all! It's been a while since I have written a post but I wanted to check back in. There is a lot of stuff going on in the world right now and I want to start off by saying first of all, be safe! Things are difficult for a lot of people financially, however, with the stimulus package coming our way, I wanted to take a moment to encourage people to support their local small businesses. The whole point of a stimulus check is to put more money into the economy, and while I don't think it is...Read More...
Thanks for posting this! This has been my focus lately. I have been fortunate through this to have just started a new job in February, which allows me to work remotely from my home. I am also fortunate that the company I work for is doing better as a result of this situation so because my position is stable, I would like to support those with less stable positions, especially local and home businesses. I have been highly encouraging my friends and family to do the same. From basic grocery...Read More...
Don't forget those mom & pop grocery stores. No reason for us to drive 10 miles into town for milk & bread if we run out as there is a local store less than 2 miles from us.Read More...
Last Reply By FreebiePharm · First Unread Post

What will you do with your stimulus check?

Hey, So, I'm curious--now that Congress has got off their butts and passed a relief bill, what are your plans with your check? I have been working to pay off credit card debt, so hopefully the check will give me a little extra to throw at it. That said, it is tempting to buy $600 worth of video games or pad Thai, LOL. I'm currently laid off from my jobs at a restaurant and a hotel, but have SSDI coming in, thank God. I also have a check from a client who owes me big in the mail. And I just...Read More...
Recent news states the stimulus check will be available to those who qualify no later than April 6th. I am still debating what to do with mine. I may pay off half my credit cards with half of it and use the other half of it for savings as these are unpredictable times.Read More...
The bill just passed the House, so the stimulus checks are one step closer to reality!Read More...
Last Reply By FreebiePharm · First Unread Post
I’m unemployed, because of the corovirus, I wanted to start selling things? Online Mercari said if I start selling they will give me $ , I don’t know how to start or have a paypal account or nothing? Need advice? Motivation?Read More...
Hi! I us tried out Mercari this week! It's convenient because they give you a prepaid Fedex label and you just drop it off. Very easy platform and they do most of the work. With the cost of shipping and a moderate fee, you probably don't earn as much of a profit as you would on another platform such as Ebay but the time to list and the work involved is only a couple minutes for Mercari. Worth trying out!Read More...
I don't know anything about Mercari, but maybe some community members will have some advice. Here's some insight on selling items online from our side gigs and careers writer Adam Hardy that I posted in a previous thread. "Amazon is pretty much out for third-party sellers who don't have essential goods. I would also recommend holding off on selling clothes because of germs. Decluttr, a tech marketplace, actually shut down temporarily amid COVID-19. But OfferUp is still humming. They accept...Read More...
Last Reply By FreebiePharm · First Unread Post

Positive outcomes of the crisis?

mintjulep
There will be some positives that come from this crisis, can you foresee some of them?Read More...
The positive is the adaptability and use of resources. When faced with difficult times, people learn to use less and spend wisely. A lesson in preparation and not to take things for granted.Read More...
I'm amazed at the ingenuity I see, especially from those who are facing a huge struggle. The restaurants that seemingly overnight went to carry out because of social distancing, the school teachers, in a matter of days, learning to do online teaching and getting the necessary equipment out to their students who did not possess it, my own bank set aside an appointment time for me for something important and we conducted it at the drive thru window very successfully. Every day I see something...Read More...
Last Reply By FreebiePharm · First Unread Post

Stimulus check

M Naeger
Is the stimulus check taxed upfront or in arrears? Thanks.Read More...
@Shannon H Thanks for pointing that out! The $1,200 stimulus check is what is NOT taxable. Unemployment benefits are taxed as ordinary income.Read More...
If you collect unemployment and receive the additional $600 weekly, that is taxable. If you collect for the full 4 months, the approximately $10,000 will put you into a higher tax bracket next year come tax season.Read More...
Last Reply By Dear Penny · First Unread Post
Apparently the 2 trillion dollar financial stimulus bill provides for an additional (federal) payment of $600 a week. What is the process for receiving this additional amount? Will it be automatic? or is there something we need to do to receive it? I'm retired on SSDI and my spouse was furloughed from his job.Read More...
@Valerie R Walsh My thoughts are with you right now, and I hope that your husband's furlough will be short-lived. So my understanding is that the $600 extra per week will be automatic. If your husband has already started collecting unemployment benefits, it will automatically be applied at some point. If your husband hasn't started getting benefits yet — and this is a huge problem because so many people haven't been able to get through to the unemployment office — the extra $600 will be...Read More...
Last Reply By Dear Penny · First Unread Post

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...

Coronavirus - options after getting laid off

Forum: Make Money
Hey all, Does anyone have ideas for a temporary / short term job or part time job for someone who works in hotel event operations and just got laid off? With everything closing down it seems like a virtual gig is the best option but wanted to throw it out there if anyone had ideas. Thanks!Read More...

Stimulus Check

Hi Penny, I'm hearing a lot about stimulus checks for families. As I understand it, if 2019 taxes haven't been filed, 2018 returns will be used. My 2019 taxes have not been completed. We had a new addition to our family since our 2018 tax return. How can I ensure our stimulus check includes our new baby, too? Thanks so much for providing answers to our questions!Read More...
Thanks so much On Friday, March 27, 2020, The Penny Hoarder Community < [email protected]> wrote:Read More...
Hi @Morriaw422 ! If your new baby was born in 2019 and you need the $500 you'll get for each child, you're going to want to file that 2019 return ASAP! Otherwise, they'll use your 2018 return and you'll have to wait until you file your 2020 taxes (in early 2021) to get the credit. The reason is confusing, but basically, this is a credit for your 2020 taxes, but the IRS has to base it on your 2018 or 2019 return since we're less than three months into 2020. If your baby was born in 2020, you...Read More...
Last Reply By Morriaw422 · First Unread Post

Financial Advisor?

Sasha Kay
Im totally overwhelmed with finances. I feel like Ill never get it. i know I can get free reports but im wondering if Im this overwhelmed should I find a financial advisor? or a family member or friend I trust & pay/ask them to help me? I have lots of paperwork & information from over the years I can hand over, im just in a big rutt & at a loss on where to even begin. . . - I appreciate the guided help - thanks so much. I hope you & your family are well. SashaRead More...
In my area in Central Florida the county Extension office offers one on one help with finances with a trained volunteer. Maybe there's something like that where you live?Read More...
Last Reply By lismox · First Unread Post
I have two kids in University, and under the current government rules, they are not eligible for any type of relief payment from the government. Who is going to hire students for the four months of the summer?! This is how my kids pay for their University, work hard in the summer save all their money and live very frugally during the school year so they don't have to work then. I don't want them to go into debt - any job suggestions? My daughter is training to be a toxicologist and my son an...Read More...
Thanks for the suggestions, I'll pass them along to my kids. JanisRead More...
Unfortunately, there aren't any easy solutions to this dilemma. @Theodora 's suggestion that your kids look into remote work is a good one. If they have vehicles, they could look into delivery work. For example, Instacart is hiring 300,000 workers nationwide as it faces increased demand for grocery delivery. https://www.thepennyhoarder.co...stacart-coronavirus/ And here's a list of companies that are hiring 700,000 workers in response to coronavirus:...Read More...
Last Reply By Janis Chipchase Milford · First Unread Post

Car loan payment

Saveza Landers
The last 2 months have been terrifying barely working 8 hours a week and I pay car title loan payment s but I can’t this month I don’t want to loose my car what should or can I do?Read More...
All I did was call and tell them I lost my self employed job temporarily due to the coronavirus and they happily helped me defer 3 payments. If you were employed by an employer, be prepared to provide documentation that your business was shut down.Read More...
Also @Michelle Lawson do you have any tips for having this conversation with the bank?Read More...
Last Reply By Michelle Lawson · First Unread Post

Looking For Cell Phone Plans

Forum: Save Money
FOTWW
I am currently looking for cell phone plans options. To begin with, I currently have a cell phone, (not a smart phone). I have it for while I am driving, for emergencies or if something comes up and I need to make a call. I am the type of person who does not like phones or texting and only have them for emergencies. The cell doesn't work at home, so the bare minimum landline is still needed. I currently have ATT Pay as You Go and it is $100/year, (10¢/minute). With my not using the phone...Read More...

Baking bread

Forum: Save Money
Colleen Sikosek
I'm in Hornell, NY in the Southern Tier. My husband and I are making our own bread as usual, which I think is pretty easy even if you don't have yeast. Google sourdough bread starter and you're on your way. We're fortunate that he's able to work remotely. I got onto the Wufoo site and sent a template to our local small business collaborative group so anyone can purchase a gift card on line. We live in a rural agricultural community and hope this will help.Read More...

Long term effects of Covid-19

Moore Income
What are some of the long term affects this virus could have on the economy?Read More...
Don't get me started on the snacking and eating in general . I think there will long-term effects that we can't accurately predict. Suffice it to say that lots will change. I think more people will get onboard with freelancing (I'm watching a Moonlighting webinar as I write this). Whatever debt payoff goals I had for 2020 have gone by the wayside. I'm just trying to hoard money and food, all while staying isolated. What I was happy to see that there was provision in the Stimulus package for...Read More...
Honestly, Jon, I cannot think about that right now. I'm doing my best to keep spending under control...not eat my way through isolation and stay in touch with family and friends via facetime and telephone. I know when I keep busy with little projects around the house, I'm not as prone to mindless eating and mind boggling boredom. Hope everyone is well and please everyone, do whatever you can to stay healthy. God bless you all.Read More...
Last Reply By sthom · First Unread Post

Need a daily list to de clutter and PRE pack!

Jobelle Collie
I’m looking at 60 days to purge what I don’t need, pack what’s going to the new house and tossing what needs to go. Does anyone have a link to a list of all these tasks, broken down into daily lists, one for each 60 days. This will give me a plan and keep me motivated. Thank you.Read More...
I keep a To-Do list every day. I am moving and make sure I pack five boxes daily. Eventually, I will need to do more. My boxes are being lined up in the garage, and it feels good to see my progress. It has been hard to sell things on Craigslist because of the virus.Read More...
Hi, I've moved numerous times, & this is what I like to do, hope it helps some! *Get Big Tupperwares or Plastic Boxes with Lids of ALL sizes & Label them. *1st start with 4 Big Boxes: 1.Keep 2.Donate/Sell 3.Throw 4.UNdecided *Now, at the start go to the 1st area/room & empty whatever it may be, a drawer a closet, a room, whatever, into the 4 boxes. I like to do from one corner of a room to the other corner & if I get stuck i take a break & come back to it. *At the end of...Read More...
Last Reply By MsKimberly · First Unread Post

$1,200 stimulus checks

Dear Penny
Good morning, Penny Hoarders! My apologies for not getting to many questions yesterday. I was sorting through the very long (880 pages!) bill to figure out what it means. Here's some info about the $1,200 stimulus checks that most of us will probably be getting soon. If you have more questions, fire away! Stay well, my friends. - Penny https://www.thepennyhoarder.com/taxes/coronavirus-stimulus-checks-faq/Read More...

Side income anyone can make

Elon Must Save
Hi PH team, Sort and sweet post A lot of people are looking for ways to make some side income, this is one simple way. It takes more time than anything which is good because most of the time people have extra time but no capital to start a business. This is a super low capital idea again just takes time. Make a helpful learning video! Now finished reading this because I know a lot of people might have already lost interest. I'm not talking about some 10-hour long course you need to record...Read More...
I've never created an online course but have taken many. As someone who has paid, these are likes and dislikes I personally have (likes and dislikes may be different and would love other input and opinions) 1. Don't drag the vid out unnecessarily. If I have to constantly fast forward because the instructor is showing me how to put paper in a notebook, for example, I'm going to lose interest quickly. Quality vs. quantity. 2. I love it when the course goes beyond my expectations.....like a...Read More...
Great idea for earning some extra income. And yes I agree, you shouldn't charge too much money but it is still okay to charge something because you put the time and effort into creating it. Unfortunately, there are a lot of people out there who create courses and then charge an arm and a leg but don't provide any real value. But if you can actually create something that will teach someone how to save a lot more than the material costs, then it becomes a worthy investment.Read More...
Last Reply By mintjulep · First Unread Post

online wills

I would like to compose an online simple will; since, the bank isn't notarizing a paper one that I filled out. I could re-vamp later after all the mayhem dissapates. What company do you suggest I use? Thanks, Julie HolderbaumRead More...
Julie- I know that we are both on this site to save money, but I would recommend you hire a local attorney to handle your will. I am a bankruptcy attorney and do not handle wills and estates. I have worked in that field before, and have seen real nightmares with Online Wills. Every state has different rules about authenticating wills and you need to make sure you comply with those laws. You also need to make sure you get a Power of Attorney. 9 times out of 10 the Power of Attorney is more...Read More...
Last Reply By TomCF · First Unread Post

Corona-Cash

Theodora
@Dear Penny Can you explain the details of the "Corona-Cash" relief package? Is there a provision for small businesses as well?Read More...
@Theodora So much in this bill! It still needs to go to a vote by the House, which will happen on Friday, and then to President Trump for signing. It's expected to pass easily. Here are the big points: - Singles who make less than $75,000 will get $1,200 and married people who make less than $150,000 combined will get $2,400, in addition to $500 per child under age 17 in the household. If your income is above these amounts, you get 5 cents less for every $1 above that — so you don't get...Read More...
Last Reply By Dear Penny · First Unread Post

A reminder NOT to spend.

Forum: Budgeting
Jobelle Collie
I use a debit card and paper checks. I have a huge goal to sell my current home and build/buy a new one before December, 2020. So I made a index card with what my debt kill amount is, how much I want to save for a larger downpayment to REMIND myself that i DO NOT need to buy anything but food and things I need to fix up the old house. Having that reminder (stuck one on my cell phone and one on my laptop) too avoid impulse buys! Wish me luck.Read More...

Time to buy stock?

Barbara Franklin
I have an 18 month CD that just matured this week. I moved the money into my savings account to have it sit there until I figure out what to do with it. A friend says I should buy stock while it is so cheap, but I have never done that and don't know where or how to start. Do you think this is wise advice?Read More...
I have been using the Stash Invest app for 3 years now and love it. You can buy microstocks for companies you love like Amazon and Netflix, or invest in mutual funds for causes you are interested like Solar Energy manufacturers.Read More...
Yes do it, Join Robinhood, it's a free-trading app that millions of people use. All trades are free as long as you trade less than $3000 per day. It's amazing. I am already up 18% this week from the bottom. Also, no one knows if it will go back up or down so be ready to hold for a long time. Buy and hold - look at Warren Buffett's 10 rules Stocks you would look at: these 5 are a little riskier Delta airlines Azaul airlines Carnival cruise Any restaurant stock is probably good Purple mattress...Read More...
Last Reply By LauraD · First Unread Post

BEING THRIFTY DOESN'T MEAN CHEAP STUFF

Forum: Save Money
lori wulff
I am always being THRIFTY no matter what. I look for a deal on anything that costs $$. Allot of people think shopping at thrift stores, clearance racks, and being at Walmart for instance is always getting cheap *** stuff. For example of my thrifty self 😀, I like name brand products. Toilet paper like Scotts 1000 sheet rolls is a great value and can be cheap on the wallet. Every 2 weeks or so CVS puts Scotts products on sale. You can get 12/ 1000 sheet rolls for $7.49 verses $15+. That's one...Read More...
My credit score is 780+ and, before the coronovirus pandemic hit, I was debating on starting a new credit card that has rewards attached, and 0% intro APR. My utilization % is very low, and I intend to keep it that way, I just wanted to build up money back rewards as we prepare for a newborn (due in June!). I know very little about a lot, but I'm wondering if anyone who is credit savvy could weigh-in and let me know if I should continue moving forward with my plans to open new credit, or if...Read More...
Thank you.Read More...
Hi Kate! I don't see any reason why you should wait out this pandemic to open a new credit card right now. In fact, I'd argue that the more credit you can have open the better in these uncertain times. The only word of caution I have is that if you don't pay the balance off in full each month after the 0% promotional period ends, the interest you'll pay will eat up the value of any rewards you earn and then some. Oh, and congrats on the upcoming new addition to your family! It's wonderful to...Read More...
Last Reply By Drt123 · First Unread Post

Refinancing

Lisa Brunelle Bowen
We were thinking of refinancing our mortgage and putting our equity loan into it as interest rates are low. Now with the current problems do you think it is still a wise move?Read More...
Usually refinancing is considered a smart move if you can lower your interest rate by about 1 or 2 percentage points. I don't see any reason why that changes in times of coronavirus. However, it may be difficult to refinance right now. People rushed to refinance en masse a few weeks back when the Fed lowered rates. Now, with so many banks and county recording offices either temporarily closed or operating remotely, many lenders are saying there's a pretty big backlog of applications. The...Read More...
Last Reply By Dear Penny · First Unread Post
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