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Financial Literacy At Your Fingertips…

In the midst of a global coronavirus pandemic, many small businesses are under extreme pressure, forced to adopt new daily practices to keep customers and employees safe, or shuttered completely to control the spread of the virus. The Coronavirus Aid, Relief, and Economic Security Act details unemployment benefits, individual stimulus check amounts, retirement account withdrawals, and loans and relief for small-business owners and the self-employed, including “gig workers.” Small businesses and self-employed workers have four primary
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Americans everywhere are concerned about the coronavirus and COVID-19, the respiratory disease it causes. But COVID-19 has demonstrated that it’s particularly serious for older adults whose immune systems naturally weaken as they age — and especially for those with chronic medical conditions, according to Dr. Samir K. Sinha, a member of the American Red Cross Scientific Advisory Council. In fact, 8 out of 10 deaths reported in the U.S. related to COVID-19 have been in
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Congress is working out the details of help for most Americans in the form of payments likely to come within the next few weeks. But the Federal Trade Commission is concerned you’ll hear from a scammer before you get a check. Scammers, too, are working from home during the coronavirus crisis, it seems, “and they will take any opportunity to take advantage of people — even a pandemic,” says Adam Garber, director of the consumer
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Coronavirus. It’s all over the news. It’s trending on Twitter. It’s on your TV. And it’s dominating the push alerts on your phone. Coronavirus disease 2019 (abbreviated COVID-19) is a respiratory illness caused by a novel coronavirus that was first identified in Wuhan, China. Cases have now been detected in at least 50 locations internationally, according to the Centers for Disease Control and Prevention. That includes the United States. With words like quarantine, outbreak and
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A task without a deadline is just wishful thinking. Sometimes, you can get away with procrastinating. If you never get around to alphabetizing your spices, no one’s life will change. But putting off some tasks could have a huge impact on loved ones. The close of the year is a good time to set some firm deadlines to make sure you won’t leave a financial mess for people you love if you unexpectedly die or
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Most parents in the U.S. provide some sort of financial support to their adult children, multiple surveys have found. But often, financial aid goes the other way. A 2015 survey by TD Ameritrade found 13% of American adults provided financial support to a parent. Millennials were far more likely than older generations to report they were helping their folks. Of people born between 1981 and 1996, 19% helped support their parents, compared with 13% of
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Timing is everything when it comes to saving for the holidays. The longer you have to build up cash reserves, plan your budget and buy gifts at the right price, the better you can cover these seasonal costs without going into debt. Avoiding debt around the holidays can save you from a spending hangover in the new year: Shoppers who used credit cards to fund the holidays in 2018 anticipated it would take them over
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Pay a credit card a month late, and you can count on it hurting your credit score. But there are some murkier areas you may wonder about: What happens if I marry someone whose credit is a lot worse than mine? Could my library fine from five years ago keep me from getting approved for a car loan? Does getting turned down for credit hurt my score? We asked experts at the two biggest credit
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Those ubiquitous checklists of “dorm room essentials” for college freshmen are filled with items that will be ditched by the end of first semester. Some parents “go to the store and grab a list like they did when their kids were in elementary and high school and just go straight down the list,” says Lisa Heffernan, mother of three sons and a college-shopping veteran. Or they buy things they only wish their students will use
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It might seem like you’ve been saving for back to school since you packed your children’s backpacks last fall. But after replacing worn-out erasers, outgrown clothes and an outdated laptop, you may still feel the financial pinch. And then there are items for which you didn’t budget. Maybe it’s a budding interest in a travel sport, a fundraiser, or birthday cupcakes. “Parents think they’re going to get a bonus because day care is gone,” says
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