Mortgage rates remain historically low, and refinancing your existing home loan could reap big savings. Refinance your mortgage (if you've got one) and slash your payments. And while you’re at it, comparing rates on homeowners insurance could save you hundreds of dollars a year. If yours won’t offer savings, shop around for a better deal. Car insurance companies have been doling out discounts for drivers who have been using their cars less because of COVID. Have you been leaning hard on your credit cards through the pandemic, and piling up interest? Make your debt more manageable - and pay it off more quickly - by folding your balances into a lower-interest debt consolidation loan. If you’re anxiously waiting for your third stimulus check - or it's already gone - and you're worrying about how you'll get by later in the year, you have some options to find more cash.Ĭut costly interest charges. What if you think you'll need more relief? It's not clear whether the White House plans to play its remaining wild card for the new infrastructure bill, or whether the president would be open to the idea of rolling a fourth stimulus check - and maybe more - into the package. Typically, bills need a 60-vote supermajority to make it through the Senate, because of the "filibuster rule."īiden and the Democrats can use the streamlined, go-it-alone approach just one more time in 2020, and they'd have to wait until the next fiscal year starts on Oct. The $1.9 trillion COVID rescue package President Biden signed March 11 was approved using an arcane budget process that allowed the Democrats who control Congress to pass the legislation with simple majorities. They demanded changes for the third round, to "target" the stimulus checks toward the neediest Americans. Republicans opposed the third checks as expensive and unnecessary, and moderate Democrats may feel that way about any further payments. Bureau of Labor Statistics study based on how last year's first, $1,200 stimulus checks were spent.īut further checks would have no shortage of detractors. Many Americans have used their aid money for groceries, rent and other basic needs, according to a U.S. "To truly build back better, families need stability and certainty through ongoing relief," the lawmakers write. In their letter, 56 House members say the latest, $1,400 stimulus checks aren't enough to help Americans who are still having difficulty paying for basic necessities. "Recurring direct payments have wide support from both the general public and economic experts," the senators write. The senators say recurring checks should be part of the president's infrastructure plan to help the economy with new spending, including on roads and bridges. Neither pitch gives a dollar amount, though several of the lawmakers have spoken in favor of $2,000 payments. representatives and 21 members of the Senate have signed letters urging the Biden administration to back regular stimulus checks for as long as the coronavirus crisis endures.
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