Today is Monday, April 13 and we have a few articles to keep you entertained on this dreary, rainy day (at least here in MD). We are reading that the market is down today after a historic week last week, those with dependents under age 17 should be filing for their stimulus checks immediately, Amazon is looking to hire 75,000 new workers as demand rises due to coronavirus, and others relating to debit cards and tackling financial to-dos while at home.
Stocks fell on Monday, giving back some of the sharp gains from the previous week, as investors continued to weigh the coronavirus outlook along with a historic oil production cut.
A new government tool to file for coronavirus stimulus checks is here, and that’s good news for some Social Security recipients. The government is urging certain individuals to apply using that tool now to make sure they receive timely payments and the full amounts for which they are eligible.
When it comes to comparing credit cards to debit cards, know that the two are entirely different. When you use your debit card, your money is withdrawn directly from your checking account. But since debit cards are not a form of credit, your debit card activity does not get reported to the credit bureaus, and it will never show up on your credit report or influence your score in any way.
If you’re housebound due to a stay at home order, this could be a good opportunity to start tackling some of the financial tasks you’ve been putting off.