COVID-19 CHEAT SHEET

Sponsored by Snowball Wealth 

Resources for your finances in uncertain times.

💸 Money Related Changes

🎓Student Loans (note these changes only apply to federal loans)

  • 0% interest for 6 months, happens automatically

  • Payments suspended for 6 months, happens automatically

  • The 6 mo of suspended payments count towards loan forgiveness programs

  • Employers will receive a tax break when they contribute to their employees’ student loans

💵$1,200 Direct Checks

  • One time payment of $1,200 if you make less than $75,000 ($150,000 salary and $2,400 check if married). You'll receive an additional $500 per child under 17

  • Not subject to income tax

  • Based on 2019 federal tax returns, if already filed, and otherwise on 2018 returns

  • Will be sent through a direct deposit

  

🏢Unemployment

  • $600/week federal increase on top of existing state benefits for up to 4 months

  • Freelancers and contractors can now use the benefit

🏛Taxes

  • Deadline extended to July 15th for individuals and corporations

  • Those taxpayers who may have tax refunds can still file now to get their refund check

💳Credit Scores

  • No negative marks for 120 days

Go a level deeper

🎓

Student Debt

Learn the latest changes to student debt interest and payments and how it affects you.

💵

Stimulus Check

A check might be coming in the next few weeks. What you need to know.

🏛

Taxes

The tax deadline is coming up.  What should you do if you can't file your taxes in time?

🏢

Unemployment

Learn what you should do if you lose your job or get sick on the job.

Read up more

Besides the latest changes from the government, the corona virus is affecting other parts of our financial lives.  Read up more on how you can be better prepared.

Sanitizing Products

Budget Template

How will my budget change and where can I save money.

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Investing

How Do Investors Prepare For A Downturn?

emergency-fund.jpg

Emergency Fund

What to do with an emergency fund and other financial foundations.

 

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About the COVID-19 Cheat Sheet

Hi there. We know a lot of you have been feeling overwhelmed by the coronavirus and what that means for your health, your wealth, and your friends & family.  

We put together this resource of the latest information affecting your finances to better navigate this uncertainty.  This is brought to you by the team at Snowball Wealth

 

Whether you need help navigating your student debt or recently lost your job, we want to let you know that you are not alone.  We plan to update this resource regularly.

We will get through this together.

 

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