Quick Financial Sense

Under the CARES (Coronoavirus Aid, Relief and Economic Security) Act stimulus checks have started being deposited into consumers accounts. Under the package, eligible adults can receive a 𝐭𝐚𝐱 𝐚𝐝𝐯𝐚𝐧𝐜𝐞 up to $1200 and $500/child.

If you're in the more fortunate position to be able to save any of the income, consider opening a savings account or contributing to a savings account for your child(ren)! Some of the higher interest bearing accounts are online savings accounts that you can set up and make the transfers right from home. A CD and 529 are other options as well.