User Research, Champagne, and Hope for 2021
Helping our users level up their financial health is at the heart of everything we do. And celebrating their achievements has gotta be our favourite part 🥂
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Over the last several weeks, many of us were on edge – from wondering when and if we get access to relief funds to whether we’ll even have a job. Now that the U.S. government has rolled out the process and we’ve received more clarity on who qualifies for a stimulus check (and who doesn’t), some of us can breathe a sigh of relief.
So Who’s Eligible for a Stimulus Check?
As an individual, you are eligible for up to $1,200 if:
Married couples are eligible for up to $2,400 if:
An additional $500 is added to the check for each child you have that is 16 years old and younger
If you’ve filed 2018 or 2019 taxes already, you will automatically receive the payment – no need to do anything! Just make sure your bank information on file is correct!
Who Isn’t Eligible for a Stimulus Check?
Unfortunately, there is a group that has been left out – students 17 years and older that have been listed as dependents on their parents’ tax returns. For obvious reasons, parents list their adult children as dependents to receive tax credits that reduce their income taxes paid.
Regardless, I imagine many of us have reflected on the importance of having an emergency fund or have now made it a priority to establish one. No doubt will COVID-19 affect the way people think about money.
In the meantime, what are some of the things you can do to better your financial situation during this COVID-19 crisis?
The big box stores and restaurant chains that can afford to close temporarily or are sitting on a mountain of cash are going to survive. It’s the local stores and family restaurants that will suffer. I’ve committed to supporting local businesses once things start to normalize, and I hope you do too.
Remember, whether you own a business, hustle gig contracts, or work for a big bank, we’re all in this together. Stay safe. Stay home. Don’t be that bratty kid in class that holds back the entire classroom!
Your Sassy Investor
Michelle Hung
For more personal finance and investment stuff, follow Michelle on Instagram @thesassyinvestor or visit her at www.thesassyinvestor.ca
Helping our users level up their financial health is at the heart of everything we do. And celebrating their achievements has gotta be our favourite part 🥂
You know what sucks? When you really want to buy that new jacket but your bank balance tells you it’s a bad idea. You know what sucks even more? When rent is around the corner and you’re not sure if your bank balance is even going to cut it this time around. Wouldn’t it be nice if there was just like, infinite money in there? We’d have to rework the whole capitalist society thing and our big unfortunately misplaced sense of purpose, but it’d probably be great in the end. The point is, life is better when you’re not worried about your bank balance. But how do you get your sh*t together enough to literally not have to think about it? With Cleo. Here’s how to keep your bills in check and maybe even manage a treat-yourself budget too. Tips incoming.
You didn’t hear it from me, but Cleo Engineers aren’t perfect. We have bugs. We have quite a few of them. Our relentless focus at Cleo is to make it as simple and joyful as possible for our users to level up their relationship with money.