We decided to keep $10,000 in savings as we started our pay-off journey. This way, we could handle most financial surprises without digging ourselves deeper into debt.
Thankfully, we were spending much less than we earned to pay down her student loans. This meant we only had to put the aggressive debt pay-off on hold and we could still cover our other expenses. However, this opened our eyes to how fragile finances can be if one of us lost our job. We didn't want to put our future finances at risk. The decision to focus on building our emergency fund was easier because we knew it would only take a few more months of sacrifice to put ourselves in a strong financial position.Due to our decision to fill our emergency fund, we didn't immediately get the new furniture or home upgrades we wanted.
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Pelosi signals support for massive new payroll subsidies as small-business loan fund nears expirationThe speaker stressed that Congress should be for “expanding support beyond PPP to provide more resources” to the tens of millions of small businesses impacted by the COVID-19 epidemic, signalling support for a sweeping Paycheck Guarantee Act that would reimburse employers of all types and sizes for payroll and benefit costs. Can’t believe people still vote for that idiot It's not about the lack of loans it's about the lack of demand and just because you give a loan out it's not going to do anything to demand so bottom line businesses are screwed You need wear a face mask, not a neck mask! 🤭
Source: MarketWatch - 🏆 3. / 97 Read more »
Tax Deductions Tied to Forgiven Small Business Loans Draw SupportBipartisan momentum is building in Congress to let small businesses get tax-free loan forgiveness while also deducting their expenses, a move that would provide clarity and unusually generous tax benefits. Awesome Plz make it less than 800 pages this time. Thx Two years after the trip, Clinton signed into law a bill granting China permanent normal trade relations (PNTR) with the US, effectively backing Beijing’s bid to join the World Trade Organization, which became a reality on December 11, 2001.The dawn of U.S. moving off shore.
Source: WSJ - 🏆 98. / 63 Read more »