It often involves a lengthy process, and when the demand for tests is at an all-time high like they were this past January, appointments can be extremely hard to get. In response to the high demand of COVID tests, the federal government has recently launched a website for free at-home COVID tests, giving people within the U.S. a more accessible testing option.

How much does it cost for a COVID-19 test?

In many cases, COVID testing is free. Many state and local health departments continue to offer free tests. In other cases, commercially-insured patients, or those on Medicare or Medicaid, may also receive testing without paying out-of-pocket costs.

Although a patient’s insurance will typically be processed in order to pay for COVID testing, consumers can still choose to pay for a test at an out-of-pocket price. The costs will most likely be determined by factors like where you live, whether or not you have insurance, the type of the test taken, and if you’ve received any additional services, such as a screening or a specimen collection.

In April of 2021, the Kaiser Family Foundation conducted an analysis of publicly posted pricing information on the websites of the two largest hospitals in each U.S. state, plus Washington D.C. In total, they were able to find 93 websites that had their COVID testing prices published online.

The costs between hospitals varied drastically, but nearly half of the tests were priced between $100 and $199, with a median price of $148. The highest price that Kaiser found was close to $1,500. That is well over what Medicare pays for a COVID test, so it’s important to be mindful of that. Also, some hospitals do not perform COVID tests unless you have been referred to them by a doctor.

How to get free COVID tests

There are a few different ways to find a location that offers free, on-site COVID tests. One option is to pick up the phone and call your healthcare provider or local public health department to find out where testing is available. Your local health department or official state website will have either a testing site locator directly on their site or a link leading you to more information.

Another option is to visit the U.S. Department of Health and Human Services website where you’ll be able to locate community-based sites that provide COVID testing to all individuals, regardless of their ability to pay.

The U.S. Department of Health and Human Services offers free COVID testing through their partnerships with select pharmacies as well. These partnerships protect healthcare personnel by mitigating risks associated with direct contact with symptomatic individuals.

Who can order a free at-home test?

Virtually anyone with an address can get four at-home COVID tests for free. The main two ways of receiving a free test are through reimbursement from your healthcare provider or by ordering one from the federal government.

Households

The federal government is distributing free at-home COVID tests that are shipped directly to your door by the USPS. The distribution program is based on a physical address, and the amount shipped to each address is currently not predicated on how many people actually live in the household. That means that there are only four tests per address, despite the number of people living in the household. 

Only residential households and P.O. boxes are acceptable addresses. This means that addresses registered to businesses and business P.O. boxes are excluded.

Insurance holders

For a COVID test with insurance, a great option is to visit your local pharmacy or health center. Many of these health centers offer a wide variety of different COVID tests developed by various laboratories.

Health insurers are required to cover up to eight free tests per individual on a health insurance plan, carriers can establish in-network pharmacies where the cost will be covered up front, and cap coverage at out-of-network retailers at $12 per test. 

Additionally, many at-home COVID tests qualify for reimbursement through Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), or Archer Medical Savings Accounts (Archer MSAs). In fact, even masks and hand sanitizers qualify as medical expenses, according to the IRS.

Find out from your insurer if it is providing direct coverage of over the counter COVID tests and well as finding out of network or preferred pharmacies or retailers at which to obtain free tests

Non insured

You can get free at-home tests regardless of your insurance status. If you don’t have insurance you can get free at-home tests through COVIDtests.gov, some community health care centers, and other local sites.

Many states are launching their own pilot programs as well. If you are looking for additional tests aside from what the federal government is currently offering, try contacting your state or local health department to see if your state is offering free at-home tests.

Where can I find a free at-home COVID test?

It is now easier than ever to find free at-home COVID tests, regardless of your insurance status.

COVIDtests.gov

You can now get 4 free at-home COVID tests per household through the federal government at COVIDtests.gov. Through COVIDtests.gov, a household is able to order four individual rapid antigen tests for free. Orders will be delivered by the USPS usually shipped within 7-12 days. In order to receive tracking information on the order, you must provide an email address when filling out the request form.

According to the White House, the federal government has also provided a phone number that is open between 8 AM and midnight in the Eastern Standard Time timezone. For those that need additional help finding free at-home tests, call 1 (800) 232-0233. It is the same number that the CDC established to help people find vaccines. 

The at-home rapid antigen tests can be taken anywhere. They give results in less than 30 minutes, work whether or not you are experiencing COVID symptoms, and whether or not you have received the vaccine and any further booster shots. 

You will not be able to choose the brand of COVID tests that you receive, although the website states that all tests will be FDA approved. There is no information as of yet, on the website or the FAQ, about whether or not the tests will be accepted for travel.

Keep in mind that the government-issued COVID test is a rapid antigen test, so those looking for an at-home PCR test will need to look at other options.

Stores or pharmacies

Most people can also go to a pharmacy or store to purchase an at-home over-the-counter test at no cost, through reimbursement, or free of charge through their insurance. There are a few advantages of ordering a COVID test at a store or pharmacy. 

One advantage is that you are able to choose the brand and type of test that you want. Many carry both at-home PCR and rapid tests. Another positive is that many retailers and pharmacies also have an online platform for purchasing these COVID tests. Some even offer free shipping.

Select insurance plans cover up to eight COVID tests per month. If you buy an at-home COVID test from a store, pharmacy, or online retailer, keep your receipt and submit a claim to your insurance company. 

Multiple options for free at-home COVID tests 

The federal government has made it much easier for anyone, including those without insurance, to get free at-home testing kits. Pharmacies, stores, and third-party retailers are all also contributing by providing many different options for consumers as well as providing both antigen and PCR COVID tests. 

The bottom line is that if you are in doubt, either call your state, local health department, pharmacy, or check with your healthcare provider to find COVID-19 tests near you.

FAQ

To control disease in a pandemic you need rapid and accurate testing. The PCR COVID test provides an accurate result but it is slow. Rapid COVID testing shows results in 15 to 20 minutes but it is not as accurate as the PCR COVID test. In this article, we examine the differences between the PCR and rapid tests and discuss which is the appropriate choice.

How do COVID tests work?

Both rapid COVID testing and PCR COVID tests require a nasal or throat swab. The tests themselves are, however, vastly different. 

Rapid antigen test

To do the rapid antigen test, the sample is mixed with a solution containing salt and soap. This releases a set of viral proteins. The solution is then placed on a strip of paper. The paper contains an antibody that will react in the presence of COVID proteins. 

Rapid COVID testing can return a result within 15 minutes and requires no laboratory intervention. These tests are, however, not as reliable as the PCR COVID test. The rapid test may return a negative result when the viral load of the tested person is low. Under certain circumstances, it can also produce a false positive.

PCR test

The PCR COVID test is the gold standard for testing. It is slow, however, and can take several hours to return a result. The test uses a polymerase chain reaction (PCR) to convert the virus’ RNA into DNA for identification. Laboratory technicians do the test using sophisticated scientific equipment in a laboratory. 

The PCR results are very accurate, so this is the test you need to show proof that you are COVID-19 negative. 

Antigen vs pcr test

A nasal or throat swab is required for both the rapid antigen and the PCR test. The PCR COVID test is the more accurate of the two tests. It does, however, take longer to get results because trained technicians must do the test in a laboratory. It takes between 24 and 72 hours to get the PCR results. 

Rapid COVID testing is not as sensitive as the PCR test and can give a false result. The advantage of the rapid test is that you will have the results within 15 minutes. You need no special training to run the test or interpret the outcome. 

Which type of COVID test should I take?

The right test for you will depend on the reason for taking the test and the circumstances that led you to consider it. 

When to take a rapid antigen test

Rapid antigen tests have been successfully used to prevent cross contamination in communal living environments and workplaces. It is also used by people who have tested positive for COVID-19 and want to know whether they are still infectious. 

When to take a pcr test

You should take a PCR test under the following circumstances;

• Within three days of showing symptoms of COVID-19
• If you know or suspect that you may have been exposed to COVID-19 
• A PCR test is a requirement for international travelers who must show a negative result within 72 hours of departure.

What does a false positive or false negative mean?

The PCR COVID test is both specific and sensitive. This means that if you don’t have COVID-19, there is a high probability that it will return a negative test. If you have COVID-19, it is also highly likely that the PCR test will pick it up. Still, the test can return false results.

If the viral load is low, the test may present a false negative. This is most likely at the early and late stages of infection. Laboratory errors, like cross-contamination, is the most likely cause of false positive results.

The rapid antigen test is most likely to return a false positive test as it sometimes picks up antibodies from other corona viruses. There is also a high risk that the test could produce a false negative because the test relies on a higher density of virus in the sample that a PCR does. 

A study done in August 2021 showed that rapid COVID testing performed at home returned a correct negative 97.1% of the time. It correctly identified positive results in 78.9% of cases. 

What if I have symptoms but get a negative rapid test result?

If you have COVID-19 symptoms and you receive a negative result from the rapid antigen test, it may have received a false negative. Take a PCR test to confirm the result. This is especially important if you have been exposed to the virus. 

Rapid vs PCR which should you take?

Both rapid antigen and PCR tests play an important role in controlling the spread of COVID-19. Rapid COVID testing is quick and easy. It is useful for testing and controlling COVID-19 in communal environments and in the workplace. It is, however, not as accurate as the PCR test and the results are not accepted for travel purposes. In the case of a doubtful rapid antigen result you may have to confirm the outcome with a PCR COVID test.

FAQs

With high unemployment rates, frequent layoffs, and businesses that were closing nearly every single day, the United States realized they needed to react. The federal government did something unprecedented by issuing $1,200 stimulus checks to millions of Americans in April 2020. 

Let’s take a look at the effect this had on the economy. We’ll also look into whether or not we should expect another stimulus check.

What was the federal government’s reasoning? 

Before addressing the impact that the $1,200 stimulus check had on the economy, let’s first visit why the government chose to react in this fashion. 

The first stimulus check was issued in April of 2020, which was right at the start of the strict COVID-19 lockdowns. In April of 2020, the United States saw an unemployment rate of 14.8% which was the highest unemployment rate the U.S. has seen in a long time. The United States needed to address both the health risks that COVID-19 posed and the economic risks that were unfolding as a result of the pandemic.  

The United States believed a stimulus check for qualifying taxpayers would offer two main benefits: 

• Provide a financial cushion for those who have lost their jobs
• Provide an incentive for people to spend money, which would stimulate the economy

The added benefit of this would be fewer businesses would need to close, so fewer people would be laid off. 

Did the $1,200 check help? 

The $1,200 stimulus check had a big impact on the economy. Despite rising COVID-19 cases, the unemployment rate in the United States started to decline as well. In May of 2020, the U.S. unemployment rate was 13.3%, down from its high of 14.8% in April. In June of 2020, that figure continued to decline, ultimately reaching 11.1% at its lowest. 

The additional money that Americans had was being put to use. The increase in consumer demand created the need to keep people employed in plenty of industries and allowed businesses to survive. There is without question, the $1,200 stimulus check immediately stimulated the economy, but it wasn’t the only driving force. 

Interest rates were slashed 

In addition to the stimulus check the United States government slashed the interest rates on loans. This was another driving force to keep the economy up and running during unprecedented times. 

Lowering the interest rate means it’s cheaper for a consumer to borrow money. This further led to an increase in consumer demand, which led to numerous industries seeing a dramatic increase in their volume of orders. Some of the industries that saw the highest surge in volume included the automobile industry, the housing market, and the furniture industry. 

The automobile industry 

With the money from the stimulus check and reduced interest rates, more and more people started purchasing new and pre-owned vehicles. Not only did this industry see a boom because of the reaction from the Federal Government, but people were less willing to take public transportation due to the health risks that it presented. In turn, many found themselves in need of a car. 

The housing market 

The housing market also saw a massive surge as a result of the pandemic. More and more people were leaving heavily-populated cities in search of the suburbs. This resulted in housing prices skyrocketing as a result of the basic economic principle, which is supply and demand. In addition to the fire that was already started due to people flocking from cities, the lower interest rates on mortgages only further incentivized people to purchase a home. 

The furniture industry 

Free money from the stimulus check, low-interest rates, and a new home is a great recipe for the furniture industry to see an uptick in demand. Big box furniture stores had a tough time when it came to keeping furniture in the showroom, considering the demand they saw shortly following the initial stimulus check. 

Potential side effects of the stimulus check

Despite the tremendous benefits the stimulus check had on the United States economy in 2020, many are questioning if there are lingering side effects. After all, this was essentially free money that the government provided, but as the saying goes, there’s no such thing as a free lunch. 

In the months that followed the various stimulus checks, we’ve seen inflation grow at a rapid rate. According to the CPI, some expenses were raised by more than 30% year over year (YOY).

Correlation does not mean causation. However, there are many reasons why someone might believe that the stimulus check payments played a role in the seemingly subsequent increase in consumer prices. However, there is more to it than what meets the eye initially. 

Behind the scenes, supply chains were crippled. This made importing or exporting products significantly more challenging, and those challenges brought additional expenses. Combining severe supply chain disruptions with the stimulus check were two driving factors to the increased prices the consumer base has seen. 

Should we expect a stimulus check in 2022? 

If you’ve been following the news, you’ve likely heard talks about a 4th stimulus check being issued, or a stimulus check for 2022. As of right now, there is no guarantee that a stimulus check in 2022 will happen. 

However, there are many reasons why this may make sense. The new COVID-19 variant, Omicron, is spreading rapidly. According to Johns Hopkins, the country is experiencing an infection rate of 20% and more.  
If history repeats itself, this is what we saw in April of 2020, and shortly following this staggering statistic came the first stimulus check. There are many politicians who are encouraging another round of stimulus checks.

What is PPE?

PPE stands for personal protective equipment. People wear this equipment at jobs with a higher chance of injury or infection. The most mainstream personal protective equipment is the face mask. 

Nurses wore face masks to protect themselves from particles and germs long before the pandemic. Face masks don’t guarantee protection, but they reduce the chances of a nurse contracting an infection while serving a patient.

Nurses are far from the only profession that requires PPE. Construction workers need PPE such as a hard helmet, goggles, and other equipment. Without this necessary equipment, construction workers can suffer long-term, life-altering injuries at their jobs.

Are employers required to provide PPE?

In general, employers must provide their employees with proper PPE. This OSHA handout explains the OSHA requirement that prevents expenses from falling onto the employees. Not every employee can afford PPE expenses, which in turn would put their safety at risk. 

Employers must monitor PPE and replace worn or damaged materials. Employees can notify their employers about PPE maintenance and advise on necessary updates. A team effort leads to high-quality personal protective equipment for all employees.

Which PPE costs fall on employees?

While employers cover the bulk of PPE expenses, some exceptions exist. Some people can stretch the PPE rule to include any protective equipment. Employers do not have to cover personal style choices. Casual clothing and non-specialty equipment do not fall within an employer’s PPE responsibilities. Certain items such as hairnets and gloves worn by food workers also fall out of an employer’s obligations.

Who pays for damaged and stolen PPE?

Over time, PPE will get worn and damaged. Employers must replace this PPE to provide employees with optimal safety. Some employees will accidentally damage PPE. Employers must cover PPE expenses for human error. However, if employees intentionally damage or steal PPE equipment, an employer can have the guilty employee pay for the damaged or stolen PPE. An employer can deduct parts of an employee’s paycheck until the appropriate PPE costs get paid in full.

Some states require employers to notify employees in advance about paying for damages.  California and Illinois both require written consent from the employee before PPE costs can be deducted from their paychecks. Employers should check their state’s laws before asking employees to pay for intentionally damaged or stolen PPE.

How to determine which PPE Is necessary

Not all PPE is necessary for specific occupations. You won’t find a barber wearing a hard hat. Employers conduct hazard assessments to determine the required PPE for a given job. Hazard assessments identify potential hazards and their likelihood of inflicting injury to workers. Construction workers wear hard helmets, as an example, because debris can fall from a construction project and hit them in the head. 

OSHA standards

The Occupational Safety and Health Administration establishes standard PPE requirements for companies to follow. Employers operating in higher-risk industries should expect to invest in the following PPE:

• Eye and face protection
• Head protection
• Respiratory protection
• Hand protection
• Foot protection
• General requirements

OSHA has set PPE standards for various industries. These standards represent the minimum, but some employers provide additional PPE based on their findings from hazard assessments. OSHA has specific PPE requirements for construction, shipyards, and marine terminals.

PPE training

PPE training helps employees correctly utilize their protective equipment. Proper usage reduces mistakes and improves workplace safety. OSHA requires employers to train their workers to use and maintain personal protective equipment. 

Improper or nonexistent training lowers the impact of PPE investments. If employees do not adequately wear PPE, they expose themselves to unnecessary injuries and infections. Training also highlights the team effort required to maintain optimal PPE. 

Employees watch training sessions, wear PPE correctly, and maintain PPE. These efforts can extend the effectiveness of PPE materials, but employers should not cut corners. Worn out PPE should get replaced immediately.

A financial safety net to complement your PPE

PPE provides companies with a reliable safety net. Safer equipment reduces injuries and illnesses from the job. The proper use of PPE by all employees also protects a company’s finances.

Frequently Asked Questions

About two out of every three residents in California qualify for this new California Golden State Stimulus. Some Californians have already received their payments, but if you haven’t received an additional stimulus check yet, now is your opportunity to find out if you are eligible! 

How does the Golden State stimulus check work?

California $600 stimulus checks are one of the most extensive state-level stimulus programs. But how do they work? And do you have another stimulus check coming? 

Governor Newsom’s plan is to include both low- and middle-income families in his new stimulus program. So, there is a huge number of people who will receive the Golden State stimulus in California. 

In early September, many California residents saw stimulus money deposited into their accounts, but other people have yet to receive any money. So, what’s the deal with the $100 billion recovery plan? And who qualifies for the Golden State stimulus? Let’s find out! 

Who qualifies for the Golden State stimulus?

If you make between $30,000 and $75,000 per year, you can qualify for the California stimulus check. Your check would amount to $600, but households with at least one child will get an extra $500. This applies to immigrants who file taxes, even if they are in the country illegally. 

Keep in mind that this is the second round of stimulus payments being dispersed by the Golden State government. So, if you make less than $30,000 per year, the state of California should have already dispersed a $600 payment to you as well, which also included immigrants.

The California State government chose to expand the income level range in order to increase people’s eligibility. This is because middle-class households and individuals who make a certain amount of money didn’t get federal stimulus checks like everyone else. 

What’s the criteria for qualifying for the California stimulus?

There are specific criteria that determine who gets stimulus checks in CA. We’ve rounded up a list of the prerequisites that you must meet in order to qualify for the Golden State stimulus payment. 

• Your 2020 taxes are on file. 
• You make $75,000 or less per year. 
• You’re either a CalEITC recipient or an ITIN filer. 
• You were a resident of California for the majority of 2020.
• You are currently a California resident. 
• You cannot be claimed as a dependent. 

When am I getting the Golden State stimulus?

The Golden State stimulus checks are arriving in batches. Most California stimulus checks will be deposited into your account electronically. The payments are delivered twice per month, which is the same as every two weeks. The most recent payment was sent on September 17.  

So, check your account to see if your payment has been deposited. The next batch is expected to go out on October 5, and these bi-monthly dispersals will continue to take place through the end of the year. If you filed your taxes late or received a physical tax return rather than a direct deposit, you should expect your stimulus payment to be delayed. 

How much is the Golden State stimulus?

The dollar value of the Golden State stimulus payment will vary depending on your income level and your needs, but no matter what, it’ll be either $600 or $1,200. California has created a California stimulus check estimator, which you can use by clicking here. 

Where will I receive my Golden State stimulus check?

The state will likely send your Golden State stimulus check via direct deposit into your bank account. It will be deposited into the same account associated with your tax returns. If you don’t accept tax returns via direct deposits, you should receive a check in the mail within four weeks. 

Are you tired of waiting for things like your tax return or stimulus to get to you via snail mail? Sign up for a RoarMoney MoneyLion account today! This way, you can set up direct deposits for things like your paychecks, tax returns, and stimulus payments. MoneyLion comes with zero hidden fees, and you’ll have access to a full suite of financial tools as well. 

How should I use my stimulus check?

Make sure your money stretches by using your California stimulus check wisely. Invest in yourself, your business, or your career. This way, your money will go the extra mile. 

We’ve outlined a few ideas of how to use your stimulus check. But no matter what, the underlying theme is to put your money towards something that will help you make more money. 

Where can I find assistance if I don’t qualify for the Golden stimulus check?

Do you find yourself without a California stimulus check but you’re still in need of extra cash? There are ways to get money now if you need it! 

For instance, MoneyLion offers a full suite of financial tools to help you out. If you need money now, our Instacash program is the most ideal option. Instacash is a great program where you can get cash advances of up to $250, all without having to agree to hard credit checks. 

Any type of recurring payments that are deposited into your account can help you qualify for Instacash. This includes alimony, child support, and even unemployment benefits! You can also open a RoarMoney account and have the convenience of a banking app and a loan in one. 

MoneyLion can help you secure your financial future

Eventually, the California stimulus checks will come to an end. So, even if you qualify for stimulus checks and you have received them, they do not guarantee that you’ll have a sound financial future. 

But at MoneyLion, we want to see you roar into your future. Our Credit Builder Plus program can help you work towards a solid financial future and an impressive credit score. The Credit Builder loan is simple. 

All you have to do is apply for a loan up to $1,000. You’ll gain access to part of the funds right away, and the rest of your loan will remain in your Credit Builder account until you pay off your loan. 

You’ll pay off the loan via monthly installments, and we’ll send proof of your on-time payments to the three major credit bureaus. At the end of the twelve months, you’ll receive the rest of your money, and from there, your credit score will increase. The best part is that your future interest rates will be lower as a result of participating in the Credit Builder program. Try the Credit Builder Plus membership today!

For some, the pandemic continues to cause financial hardships that seem to be long-lasting. At this point in the COVID-19 pandemic, Americans have received three stimulus checks. 

But many Americans are still in need of financial assistance, and they are asking, “Is there going to be a fourth stimulus check?” So, let’s find out! 

Nearly three million petitioners are calling for monthly payments

Public support for a fourth stimulus check remains strong. A petition from Change.org has been asking that payments of $2,000 per month be sent to struggling American families. 

As of September 2021, the petition has garnered over 2.8 million signatures, all in support of the dispersal of additional funds. However, it does not appear as though any stimulus funds will be sent out this year. 

Is there going to be a fourth stimulus check in 2021?

There have been repeated calls for a fourth stimulus check by not only the public but by some legislators as well. Although most businesses are back open and things are returning to normal, there are still many Americans who need additional support. 

An estimated eleven million people were affected by the way unemployment benefits came to an end on September 6th. As of September 2021, there are no plans to send out a fourth stimulus check either. 

However, there are still some assistance programs out there that can help families that are struggling in the aftermath of the COVID-19 pandemic. Let’s take a look at what kinds of additional assistance are available! 

What additional aid is available?

In lieu of a fourth stimulus check, an enhanced child tax credit payment is being issued to eligible families. This additional financial aid opportunity started in July, and it is expected to remain in place until December 2021. 

It is intended to help families in dire need. Similar to the initial stimulus checks, the IRS will distribute child tax credit checks in the same manner, though the credit is only available for families with children who are 17 years old or younger. 

The expansion increased the original child tax credit from $2,000 to $3,600 per child under six years old. For children between the ages of six and seventeen, parents can expect to receive $3,000 per child. 

To qualify for the enhanced credit, any and all single-filing taxpayers must not earn more than $75,000 annually, while joint filers cannot earn more than $150,000. Payments are reduced by $50 for every $1,000 of income accrued beyond these limits. 

Households earning more than these pre-set income restrictions might still qualify for regular child tax credit monthly payments in the amount of $2,000 per child. You can verify your payments using the Child Tax Credit Update Portal. This portal will allow you to update your address and bank account information as well as confirm your enrollment status. 

Eviction moratorium extension

As of August 26, 2021, the eviction moratorium extension is no longer in effect. The moratorium was overturned, meaning eviction protections that had been set in place at the beginning of the COVID-19 pandemic are no longer effective. 

Some states have implemented bans on evictions, including California and New York. Be sure to check your local websites to see if your state is on the list of states that still have an eviction ban in place. If it is on the list, make sure you know when the eviction ban is set to end so you can be prepared. 

Local charity and federal aid

Even though the federal government is slowly stepping back from providing financial assistance related to the COVID-19 pandemic, many local programs are still available. Look at the official website for the state in which you reside to learn more about ongoing pandemic-related assistance programs in your area. 

Some states are even offering rental assistance, which could prove to be very helpful in the face of the recent overturn of the eviction moratorium. Thankfully, many counties and towns are stepping up to help those in need. 

Contact your county website or visit your town hall to inquire about local charity programs. Some religious organizations and churches are also providing food, water, clothing, and supplies for free to people who need assistance. 

Low-cost MoneyLion Credit Builder loan

Credit builder loans are financing products that come with fixed monthly payments and low-interest rates. Applying for these loans doesn’t require a credit check seeing as they are designed to help you boost your credit score. 

They can also be a great way to access additional emergency cash with low interest. For example, MoneyLion’s Credit Builder loan offers up to $1,000 to those who need cash fast. 

The principal is split into two installments, meaning you’ll receive a portion of your funds upfront and another portion after you make your payments. With the Credit Builder loan, you do need to show proof of direct deposits, but keep in mind that income such as unemployment, child support, and alimony payments can improve your chances of qualifying. 

You can use your finds as a cash float to help you manage your bills by paying back what you owe over the next twelve months. MoneyLion’s Credit Builder loan also comes with the added bonus of helping you establish a solid credit history and rebuild your credit score along the way. 

You’ll gain access to credit monitoring tools, progress tracking reports, and 0% APR cash advances up to $300. More than half our members raised their score by up to 27 points within 60 days.

0% APR Instacash

MoneyLion Instacash is another great way to get assistance for those times where you are in a financial pinch. With Instacash, you can get up to $250 in cash advances at any point in time, all with no interest. This is a great way to cover the costs of food, bills, and even unexpected expenses. 

Like MoneyLion’s Credit Builder loan, a direct deposit is required before you can access Instacash, but again, income includes unemployment payments and child support as well as alimony. Once you set up your direct deposits, you can obtain a cash advance in the amount of at least $50. 

Employment opportunities

As vaccinations become more prevalent and lockdown orders start easing up, more and more businesses are reopening. In fact, many businesses are actually struggling to find employees. 

Businesses like Amazon and McDonald’s are offering sign-on bonuses as incentives to attract applicants so that they can hire employees. But that’s not all. Some companies have also announced benefits that include tuition assistance and hybrid work options to increase their applicant pools and fill their open positions. 

Now more than ever, it’s easy to apply for jobs and look for employment opportunities. It is also important to note that as vaccinations become more prevalent, many employers are requiring employees to get the COVID-19 vaccine.  

Some companies, like Walmart, Delta Airlines, and Google, are even requiring their employees to be vaccinated before they return to work. A lot of employers are also making exceptions for certain medical conditions and providing options for increased testing for employees who are not vaccinated. 

Before you apply for an available position, check out the website of the company at hand to read the details of their company’s vaccination mandates. According to a Momentive Small Business survey, one-third of small businesses have been unable to fill their open job positions for the past three months. 

Businesses also reported having difficulty finding qualified employees who have the skills required for the job openings. As such, it’s worth checking out job openings in your area or networking with former colleagues about possible employment opportunities. 

It’s also a great time to update your resume and sharpen your professional skill sets. Start by researching job opportunities in your area and going through the list of requirements for the job role that you’re interested in filling. 

There are numerous professional courses on LinkedIn and Coursera that can help you brush up your resume. Best of all, these courses are often either inexpensive or free!  The U.S. Department of Labor even provides training programs for employees that have been laid off. 

States offering a fourth stimulus checks or retention bonuses

California

California has a unique payout for residents called the Golden State Stimulus. If you earn between $30,000 and $75,000 per year, you could receive a check for up to $600. In order to qualify, you must file your taxes by October 15, 2021. Payments are expected to be issued in September via direct deposits and paper checks. 

Colorado

In the state of Colorado, you can receive a check for $375 if you received at least one unemployment payment during the peak of lockdown. This means that if you received unemployment benefits while being unemployed at some point between March 15, 2020, and October 24, 2020, then the state might send you additional funds. 

Florida

Florida is issuing checks for $1,000 to qualified teachers and administrators as a retention bonus. The details about qualifications for the additional funds are still being developed as of September 2021. First responders are also expected to receive a one-time payment up to $1,000. 

Georgia 

Similar to Florida, Georgia is offering a $1,000 retention bonus to full-time teachers and administrators, with a $500 bonus expected to be sent out to part-time employees. Notably, this additional payment is available to all teachers and administrators. 

Maryland

Maryland seems to have one of the most generous state stimulus checks programs for their residents. All state and local taxes on unemployment benefits have been repealed as of September. 

This means that residents are no longer being taxed on unemployment benefits just like the stimulus checks weren’t taxed. This is beneficial for Maryland residents because it means more money. Additional stimulus payments of $300 for individuals and $500 for families are expected to be received by those who filed for the Earned Income Credit. 

Michigan 

At the beginning of 2021, the Michigan Classroom Heroes grant began issuing payments of up to $500 to teachers and other staff members. This payment was considered to be hazard pay for essential workers. Full-time teachers received a payment of $500 while other staff members received $250 payments. 

New Mexico

New Mexico is offering a one-time payment of $750 to low-income individuals who did not receive federal stimulus payments. 

New York 

New York is offering funds to undocumented workers who lost their income streams during the pandemic and were excluded from receiving other benefits. The Excluded Workers Fund will issue a one-time payment of up to $15,600 in benefits. There are some qualifications that must be met in order for undocumented workers to qualify, so make sure you check your local government for more details. 

Tennessee

Tennessee is offering hazard pay, which is expected to be dispersed by the end of 2021. What was initially expected to be a 2% pay increase is now a one-time payment of $1,000 for full-time teachers and $400 for part-time teachers. 

Texas

Though there will not be any statewide relief, some Texas districts are providing additional funds to their residents. For instance, Fort Worth and Arlington announced a 4% pay increase for their employees. Similarly, Denton and Mansfield are offering teachers a 2% pay increase. 

Additionally, Denton employees are receiving a retention bonus of $500. Finally, in the Irving Independent School District, staff members who return to in-person learning this school year are expected to receive an additional $500 for working amid the pandemic, as long as they work at least twenty hours per week. The funds were paid out in August as part of the Education Relief fund.  

Other options worth exploring 

So, will there be a fourth stimulus check? Not in the traditional sense, but as with most circumstances during the pandemic, this information is ever-changing. Many states have set up their own state stimulus check or funding opportunities for those who did not receive federal funding or need further financial assistance.  

Though these times are uncertain, MoneyLion has options to help you feel a little more secure.

FAQs

? RECAP

• Data out in August showed UK retail sales falling at their fastest rate since January.
• Chinese manufacturing activity, meanwhile, shrank for the first time since April 2020 last month.
• And even though US stocks hit a record high this month, analysts have been reducing their forecasts for third-quarter economic growth.
• The US tied things up by revealing it had added far fewer jobs than expected last month.

✍️ CONNECTING THE DOTS

Investors had been hoping that widespread vaccine rollouts in developed markets would lead to a reopening of non-essential stores and leisure locations, and help unleash the trillions of dollars that consumers saved during the pandemic. That much was clear from optimistic economic forecasts and company earnings growth projections, with the second quarter of this year expected to boast the highest profit growth on record.

But there have been some bumps in the road since then, largely because of the Delta variant – thought to be even more deadly than its world-shuttering forefather. And even though investors were crossing their fingers that it wouldn’t derail the recovery too much, that hasn’t quite been the case. Take the US: the country’s August jobs report is a case in point of both demand and supply going in a negative direction. More people stayed home in order to stay safe. That drop in demand led to bosses putting hiring on hold, while those who did keep jobs open may have struggled to fill them as potential employees held off accepting jobs to keep safe.

China’s having its own problems: resurgent coronavirus cases have been contributing to its weak economic data lately. That poses a risk to global supply chains, given that so many of the products and widgets the world relies on are “made in China”. That’ll probably mean global economic growth comes in lower than expected, and earnings growth falls short of predictions – a one-two punch that could send stocks tumbling.

? TAKEAWAYS

1. The most popular themes should keep you warm.

Bloomberg asked professional investors where they’re investing, and they suggested sticking to thematic plays that stand to benefit no matter what happens with coronavirus in the short term.1 One example is healthcare services companies that are focused on delivering convenience, and healthcare service insurance companies: wealth manager Chilton Trust reckons UnitedHealth Group and CVS fit the bill to name just two, while iShares U.S. Healthcare Providers ETF offers broader exposure to the theme. Another example is clean energy: under-the-radar companies like MYR Group, MasTec, and Quanta Services are all set to benefit when the US rebuilds its energy grid, and so might the exchange-traded fund First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index.

2. Europe might be the best of a bad bunch.

The European Central Bank announced on Thursday that it’s planning to slow down its bond-buying program, suggesting that the region’s recovering from the pandemic at least as well as the central bank was hoping. And since the US seems to be on the back-foot, you might want to buy European stocks likely to benefit from a full reopening – however gradual that might be.2

? ALSO ON OUR RADAR

Research last week confirmed what plenty of investors already knew: investment funds have been rebranding themselves as green, impact, or ESG-focused in name rather than in action. That highlights the importance of digging into funds to understand how they define these concepts, and whether their definition lines up with yours.3

Schools continue to wrestle between providing a high-quality education and keeping everyone safe. Despite widespread vaccinations, the recent surge in outbreaks has left parents and students alike wondering whether school activities will ever return to normal. 

Keep reading if you’re still wondering, “Should kids go back to school this fall?”

School improvements since March 2020

Ever since the pandemic reared its ugly head in March 2020, schools have taken precautionary measures to keep students, teachers, and staff members safe. Even those who decided to homeschool their children last year might find comfort in the changes that schools have made.

Vaccinations

Starting in mid-December of 2020, the Food and Drug Administration (FDA) began granting Emergency Use Authorization (EUA) for a handful of vaccines. Although full approval had not yet been given, the EUA status allowed healthcare workers, at-risk individuals, and certain members of the public to get vaccinated against the COVID-19 virus.  

On August 23 of 2021, the Food and Drug Administration approved the Pfizer vaccine for individuals who were at least 16 years old. The vaccine is still available under the EUA for children between the ages of 12 and 15. Vaccines are not yet available to children younger than twelve, at the time of this writing, approximately 53% of the U.S. population has been fully vaccinated.   

Social distancing

Before the COVID-19 outbreak, most of us never kept physical distance between each other or thought about how we could prevent each other from getting sick. But ever since the COVID-19 pandemic, we’ve received constant reminders to keep our distance, and many students have adjusted to a life of keeping distance to this day.   

Children are encouraged to stay at least three feet apart from their classmates when they are in their classrooms. Schools are encouraged to use outdoor spaces whenever possible to prevent the spread of the virus. The Centers for Disease Control and Prevention (CDC) continues to recommend that people keep a distance of six feet between one another, and school systems are instructing students and faculty members to do the same. 

Masking

Masks can help limit the transmission of COVID-19 indoors. However, mask requirements vary based on where you live. Some schools require all students and teachers to wear a mask when inside, while other schools only require masks to be worn by those who are unvaccinated. But also, some schools allow the parents to decide if their children should wear a mask regardless of their vaccination status. 

Filtration systems

The pandemic continues to highlight the need for adequate air filtration systems in schools. Appropriate ventilation improves the quality of the air we breathe, and it can also reduce any viral transmissions that would otherwise occur by breathing in recirculated air.  

Even before the pandemic, an estimated 41% of public schools reported issues with their HVAC systems. Budget constraints and a lack of planning are the two most common reasons why schools still have dated filtration systems.  

The COVID-19 outbreak has renewed our interest in improving the air quality in schools. As a result, school districts have reallocated budgetary funds to upgrade their air filtration systems.  

CDC school reopening recommendations

The CDC has prioritized students’ ability to return to in-person schooling. Accordingly, CDC school reopening recommendations are continuously updated to help schools reopen safely. 

• Universal indoor masking for all students, teachers, staff, and visitors 
• At least three feet of physical distance between students in classrooms 
• Required to stay home if there are any symptoms of an illness 
• Preventive measures to reduce the risk of transmission
  • Screening
  • Hand washing
  • Cleaning
  • Disinfecting 
  • Ventilating 
• Monitored levels of vaccinations, transmission, and outbreaks 

Types of school reopenings 

With many schools having to close as a result of the pandemic last year, students have been looking forward to getting back to normal this fall. Parents who had the challenge of managing quarantine life are also breathing a sigh of relief.

Still, with heightened COVID-19 cases and the new Delta variant, school will continue to look different from what many of us experienced in years prior. Masks, social distancing, vaccines, and COVID cases will continue to shape how schools run.

Here are some common circumstances that schools are anticipating for the upcoming school year.  

Full reopening, face coverings, and social distancing

Students will likely get to attend school in person, but there will be added precautions that are in accordance with CDC school guidelines. For many schools that have chosen to fully reopen, mask-wearing and social distancing will be a prevalent part of everyday classes.  

Some schools will require students to wear masks all day long. Other schools might choose to limit the mask-wearing protocol when students are indoors. Mask policies will likely depend on a school’s ability to ensure at least three feet of distance between students in the classroom. In some cases, like in private schools, masks are entirely optional.

Schools that reopen may focus on keeping doors and windows open as well in an effort to help improve the flow of air inside of classrooms. In many instances, students are no longer changing rooms between classes either. Instead, teachers are moving from one class to the next in an effort to reduce the number of students who are in the hallways at one time. Students are also staying inside of their classrooms during their lunch periods, too.  

Although mask-wearing and reducing movement all around may seem limiting, it’s a preferred approach for many schools that are intent on opening up amid the COVID-19 pandemic. These steps will help to limit the potential transmission of the virus and its variants while still giving students much-needed in-person interactions, which is key to their growth and development. 

Hybrid, virtual, and in-person education 

Schools that follow a hybrid model combine in-person classroom teaching and online activities. This approach gives students the ability to interact with teachers and classmates at school while still limiting their overall exposure to others and the time they physically spend at school. 

Students are typically broken up into smaller groups, and they rotate between in-person classes and online teaching. The goal of a hybrid model of schooling is to reduce students’ exposure to COVID-19 by limiting the number of students who are physically in a classroom. The hybrid model uses online platforms to teach classes for students who are learning from home. 

100% remote learning

Schools that were shut down during the pandemic abided by the remote learning model in which all classwork is conducted online. Schools took advantage of Zoom and other types of video conferencing software to teach children remotely. Cloud-based files were used for lessons and homework, as well as online chat rooms for discussions and group-based assignments.  

While some schools might follow the hybrid model of teaching this coming fall, some schools will still offer students the opportunity to continue learning remotely. If your child or family members are still at risk of contracting the virus more readily than the general public, then remote learning will be the preferred method of learning for your children. 

Should you opt into remote learning for your child this fall, it’s essential that you equip your kids with the right tools. A good internet connection, a reliable computer, and a working printer are all key to helping your child succeed in a remote learning environment. 

Do I have to send my child back to school?

According to the National Center for Education Statistics, every state will require school-aged children to attend school. However, the type of schooling your child receives will vary and depend on where you live. 

In addition to public or private schools, your child might be able to attend a charter school, take lessons online, or be homeschooled through the state. As schools begin to reopen, parents might still be wary of sending their children back to school for in-person instruction. 

Whether you are concerned about the rising case numbers in your area or you have a high-risk family member in your household, you should talk to your child’s teachers to find out which alternative methods of schooling are currently available. 

Getting closer to normal this school year

At its onset, the COVID-19 pandemic greatly disrupted our education system. Most students were forced to learn from home, while schools were burdened with the adjustments and learning curves associated with the implementation of remote teaching programs.  

But as students start returning to classes in the fall, schools are taking additional measures to ensure the safety of all students and limit everyone’s exposure to the novel coronavirus. As your child prepares for their first day of school this year, you may need to shell out some cash to buy school supplies and clothing. This can be hard to do if you’re tight on money, but you can get a quick cash advance of up to $250 with Instacash! Just download the MoneyLion app, link your bank account, and tap “Instacash” to get a cash advance to purchase school supplies for your children!

Luckily, our government understands that a lot of this stress has been outside of our control. In turn, the government has put policies in the form of unemployment benefits to help us all succeed as much as possible.

COVID-19 has had a massive impact on all unemployment insurance policies, and the pandemic has changed everything in the interim. Those changes are not permanent, but they were put into effect to accommodate the current situation resulting from COVID. 

Read on to learn more about the qualifications associated with unemployment and how you can go about filing for unemployment benefits!  

Unemployment benefits

People often ask, “How does unemployment work?” and “What are the current unemployment benefits?” Each state has its own interpretation of unemployment benefits, but regardless of where you live, there is a minimum and a maximum amount of money that you can receive on a regular basis. 

There is also a maximum amount of time during which you can receive this benefit. Each state has its own specific time period as well. An extension can be made available if necessary, with this extended benefit lasting a period of 13 weeks. 

Federal unemployment qualifications 

Federal and state governments set forth different rules and qualifications regarding your ability to receive unemployment benefits. Below is a list of these requirements, though this is not an all-inclusive list.

However, it will provide you with an idea of what the government is looking for before they will award this benefit. If you have any questions, you can always reach out to your state’s unemployment office. 

Employment

You cannot be employed, and your lack of employment must be no fault of your own. You cannot just quit your job one day and file for unemployment. In order to qualify, you must either be let go or terminated from your position.  

Work and wages

Each state has its own specific requirements regarding work and wages. Each state will require you to meet the wage requirement during a set amount of time known as the base period. Most U.S. states will classify the base period as the most recent four quarters. This essentially means you must work a full year before you can take advantage of unemployment.

Fit to work

Are you mentally and physically able to work? If you have been injured and you’re not able to work as a direct result, then it would be difficult for you to hold a job that requires manual labor, but you could still work a desk job. So, whether or not you are fit to work will be determined on a case-by-case basis. 

Meet state requirements

There are some states that require you to apply for a certain number of jobs per day or per week in order to receive unemployment benefits on a regular basis. For example, Utah requires people to apply for four full-time jobs each week in order to receive unemployment benefits. The requirements of other states will depend on each state’s eligibility qualifications. 

State unemployment rules

Each state has its own set of rules and policies that it must follow in order to maintain unemployment benefits. To learn more about your state’s rules and qualifications, consult the U.S. Department of Labor. 

There are certain details that could affect your ability to receive unemployment insurance, some of which include the following:

• Actively looking for full-time work
• Citizenship status
• Whether or not you’re a student 
• Illnesses or injuries 
• Strike disputes
• Refusal of job offer

This is not an all-inclusive list, but these details can give you an idea of what each state looks for when determining your eligibility for unemployment benefits. Be sure to look at the exact requirements your state abides by in order to understand which qualifications you must meet.

How to file for unemployment

Every state has its own method of filing for unemployment. Luckily, you can easily look up the process for the state you reside in and abide by the filing requirements of your state. 

Can I qualify for unemployment if I am self-employed?

Unemployment for self-employed people can be difficult to acquire. There are more hoops that you will have to jump through if you’re self-employed, though unemployment benefits are still available for you.

Here’s how you can get unemployment benefits if you are self-employed. If your business has experienced a significant loss of income, then you may qualify for a PPP loan. MoneyLion can help you file for a PPP loan.

Don’t qualify for a PPP loan? MoneyLion offers a Credit Builder Loan for those with poor credit without a hard credit check. Unemployment, child support, and alimony qualify as accepted forms of income. Download the MoneyLion and find out if you can get up to $1000 today!

Creating a safety net during hard times.

You shouldn’t ever want to live off of unemployment. By creating a safety net when times get tough, you eliminate the fear of unemployment being your only source of income. With MoneyLions suite of financial solutions, even for those without a job, you can rest assured knowing you have affordable options.

While you’re waiting to rebuild your career and get your finances back on track, consider Instacash to help you through tough times. During the good times–and the bad, MoneyLion is here for you!

At MoneyLion, we’re firm believers that women should play a principal role in family financial planning. Although finance tends to be a male-dominated field, women have an innate knack for handling finances and investing. 

Research  conducted at the University of California Berkeley’s Haas School of Business found that women outperformed men by 0.94% per year when it came to understanding stock market investments. Another study from Warwick University’s Business School concluded that women were 1.8% more successful investing than men. 

In this guide, we’ll go over everything you need to know about child tax credits and why women should be in charge of the child tax credit funds.

What is the child tax credit?

The child tax credit allows families to lower their annual income tax bill, and in some cases, they can receive a refund. As of 2021, the child tax credit is $3,600 per child under the age of 6 and $3,000 per child between the ages of 6 and 17.

The child tax credit is one of the ways the federal government is extending support to American families. There’s a lot more that goes into child tax credits than the dollar amounts alone, so we’ve answered some of the most common questions for you! 

Who is eligible for the child tax credit?

You need to meet certain requirements in order to qualify for the child tax credit, and these requirements including the following:

In order to be eligible for the child tax credit, there are a few requirements that you need to meet:

• Your children must have a Social Security number
• You or your household needs to earn at least $2,500 per year
• Your annual income must be less than $200,000 for individuals and $400,000 for married couples
• Your children must be under the age of 18 at the end of the tax year
• Your children did not provide themselves with more than half of their living expenses
• Your children cannot file a joint return on that particular tax year
• Your children must be listed as dependent on your federal tax return
• Your children must be either US residents, US nationals, or US resident aliens
• Your children must live with you for more than half of the tax year; and
• Your children need to be your:
  • Daughter
  • Son
  • Stepchild
  • Foster child
  • Adopted child
  • Brother
  • Sister
  • Stepbrother
  • Stepsister
  • Half-sister
  • Half-brother
  • A direct descendant of any of the above mentioned, e.g., your grandchildren.

To find out more about the child tax credit scheme within the American Rescue Plan, please visit the US Treasury or the IRS.

How much of the child tax credit do you get per child?

The child tax credit changes every year. In 2021, the child tax credit is $3,600 per child under age 6, and for children between 6 and 17 years old, the tax credit is in the amount of $3,000 per child.

When will I receive the enhanced child tax credit?

The IRS will begin sending out child tax credit payments in July 2021. 

What If I have another child in 2021?

You’ll still qualify for credits! If you have a baby in 2021, you’ll be eligible for an additional $3,600 as long as you meet the aforementioned requirements. 

7 resourceful ways to use the child tax credit funds

When it comes to allocating funds from the child tax credit, we believe parents—especially moms—know best. Most moms play an active role in their children’s lives on top of managing the majority of household activities. 

Oftentimes, women tend to see gaps in the household because of their natural motherly instincts. If you’re stuck and can’t think of any ideas on your own, here are some ways to use your child tax credit funds! 

Update household appliances

Old household appliances can be a major inconvenience. For example, updating your old fridge can prevent food waste, and a new dishwasher could save you a lot of time in the evenings. Maybe you’re unmotivated to cook because your stovetop takes too long to warm up! Replace your oven and watch how much more fun making dinner becomes. 

If cooking homemade dinners means you and your family will eat out a lot less, then you’ll save money over time. Eventually, you’ll see a return on your investments with how much you’re going to save. 

Commit to healthy eating

Eating healthy, organic, and fresh food is expensive. Even farmers’ markets aren’t as affordable as they once were. Oftentimes, families are left to compromise on the quality of their food due to their budgets. Dedicating some of your family’s child tax credit funds towards healthier food options is a worthwhile investment. 

Make some kid-friendly bedroom updates 

If you are like most Americans, it’s likely that your home is endlessly messy. Kids love to leave their belongings sprawled out all over the place, but you don’t have to live with the messiness. Instead, start looking for opportunities to upgrade the communal spaces in your home! 

Spending funds on the improvement of your kids’ bedrooms can help improve their organization skills. The best place to start is by looking into storage solutions. For example, try switching out traditional beds for ones that incorporate pull-out drawers or shelves. 

Enroll your kids in classes or summer camps 

Classes and camps can be a great way to keep kids busy, get them out of the house, give them opportunities to socialize, and teach them new skills. Consider enrolling your kids in art classes or sending them to gymnastics. Better yet, ask your kids to pick a class or activity that sounds fun to them based on their interests. You might also want to send them to a fun camp this summer, which is an amazing chance for your kids to explore the outdoors while also giving you some time to yourself!  

Hire sitters or part-time care

Being a working parent is hard enough already, but if your kids are being home-schooled or taking classes remotely due to COVID, it can be almost impossible to concentrate and focus on your own work. That’s where sitters come into the picture! 

Babysitters can keep your kids from interrupting your Zoom calls. Sitters will occupy your children so that they don’t interfere with your work, which will also take away some of the stress you feel. 

Part-time caretakers can assist you with household chores like doing laundry or cooking, too. They can even give you the freedom to run errands alone or go on date nights. Ultimately, sitters can offer a valuable set of extra hands. 

Buy online learning materials 

It’s important to invest in the right learning materials for your children. You can use your child credit tax to purchase a new computer with more storage, opt for subscriptions like Adobe Suite to make projects easier, or buy new books for your children to read. 

Invest in your children’s future

You can’t go wrong when it comes to investing for your child. While extracurricular classes, learning materials, and babysitters are all helpful for helping your children grow day by day, nothing is more important than preparing for your children’s future. 

Putting funds into a MoneyLion Investment account for your children can help them pay for college in years to come or afford a down payment on a mortgage one day. A fully-managed, customizable portfolio for a flat rate of $1 per month is one of the best ways to help your children get ahead. 

And guess what? With MoneyLion, you’ll pay zero management fees! Learn more here. 

Invest in your family with MoneyLion

Allocating your child tax credit funds appropriately is only a small part of the overall picture. The influx of money granted to you by the child tax credit can offer many perks, but it’s important to maintain smart money practices on a daily basis. 

With a RoarMoney bank account from MoneyLion, you’ll be able to manage your child tax credit funds while also budgeting daily and tracking your everyday spending. The best part? You’ll earn rewards on all kinds of everyday purchases! 

Give your family a leg up by equipping them with smart banking tools. Learn more from MoneyLion.