AS MILLIONS continue to receive their stimulus checks some may consider other avenues of income to boost their cash flow. Here is what you can do to increase your finances.
You could consider renting out your vehicle to those who are considering travel again now that many people received at least one of the two-dose COVID-19 vaccines.
A fourth round of stimulus checks could be on the way after President Joe Biden delivered his first address to Congress[/caption]
If you want to earn extra cash you can use a car-sharing service company like Turo that allows you to share your car when you’re not using it, according to Ascent.
Decluttering your house and getting rid of items you don’t need is another way to make extra money. You can sell the stuff that you don’t use through eBay, Decluttr, Mercari, or Facebook Marketplace.
Getting richer could also come with no effort if you have some extra money somewhere that you don’t know about such as a utility deposit refund or life insurance proceeds. You can use MissingMoney.com or search USA.gov to find your lost funds.
Additionally, you could look into your insurance policies and check your current deductible to decide whether you have enough money in your savings account to raise your deductible. This could lower your premiums by over 20%, according to Ascent.
Other ways to boost your finances include consolidating high-interest debt by paying it off through a personal loan with low interest rates and no costly fees.
Rent out your car or declutter your house from unused items to earn more cash[/caption]
Refinancing your home could save you between $300 to $500 a month. Black Knight, a technology company, said that millions of homeowners could cut funds per month off their mortgage.
A fourth round of stimulus checks could be on the way after President Joe Biden delivered his first address to Congress on Wednesday night.
During his speech, Biden touted the 160 million Covid relief checks that have been sent out under his landmark America Rescue Plan, prompting Google searches about a fourth payment to surge.
“We kept our commitment, Democrats and Republicans, of sending $1,400 rescue checks to 85 percent of American households,” Biden said during his address.
Reconsider your auto and house insurance policies[/caption]
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“We’ve already sent more than 160 million checks out the door. It’s making a difference. You all know it when you go home. For many people, it’s making all the difference in the world.”
While it’s unclear if more federal relief may be on the horizon, support is growing among Democrats for additional cash.
Last month, 50 Democratic members of the house and 21 Democratic Senators signed a letter urging Biden to sent out recurring stimulus payments until the end of the pandemic.