00:00 00:00

Supporting Anti-Racism Through Giving 2 Frugal Dudes
Do-It-Yourself Debt Relief Options 2 Frugal Dudes
Our Tiller Money App Review 2 Frugal Dudes
How to Work On Your Business Instead of In Your Business 2 Frugal Dudes

Our Stimulus Check Review: Small Business and Personal

2 Frugal Dudes May 12, 2020 83

Our Stimulus Check Review: Small Business and Personal
2 Frugal Dudes

Subscribe: Apple Podcasts | Android | Google Podcasts | Stitcher | RSS

Episode 176: We’re bringing you insights from both the small business owner (Kevin) and employee (Sean) about receiving government stimulus checks during Covid-19. Tune in to hear the good, the bad, and the ugly.

Small Business Stimulus – Kevin’s Review

Kevin’s experience with the small business support check was less than ideal. There was a gap between what was promised in the Care’s Act versus what was released. The Payroll Protection Loan, in particular, didn’t come through as expected. Now the money is gone, and plenty of small Mom-and-Pop shops are at risk.

For Kevin, this negative experience has him rethinking small business ownership, and if it’s maybe time to work for someone else again. All in all, Kevin is grateful for having put steps toward financial independence in place to be able to support his family during this crisis.

Personal Stimulus – Sean’s Review

Sean had a positive experience with the stimulus check and received some very helpful funds for himself and his family. At first, this money came with guilt as he’s still actively working. However, the money will be reinvested in case things change in the future or used to buy things that support the local economy.

There are a lot of options when using personal stimulus. If you don’t need it to buy groceries and pay your bills to keep your family alive, invest it, pay off some debt, start a savings account— use that money wisely.

Show Links & Related Episodes

Music: https://www.bensound.com/royalty-free-music

Disclaimer: Kevin and Sean are not professional financial advisors. Do not take any advice they give without first speaking with a professional and performing your own due diligence. This post may include affiliate links.

Tagged as: frugal living, covid-19, frugal community.

Rate it

Author

2 Frugal Dudes

Previous episode

podcast

Expert Advice for Escaping a Broken Mindset

2 Frugal Dudes May 7, 2020

Episode 175: What is a broken mindset? How can you identify your own broken mindset? Tune in and learn about tapping into a broken mindset and taking the steps to […]