As you are surely aware, the Federal Government passed the CARES Act which is intended to provide relief for Americans as they are affected by the Coronavirus pandemic. While the Federal Government funds the Act and provides guidance on how to utilize the funds, it is up to individual states to decide how to allocate the money. Florida’s portion of the funding which resulted from the act is $4.1 billion. All eligible individual Americans received $1200 (depending on income), married couples received $2400, and additional funds were allocated to parents with children. The cash distribution was only one part of the CARES Act.
People all over the world are facing financial strain because of the Coronavirus pandemic. It may feel as though you will never recover or that you will lose everything because you cannot afford to pay the bills. There are many ways to get the help you need and there are tools to help you get out from under the crushing weight of debt. Your financial burden is not permanent. Here are some things to consider.