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Paycheck Protection Program funds helped keep more than 5 million American small businesses alive through the first half of 2020, but one woman has a warning for anyone applying for aid.Kelleye Thomas, who runs a home daycare, had to shut down for three months due to the pandemic.Her income dropped to zero during the shutdown, but like so many small business and independent workers, she was saved by the government's Paycheck Protection Program."I applied for that through the Small Business Administration, and I was granted a forgivable loan for ,500," she said.That lifeline turned into a financial nightmare because of where she deposited the funds. Before she could even begin using the money, she said, Fifth Third Bank locked her account pending a fraud investigation."The check was deposited, and a few days later I noticed there was a freeze on my account," she said.Panicked, she called the bank."They let me know I needed a business account to receive the funds from this loan," Thomas said.Risk of using your personal accountA lot of independent workers and small business owners use just one account for everything because it is so much easier.But doing that can be very risky if you are getting any sort of federal aid.Business Insider says PPP loans must be put into a separate account to prevent:Payroll errors.Accidental misuse.Questions from your bank.That's what happened here, where the bank's investigation locked her out from all her money.As a result, she was unable to pay some of her most essential bills."I couldn't pay my mortgage or buy food or pay my credit card bills," she said.So we contacted her bank, Fifth Third Bank, where spokeswoman Laura Trujillo told us: "We take potential fraud seriously and are diligent stewards of our customers' money."Because the bank found no fraud in this case, it unlocked Thomas' accounts after our inquiry.Now, she's warning others about mixing pandemic aid with personal funds."I have always had my daycare money deposited into my personal account, and no one ever said anything about it or said I needed to open up a business account," she said.Business Insider says there is one more reason to keep PPP money separate: Eventually having the loan forgiven. Getting forgiveness can be much tougher if all your funds are commingled.So keep tight records, so you don't waste your money._________________Don't Waste Your Money" is a registered trademark of Scripps Media, Inc. ("Scripps").Like" John Matarese Money on FacebookFollow John on Instagram @johnmataresemoneyFollow John on Twitter (@JohnMatarese)For more consumer news and money saving advice, go to www.dontwasteyourmoney.com 2682
CANARY ISLANDS -- Imagine rowing almost non-stop across the Atlantic Ocean with a group of four people. No bathroom, no shade and a limited supply of food. “You’re totally exposed to the elements,” said Evan Stratton, a U.S. veteran. Evan and three others rowed across the Atlantic Ocean from the Canary Islands off of Spain to Antigua, near Puerto Rico, as part of the Talker Whiskey Atlantic Challenge — a yearly ocean rowing race. The path is 3,000 nautical miles. “Our row took 50 days, 11 hours, and 35 minutes,” he said. “Which seems like a really long time, but we actually set a world record for our boat class.” The team, titled Fight Oar Die, was the only American team to compete this year. More than just a physical challenge, the race is a test of the mind as well. We sat down with Evan, who walked us through it. “It’s really a challenge in mental strength,” he said. “It’s an introspective look at yourself whether you want one or not because you remove all inputs,” he explained. “There’s no work phone calls, no e-mails, no TV, no radio.” Through their journey, psychologists are hoping to learn something. “We got involved as part of that research component,” said Dr. Trey Cole, a clinical psychologist and former veteran himself. Dr. Cole oversees the researchers from the University of Denver that have been working with the Fight Oar Die rowing team throughout their experience. “There’s a lot to do with motivation and sleep and purpose and those type of factors we’re trying to take a closer look at,” Dr. Cole said. He helped the men prepare beforehand too — with conflict resolution, stress management, and other skills. “It’s hilarious to be sitting in your off shift in the cabin hearing two guys on the boat yell at each other but they’re still just rowing,” Evan said. “The end goal is you gotta get there.” It was a team effort with personal mental challenges each rower dealt with individually. Part of Evan’s way of getting through was the photos and cards his wife packed for him, cards he could open when he hit “the wall,” when he was “almost home,” and on his son’s first birthday that he missed while rowing. Evan said a challenge like this took the support of his family, but it all starts with motivation. “It just takes getting out and doing it,” he said.Evan spent four years of his life as a Marine earlier on in his life. “I went through my own battles with PTSD and mental health,” he said. Bringing awareness to mental health was part of his motivation for joining the rowing team this year. “We really wanted to show veterans that life doesn’t end after the military, that you can still go out and do really big things and really hard things and really incredible things,” Evan said. This awareness is at the forefront of Fight Oar Die’s mission — to provide a platform for veterans' mental health issues.“The hope is that we can generate some conclusions from that that could be helpful in informing the future of veteran and service member care,” Dr. Cole said. Cole and other researchers will continue to look into the data from the rowing teams each year. 3122

"I thought he was crazy," said Dave Egeler about what his identical twin told him he was going to do to raise ,000 to help two charities dedicated to helping dogs rescued from neglect, dogfighting and other forms of cruelty. This Saturday, Dan Egeler, a retired lawyer and cancer survivor, is planning to run four full marathons in 24 hours. Egeler's goal is to get a lot of people to donate a little bit or a lot to help him get to his goal of ,000. The money will be shared between Waggin' Tails Dog Rescue and Bark Nation which helps dogs recover from the abuse they've been subjected to in dogfighting. Both charities are nonprofit organizations that are driven by volunteers who are dedicated to helping the dogs recover from any physical and mental injuries they've suffered. "Anyone who owns a dog knows they are unconditional in their love," Egeler said. "They provide a lot of joy and excitement in the family and they're just so great to have around so we love dogs."And everyone will be able to keep up with Egeler's progress that will begin Saturday at 1 o'clock in the afternoon because he'll be wearing a tracker.Egeler will start in Dexter and run through parts of western Washtenaw county and on a track at night. He'll end his marathons Sunday at 1 o'clock in the afternoon in Dexter.Click here to find out more about the race, the charities, and where to make a donation. "Obviously it's a strong stress on the body and I plan for that, but I gotta do this and I've got to complete four marathons in 24 hours," Egeler said. "And that's gonna be more of a mental challenge than a physical challenge." This story originally reported by Kimberly Craig on wxyz.com. 1709
ARLINGTON, Va. – Within an hour of a food bank’s opening came a delivery organizers have been counting on: frozen chicken by the pallet. “Two weeks ago, we began preparations for the future,” said Charles Meng, director of the Arlington Food Assistance Center in Virginia. Meng remembers the last time they encountered a sudden spike in need – right after 9/11. “We saw a very significant increase at that time,” he said. “And so, this is just that on steroids.” The center typically serves about 80,000 pounds of food to 2,400 families a week. One-third of those they help are children under 18, but the numbers are starting to climb. “We expect to see is many more of those families come to us. That's really going to be the first bump up,” Meng said. Like many food banks across the country, the economic conditions brought on by the coronavirus are stretching their resources and those of families all over the country. “It will last them until we come back on Friday and I don’t have to worry about what they’re eating,” said one parent, Sarah Baldrick, who was in Ohio picking up food, during a distribution at a local school there. There is some cause for concern, though, when it comes to food bank donations. So far, the food assistance center says they are still getting help from corporations, companies and individuals. However, they are seeing trouble from some supermarkets. “That amounts, in our case, to about 40-percent of the food we distribute -- have all but dried up,” Meng said of the food bank’s supermarket donations. “So, we're going to have to significantly increase the purchasing of food for our families.” That means they now have to count on monetary donations to buy food for those in need, at a time when people’s pocketbooks are taking a hit. “I'm relying on the generosity of this community,” Meng said. “We all have a need to survive this time.” It is a time that’s now filled with uncertainty.For more information on the Arlington Food Assistance Center, 2004
As the holiday season approaches, organizers for the Times Square New Year’s Eve celebration said this year’s festivities will be “virtually enhanced” and very different.This year, the celebration will bring Times Square and The Ball to the audience digitally, no matter where they are.A scaled back and socially distanced live production is still being determined."People all over the globe are ready to join New Yorkers in welcoming in the new year with the iconic Ball Drop. I commend the Times Square Alliance, Jamestown Properties, and Countdown Entertainment on finding a safe, creative and innovative way for all of us to continue to celebrate this century old-tradition. A new year means a fresh start, and we’re excited to celebrate,” said Mayor Bill de Blasio.“One thing that will never change is the ticking of time and the arrival of a New Year at midnight on December 31st,” said Tim Tompkins, President of the Times Square Alliance, which co-produces the event with Countdown Entertainment.“Because any opportunity to be live in Times Square will be pre-determined and extremely limited due to COVID-19 restrictions, there will be the opportunity to participate virtually wherever you are. Because more than ever in these divided and fear-filled times, the world desperately needs to come together symbolically and virtually to celebrate the people and things we love and to look forward with a sense of renewal and new beginnings,” Tompkins added.Due to the ongoing coronavirus pandemic, many events have been canceled or modified to fight the spread of the virus. The New Year’s Eve Times Square ball drop, which typically brings millions of people together in Manhattan, is no different.Earlier this month, the mayor and Macy's announced the annual Thanksgiving Day Parade will be "reinvented" with virtual aspects. The Macy's Fourth of July fireworks were also modified into smaller fireworks displayed before a grand show was aired on television. This story originally reported y Kristine Garcia on PIX11.com. 2053
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