If you're reading this, I'm earning money in some way. I was compensated with money and/or product. Thanks for helping to feed my family. I also may have a financial interest in companies named. Please see our disclosure for more information. Also, any advice provided is for informational purposes only. I'm not an accountant, lawyer, doctor, fitness expert, or nutrition specialist. So, talk to a professional before acting on anything you read, watch, or listen to below. Get your own advice and do your own research. Email me at [email protected] with questions.
Losing your job is one of the most stressful things that can happen in life. Not only are you losing your financial security, but you’re losing a part of your identity as well, especially if you’ve been at your job for a long time. It’s never going to be an easy situation, but there are some things you can do to make this transitional period to getting a new job a little bit easier.
First things first, depending on your situation you might be able to get some help from the government and claim welfare or benefits to keep you going while you find a job. If you’ve had to leave work because you got hurt or injured, find a company like DiPiero Simmons McGinley & Bastress who can claim back the money you’re entitled to which can make things much easier while you’re out of work.
Your next step is to sort out your budget to try and prevent getting in trouble financially while you find a new job. Cut out any luxuries, and scale back the costs of things like broadband/ TV packages, mobile phone packages and other extras if you’re able to. Work out what your priority bills are and pay these first. In many cases, this will be your rent or mortgage so you don’t end up losing your home.
If you know you’re not going to be able to afford to pay some bills for a few months, it can be a good idea to give these companies a call. Ring them up and explain the situation, they might be able to put a hold on your account to prevent phone calls and letters chasing, or stop any interest being added. They might give you the option to spread your payments over a longer time frame to reduce the costs each month.
Related: 7 Family Budget Hacks You Need To Spend Less Money
As the saying goes, it’s easier to find work when you’re in work. And it’s true, employers tend to look more favorably on those who don’t have gaps in their employment history. As it can take a long time to find a good job that you want to do, consider taking anything for the time being. Sign up to an employment agency doing anything from cleaning to bar work, it might not be your dream job but it brings in some cash while you wait to hear back for interviews for other things.
Having a side hustle is useful in these situations as it gives you some extra money to fall back on. It can take a while to establish a blog, YouTube channel, home business or freelancing portfolio, but consider getting set up. You can build it over the months and years and it’s useful if you ever find yourself in the same predicament again.
How To Make A Profitable Side Hustle From Your Hobby Farm
4 Ways To Succeed In The Gaming Industry
After Pregnancy: How To Get Back Into The Job Market
Uncovering The Benefits Of A Career In Law
How to Balance Your Life as a Recruitment Manager
Proven Strategies To Make Finding a Job More Effective
Why are you Unhappy at Work? Find out Here
3 Ways the Pandemic Affected Communications
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.