Surviving Unemployment: How To Live Without An Income (Temporarily)

Losing a job is one of the most painful experiences that professionals go through. It’s not easy to be told that you’re not needed anymore by your employer. It’s even worse when you’re told that you’re no longer good enough for your company. But that’s just the emotional impact that losing a job has on a person. Time and therapy heal emotional pain, but the financial impact of losing a job can pose danger to you and your loved ones if you aren’t prepared.

It can be difficult to come to terms with your new scenario, but you need to know that it’s a fact of living. Moving on is difficult, whether it’s from a significant other or from employment because you lose the sense of security you once had. But take heart in the fact that it happens more often than you think, and that most people are able to overcome it.

So, where do you begin?

Budget For A Six-Month Unemployment Phase

It’s always wise to plan for the worst. It’s difficult to determine how long you might remain unemployed. You could find a new job in a few weeks or in several months. Whichever the case might be, you’re going to be glad that you have resources that you can use when you need them.

Inform Significant People

Yes, your significant other and your friends and family are among these people you need to inform, but you need to expand that list to accommodate people you have financial dealings with, like your creditors. It’s difficult news to deliver, and you’re bound to get a negative reaction, but it’s not the end of the line for you, especially when you’re able to make effective use of these customer service problem solving techniques.

Informing these people is essential because this allows them to make necessary adjustments to suit your new situation.

Make Lifestyle Adjustments

Minimize expenses by foregoing unnecessary pleasures. You need to accept that you’re not going to be able to enjoy your old lifestyle if you no longer have the means to sustain it.

Make An Active Effort To Find a New job

Send resumés to probable employers, market yourself on the internet, use newspaper ads if you must. Securing a new job should be your top priority. Send 10 applications a day and keep searching until you get hired.

Apply For Unemployment Insurance

If things aren’t looking well, then you might need to apply for unemployment insurance. While I personally wouldn’t do this, it’s good to know that this is a valid option, especially when you’re desperate enough. However you need to be aware that there are conditions that need to be met before you can apply for unemployment insurance.

The primary condition is that the worker must have lost their job faultlessly, meaning that they did nothing that would cause them to lose their job. Therefore, employees who were terminated and those who voluntarily resigned do not qualify for unemployment benefits.

I’ll keep this last paragraph short in the same way that you need to keep your unemployment period short.

Treat unemployment like a transition rather than a problem. There are many people who go through it and end up fine. You shouldn’t be an exception to this, dear reader.

Boost Your Savings by Increasing Your Income

While we would all love to put some money aside in our savings for a rainy day, many people find this difficult. This is not because they don’t have the willpower to save, but rather because they simply don’t have enough money leftover each month to put aside in. This can create a problem if unexpected costs arise, or if you need to save up for something.

Fortunately, with today’s suburban lifestyle where most people have ready access to the internet, you can do something about the situation. If you are serious about saving, you can try earning more money online. In this article, we will look at some of the ways you can boost your income and save money with the help of modern technology.

Ideas for Boosting Your Income

So, what can you do to boost your income? Well, these days people go online for all sorts of financial reasons, like getting a loan, arranging commercial vehicle financing, and getting debt advice and budgeting. Another reason why people go online is to make money, and there are plenty of ways in which you can do this.

One of the things you can do to make some extra cash in your spare time is to use the skills you already possess. For instance, if you are a good researcher and enjoy writing, you could offer your services online to individuals and businesses looking for content writers. In today’s digital age, there are plenty who are looking for this type of service so you could make some serious cash. In fact, you could even turn it into a regular part-time or full-time career if it takes off.

If you have technical skills and you enjoy being creative, you may want to offer your services as a web designer in your spare time. Again, because of the age we live in, businesses are always on the lookout for good, affordable, and reliable web designers. If you can offer these qualities and you have the skills (or can learn), this is a great way to make some extra money. As with content writing, you could turn this into a part-time or full-time career, and you could work from a home office.

Finally, if you want to make money as a one-off to help boost your savings, you could sell items you no longer want or use online. Most of us have items that we do not use any longer, from DVDs and books to clothing, kids’ toys, furniture, and more. One man’s junk is another man’s treasure, as they say, so you could sell this online and make some money. At the same time, you can clear your home of clutter.

Get Your Savings Underway

No matter what sort of online job you choose, you can look forward to it as a practical means of generating more savings. You can then benefit from greater peace of mind, as you will some money put aside in case you need it.

5 Ways To Get Cash When You Need It Fast

Unexpected expenses always seem to pop up at the worst times. You may be in between paychecks, or need a lump sum of cash to pay off other bills, and need to make some money fast. Emergency car repairs or medical bills can wipe you out unless you have a way to get cash quickly.

With a bit of ingenuity and effort, there are plenty of ways to get extra funds when you are in a bind. While you may want to avoid scam-ridden deals that you find at many payday loan lenders, there are other options that can get you back in the black faster than you may think.

Sell some of your stuff at a garage sale, talk to a private lender about title loans in Bakersfield or join a research study to make cash fast. Take a look at some of these quick and easy ways to make some money when you really need it.

Garage or Online Sale

Gather all of your unwanted items and set them out for a garage sale. This is a great way to clear out your clutter and purge your home, garage and basement of the things that you no longer need. Barter with buyers for the best price and start collecting money right away.

Go online to a popular auction site like LetGo or eBay and advertise your items for sale. You can have a buyer in just minutes and money in your bank account right away.

Blood or Sperm Donation

There is always a need for blood donations. The Red Cross is always putting on blood drives to help keep their blood banks full and operational. Visit your local blood bank and sign up to donate blood or plasma. You can donate up to once a week. The compensation isn’t much, but it can get you started.

If you donate sperm, the compensation is much higher. In most places, a sperm donation will pay around $200. If you qualify, you can donate as often as you wish. Women have the option to donate their eggs, however, the process can take several weeks and isn’t as quick a solution to money issues.

Title Loan

If you own your own car, boat or RV you might qualify for a title loan. This type of secured loan is easy to get, especially if you have poor or no credit. Your collateral acts as a guarantee on your loan and can get you a larger lump sum in less than 48 hours.

Fill out a simple application, decide what you want to put up as collateral and collect your cash. It’s really that easy. As long as you keep to the payment schedule on your loan, you will retain ownership of your collateral.

Sell An Asset

If you need a larger lump sum, you might consider selling an asset. Selling will often bring you a larger amount than a secured loan. Advertise your asset including items like a vehicle, your boat, recreational vehicles or a piece of valuable art for sale. Take advantage of the online market to reach more potential buyers.

Participate In A Research Study

Private companies and educational institutes are always looking for people to participate in their research studies. Visit your local college websites to view listings of interesting studies that you can be a part of. Research studies can include testing out trial medications, taking part in a behavioral study, or psychological testing.