The economy is recovering slowly – more and more jobs are being created with each passing month. Be this as it may, there are still millions of qualified individuals who are yet to secure steady jobs. In this particular stage of life, it is important to be cautious about how you spend the little bit of money you have. Otherwise, you could worsen an already dire financial situation. The following are a few money saving tips to help you along the way: (more…)
Fired. Terminated. Laid off. Quit. No matter what happened, you find yourself without a job and without a regular income. Thanks to recession and the changing dynamics of the economy, many of us will go through this scenario and experience one or more bouts of unemployment in our lifetimes. How do you protect your finances when this happens to you?
It’s easy to panic. Go ahead and panic. Get it out of your system.
Feel better now? Unemployment is a financial setback some will face in these unstable times, but it doesn’t have to be disastrous. No doubt about it, this will be a tough period in your life, even if you have savings to tide you through. The key will be staying focused and proactive.
The most important thing you can do while you are unemployed is to maintain control of your finances. It’s important to know how to reduce your expenses, tap into resources available to unemployed folks and find things that are free. From unemployment benefits to health care, here are financial tips to help anyone get through a job loss and survive. (more…)
As the economy improving slowly, each month more and more jobs are being generated. But, there are still huge numbers of certified people who are yet secure with stable jobs. In certain stage of life, it is significant to be careful about how you spend a bit of your money. Or else, you could deteriorate a serious financial situation. The following are the simple money saving tips to assist you all the way. (more…)
Cut the cable cord. When our one-year special deal with Time Warner ended, we cut cable and are saving about $60-80 a month. We bought a digital antenna and watch about 30 channels over the air, and stream Netflix videos, music, news & weather channels, and other movie channels through our previously-purchased Roku box (which cost less than $100).
Cut the cell phone habit. What irritates me is seeing people at the unemployment office checking their email on their 4Gs, Droids, and Blackberries. This is one of the biggest expenses we cut after I lost my job. By ditching my smartphone, we saved another $70 a month by purchasing a cheap TracFone where you can buy prepaid minutes. When I want to check email I do it the old-fashioned way: I check my computer. Now that unemployment benefits ran out, I may just get rid of the cell phone entirely. (more…)