3 Financial Tips for the Unemployed
Source: finance.yahoo.com/news/3-financial-tips-unemployed-100009061.html
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…)