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How to Deal With Unemployment

– Posted in: Managing Your Finances, Money Management, work

Being Unemployed is a tough state to be in.

It’s hard to survive sometimes with a job, much less without one. The key is to get creative so that you can not only survive, but possibly end up better off than you were before you lost your job.

How can you deal with Unemployment?

Let’s consider all options and forget about the word “can’t”. Following coping strategies could go a long way in helping you get back on track and go on with your life post-job loss.

How to Deal with Unemployment

How to Deal with Job Loss

File for Unemployment

The very first thing to do when you lose your job is to file for unemployment. Even if you think you will be back to work in a week or so you may as well get the one week waiting period out of the way. Don’t wait until you are desperate to do this. Unemployment benefits are there for a reason. Right now the name of the game is survival, so be sure to plan ahead as much as you can.

Apply for Other Benefits

Now is not the time to be concerned about pride. Apply for benefits so that you at least know you and your family will have food on the table. Keep in mind that there are other supplementary benefits that can go along with this. For example, if you receive SNAP you may also be eligible for a free cell phone or a reduced home phone bill. Right now you need to reduce all of your costs as much as you can so you need to learn what your options are.

Reduce Entertainment Costs

This is one of the effective ways to deal with Unemployment financially speaking. Now may be a good time to have the cable turned off and start spending more time at home. By reducing your costs, you also reduce your stress.

Work with What You Have

You may have things around your house that will help you earn an income while you wait for a potential employer to call you. You can turn a hobby into a job and you probably won’t even have to spend any money on supplies because you already have them. Take inventory of what you have and make it work for you. Do you have land with trees on it? Thin out your woods and sell the wood to people who use wood burners. Do you have children at home? Why not open a daycare? Do you have junk metal in the backyard? Take it in and sell it for scrap.

Make Yourself More Employable

Now may be a good time to further your education too! There are grants and scholarships that don’t just help pay tuition but may also help with the cost of living. You can get an education in a whole new field or further your education in a current one. Either way it never hurts to add academic credentials to your resume.

Make sure to beef up for resume and submit it online. You can even create a portfolio that will get the attention of potential employers and give you a shot at a better job than you already had. Times may be tough right now, but this may be the chance you need to make a change for the better. Dealing with Unemployment might turn into finding or creating a job that you love.

Good Luck!

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