If You’re Out of a Job, These Are Some Small Steps To Take To Stay Afloat

When you’re faced with unemployment it’s hard to think about your budget, but PennyGem’s Justin Kircher has some ways to get through these times.

Transcript

00:00 "It's something that happens to almost everyone, but that doesn't make it any easier.

00:08 When you're faced with unemployment, it's hard to think about your budget, but here

00:11 are some ways to get through these times."

00:13 The dough roller suggests going through your records to see what you're spending your money

00:17 on each month.

00:18 The website says taking this action will let you better decide what you should be spending

00:21 your money on so you can figure out where to cut back.

00:25 From shutting down your streaming or cable to selling or trading in your ride for something

00:29 more economical.

00:30 And if your place is big enough, you could consider saving on rent by finding a roommate.

00:34 Money Crashers adds that you should look at your debt to see what you can put off paying

00:38 right away, but add it to discuss it with your credit card company, which could lower

00:41 your payment, or if you have student loans, you may be able to apply for forbearance to

00:46 put a hold on your payments.

00:47 The site points out that if you haven't already, get in touch with your state's unemployment

00:51 office so you can get benefits as soon as possible.

00:55 After all, you've been contributing to the program with part of your previous paychecks.

00:59 (upbeat music)