For many of the unemployed (actually, around 1 million people), there’s the worry that when January 2010 rolls along, they will be losing their unemployment benefits. This is because extended unemployment benefits are scheduled to expire by the end of the year unless the government does something about it. What to do then?
A while ago, I wrote a post that discusses what to do if your unemployment check runs out. Here are some general ideas:
(1) Turn to your community, local shelters and churches for possible resources.
(2) Try to conserve your funds as best as you can by limiting your expenses to only necessary expenditures. Perhaps you need a budget!
(3) Keep your eyes out for any job opportunity that opens up; even if a job is not in your line of work, you never know if it can eventually lead to something else that works out for you later.
(4) Explore various ways to generate income and be resourceful (for example, why not consider a pink slip party?).
Right now, people are making do with any kind of work that earns them an income. It’s hard to be picky right now — and you shouldn’t be, especially if you’ve been hitting the pavement (for a job) for a while now. But keep the faith as this economy *should* turn around….eventually.
Let’s keep up with our financial education with these great reads for the week:
Personal Finance Articles
- The New Parents’ Guide: To get our finances in order, it’s important to develop a financial plan and set financial goals as a starting point.
- Wise Bread: What if you can’t get a bank loan? Well here are 8 other ways and schemes you can try, to help finance your fledgling business.
- Weakonomics: Here’s a comprehensive piece about money, gold and the FED, and why we should be concerned about the US dollar. Very compelling!
- Len Penzo: Is LifeLock’s $1 million guarantee a sham? Len explores what Lifelock offers and also shares some do-it-yourself identity theft prevention tips.