Buzz
No job? Discover how to stay afloat while still planning for the future.
Living without a steady job can be tough. Without a regular income, paying bills, staying productive, and managing your emotions might feel overwhelming. While it may seem impossible to weather unemployment, it's entirely feasible. Read on for tips on surviving when a job seems out of reach.
What should you do when you lose your job?
Don’t hesitate to explore government assistance programs such as SNAP or unemployment benefits. Additionally, you can turn to your community for help through crowdfunding sites like GoFundMe or check if your credit card provider or loan institution offers an economic hardship program.
Steps to Take
Seeking Assistance
Consider government assistance programs. There are many government programs designed to help you with essentials like food, heating, and even rent payments. The U.S. government's benefit finder can guide you to the right programs you may be eligible for.
- You could qualify for the Supplemental Nutrition Assistance Program (SNAP), which helps low-income individuals and families afford groceries.
- The Trade Adjustment Assistance Program supports workers in industries like manufacturing and agriculture who have lost jobs due to foreign competition. It offers up to 104 weeks of paid training, literacy courses, and cash benefits for up to a year after unemployment benefits end. The Worker Adjustment and Retraining Notification Act provides free training, college courses, or professional development for individuals affected by mass layoffs in industries not covered by other programs.
Check if you're eligible for unemployment benefits. If you were laid off, fired, or left your job voluntarily, you may qualify for unemployment benefits, which can provide financial relief during your job search. Unemployment requirements vary by state, so make sure to check the eligibility criteria in your area.
- Don't feel ashamed to apply for unemployment benefits. You've worked for it, so take advantage of this safety net.
Reach out to your community for support. Your loved ones—family and friends—might be able to assist you during tough times. Let them know about the challenges you're facing and ask if they can help. Be sure to update them on your job search efforts and the steps you're taking to improve your situation.
- Consider setting up a fundraiser on platforms like GoFundMe, YouCaring, or Indiegogo. You can share your campaign on social media, such as Facebook, to encourage friends and family to contribute during your time of need.
Interesting Fact: Crowdfunding platforms like GoFundMe are often used for medical emergencies with high costs. However, this service should be used responsibly and not abused. It's also important to note that crowdfunding may be restricted in certain countries, such as Iran, Cuba, Nicaragua, and Venezuela.
Reach out to your credit card and loan providers. Many credit card companies and loan providers offer special hardship programs for individuals facing unemployment or struggling to pay their bills. To avoid late fees or defaulting on a loan, it's important to contact them immediately.
- When you get in touch, you can keep it simple: “I’m currently unemployed and unable to make my credit card/loan payment at this time. What options are available for someone in my situation?”
- Respond to any questions the representative may ask. They’ll guide you through the best options tailored to your financial situation and the type of credit or loan you have.
Heads up: If you’re unemployed and have a credit card, it’s wise to find a guarantor to back your debts. However, be cautious about your spending to ensure you don’t cause trouble for yourself or your guarantor. If you can’t find a guarantor, you might need to provide collateral, like your car or even your home, knowing that you risk losing them if payments aren’t met.
Reducing Your Spending
Create a budget. Start tracking your expenses to identify areas where you can cut back. Keep a journal of everything you spend and categorize each item as essential or non-essential. This will help you understand how much you can spend each month and how to allocate that money across necessary expenses. Determine what you can do without, at least for a few months.
- Essentials include food, housing, and utilities.
- Non-essentials include things like going out, gym memberships, and luxury purchases.
- Maintain a spending journal to stay on top of your budget.
Cancel unnecessary subscriptions and memberships. Monthly subscription and membership fees can pile up quickly, so it’s a good idea to start trimming these expenses. Review what you’re currently subscribed to and decide what you can live without for a while.
- While things like cell phone and internet may seem essential, consider using the internet at your local library for free if you can temporarily cancel your home service.
- Cancel your cable subscription—cable can be costly. Instead, consider keeping just your Internet service and watching shows and sports online.
- Switching to a more affordable cell phone provider could save you money. Providers like Ting, RingPlus, Zact, Republic Wireless, and FreedomPop offer plans under $20 per line. If you have a smartphone, you can switch to a no-data plan to lower your monthly bill. Be aware of any trade-offs, such as lower service quality or the need to purchase a phone directly from the provider.
Warning: If your financial situation becomes dire and you can no longer afford it, you may have to make tough choices, such as canceling your Internet service and selling your cell phone—even if it means cutting off communication. At that point, you will need to reach out to your family or friends to explain your financial struggles and let them know that you had to stop contacting them due to these circumstances.
Drive less. Try to combine errands so that you don't have to make separate trips. Whenever possible, use public transport, bike, or walk to save on fuel costs.
- Make sure to regularly maintain your car. Routine tasks like oil changes and general maintenance will keep your vehicle running smoothly and help you avoid more costly issues later. Set a schedule for regular oil changes for all your vehicles.
Warning: In extreme cases, you may find yourself in a position where selling your car is the only option.
Consider moving. If your current home or apartment is becoming financially unmanageable, look for a more affordable living situation. You might also consider asking friends or family if you can stay with them until you're back on your feet.
- The U.S. Department of Housing and Urban Development (HUD) can assist you in finding affordable housing and may even provide housing vouchers if you're struggling to pay your rent.
Warning: If you choose to stay with a relative or friend, keep in mind that you are living in someone else's space, and it's essential to resolve your financial issues as quickly as possible to avoid overstaying your welcome. As the saying goes: “Fish and company stink after three days.”
Ensure you and your family have health insurance. It might seem like an unnecessary expense, but you'll be grateful for health insurance if anyone in your family falls ill or requires medical treatment. Emergency room visits and medical care without insurance are incredibly expensive and could lead to long-term financial strain.
- There are government programs that may help lower the cost of insurance. Your options will depend on your state, but it's worth checking if you qualify for low-cost insurance programs.
- If you have insurance for your home or car, consider increasing your deductible to reduce your monthly premium costs. While this may save you money in the short term, remember that if you need to make a claim, you’ll be responsible for the higher deductible. This isn't a long-term solution, but it can help during tight times.
Take advantage of sales and coupons. Another way to reduce your monthly spending is to buy essential items when they're on sale, when you have coupons, or when buying in bulk offers a better deal. Keep an eye on local ads, clip coupons, and compare prices to ensure you're getting the best deals on the things you really need.
- Consider shopping at warehouse stores like Sam’s Club or Costco. If you know someone with a membership, ask if they can take you along to avoid having to buy your own membership. These stores often offer great bulk prices, but always check the unit price, as not everything is cheaper.
- Opt for generic brands. Most grocery stores offer their own products at significantly lower prices than name brands, which can help cut down on your grocery bills.
- Cut out non-essential items. If you’re focused on saving, you can’t afford to buy everything you used to. Skip luxury items like sodas, expensive cuts of meat, or snacks. Focus on what’s necessary to feed you and your family.
Cook your meals at home. Plan your meals before you go grocery shopping. By cooking all your meals at home, you’ll save money in the long run, although it requires some planning and effort.
- If you’ll be out for the day, pack your own lunch and snacks. Eating out, even just for lunch, adds up quickly. Bring a cooler with sandwiches, snacks, and drinks from home to save on food costs throughout the day.
- Skip your regular trips to the coffee shop and brew your own coffee at home. This small habit can lead to significant savings over time.
Conserve your resources. Be mindful of how you use your utilities. Turn off your air conditioner or heater to save on energy. Use candles or battery-powered lamps instead of relying on electricity, and only use water when necessary. Small adjustments like these can add up to big savings on your utility bills.
- Be frugal with your food as well. Food is a major expense, even when you’re shopping for cheaper, generic items. Avoid eating out of boredom or stress—eat only when necessary.
Prioritize your bills. In tough financial times, you may find it impossible to pay all your bills. It’s important to prioritize which bills must be paid first. Your essential living expenses—like housing, utilities, and food—should be your top priority. After that, medical bills should come next. Credit card payments and other loans can be postponed until you've covered your essential needs.
Exploring Ways to Earn Money
Take a lower-paying job. If you're struggling to find a position in your field, consider taking a temporary job at a lower wage. While it may not be ideal, it's a practical step to keep your finances afloat. Sometimes swallowing your pride and accepting less pay is necessary to make ends meet. Temporary jobs are a valid way to support yourself and your loved ones.
- Choose a role that could add value to your resume. For instance, if you work in retail, use the opportunity to hone your customer service and inventory management skills. In fast food, you'll gain experience in teamwork and working under pressure.
- Don't forget to allocate time for job searching. This job is only temporary, so continue your efforts to find a more permanent position.
Think about selling an extra vehicle. If you own more than one car, consider selling one. Not only will you receive some extra cash from the sale, but you'll also reduce the ongoing costs of insurance, maintenance, and fuel for that vehicle.
Sell items online. Selling things you no longer need online can be a great way to generate some cash when times are tough. You can sell anything from clothes and shoes to electronics, furniture, or even collectibles. Websites like eBay and Craigslist offer convenient platforms for selling your items.
- It might be tough, but prioritize what you’re willing to part with. Start with the items you’re less attached to, and consider selling the more valuable things later. The proceeds could mean the difference between paying for groceries or rent.
- Take a look for collectible or antique items around your home. Sometimes, certain toys, memorabilia, or old antiques can fetch a surprising price.
Warning: If you're selling items that you don't use, make sure they are in good condition and still relevant. It's not worth selling outdated or obsolete products (like a VHS tape or an old analog phone unless you’re selling to a collector). Ensure your items have some market value before you list them.
Sell handmade crafts online. If you have a knack for crafting, consider selling your creations on the internet. Platforms like Etsy provide a space for you to sell items such as custom jewelry, clothing, candles, soaps, artwork, or whatever else you make. Keep a close eye on the cost of materials and balance that with the price you charge. Start small and build your presence from there.
- You could also try selling your goods at local craft fairs. While this could be a lucrative option, keep in mind that securing a booth at these events can be costly.
Rent out a room in your house. If you have extra space, consider renting out a room in your home. This could be a great way to make some extra cash, especially if you live in a busy city, a popular tourist destination, or near a college. Many people rent out rooms to either short-term or long-term tenants.
- Websites like Airbnb.com make it easy to list your space as a bed-and-breakfast-style accommodation for travelers passing through.
- However, renting a room is a significant commitment, so be sure to think it through. If you want a tenant to leave in a couple of months instead of a year or more, renting a room might not be the best option for you.
Offer services within your community. There's often work available right in your neighborhood. You can offer services like dog walking, house or pet sitting, cleaning, babysitting, elderly caregiving, and lawn maintenance. Advertise your skills by putting up flyers, posting in community bulletin boards, or using social media platforms like Facebook to get the word out.
Host a garage sale. Use some of your free time to declutter your home. Instead of simply tossing out or donating items you no longer need, consider holding a garage sale. This is a great way to earn extra money to cover expenses like groceries, fuel, or bills.
Staying Occupied
Apply for jobs daily. A key strategy for managing unemployment is applying for as many jobs as possible. Dedicate some time each day to searching job listings and submitting applications.
- Hand-deliver your resume. Don't hesitate to call or email businesses to ask if they are hiring, even if they don’t have a visible job opening.
- Use job search websites like monster.com and indeed.com. These platforms allow you to apply for jobs, search for listings, and upload your resume so employers can reach out to you.
Take a class to acquire new skills. A productive way to spend your time while job hunting is by taking a class that adds to your skillset. Not only will this improve your chances of landing a job, but it will also demonstrate to employers that you are proactive and eager to grow. Many of these classes are offered for free or at affordable rates.
- Explore resources like the Department of Labor’s One-Stop Career Centers. These centers often provide free courses on topics such as computer skills and basic academic knowledge, plus career counseling and job search assistance.
- Microsoft’s Elevate America initiative supports U.S. veterans and nonprofit organizations by offering free and low-cost online training programs. This initiative helps people develop technology skills and provides vouchers for training and certification.
- Sites like Monster.com offer free eLearning courses that can help enhance your resume and teach you valuable skills.
Seek an apprenticeship. An apprenticeship can be a great way to gain hands-on experience and potentially secure a job in the future. The Department of Labor's website lists numerous apprenticeship programs. While many apprenticeships start at a lower wage, the opportunity to learn on the job makes them a valuable investment in your career growth.
Start your own business. If you have marketable skills, you may want to consider starting a small business. This can be a way to earn money while you continue searching for full-time employment. Think about your talents and how you can turn them into a source of income in the meantime.
Tip: Launching your own business allows you to work independently, pursue your passion, and avoid the stress of waiting for a job offer. It’s an opportunity to be your own boss while doing something you love and are skilled at, without the accountability to an employer.
Volunteer to gain experience. If you're lacking work experience or want to develop new skills, volunteering can be an excellent way to make yourself stand out to potential employers.
- Think about volunteering at places like a local hospital, animal shelter, or nonprofit organization while you're looking for a job.
- Volunteering not only enhances your resume but also provides a fulfilling experience that can benefit you in the long run.
Work on perfecting your resume. If you've been struggling to find a job, it might be time to reassess your resume. Dedicate some time to updating and reworking it, viewing it from the eyes of a potential employer. Emphasize the qualities and skills that would make you an ideal candidate.
- Look for online resources such as guides, templates, and resume samples. Numerous websites offer help with building a strong resume, and some even provide community feedback.
- Make sure to proofread your resume for any errors in grammar, spelling, or format. A resume full of mistakes can quickly be disregarded by employers. Ensure it's polished before sending it out.
- Check that your resume has a clean, professional layout. Use online templates to ensure you have the right font choices, size, and spacing.
Pay attention to your appearance. Before attending job interviews or dropping off resumes, ensure your appearance is neat and business-appropriate. You don’t need to splurge on an expensive suit. A business casual outfit will do the trick. For men, choose dress pants and either a collared shirt or a jacket and tie. For women, opt for a skirt and blouse or a dress. Avoid wearing jeans, sneakers, or flip-flops.
- Make sure your hair is neat and tidy, and take a shower before you go. Clean clothes are a must.
- Iron your clothes to avoid a wrinkled appearance—first impressions matter.
- If purchasing new clothes isn't an option, visit thrift stores or yard sales where you can find business casual attire for a reasonable price. Alternatively, consider borrowing something from a friend or family member.
Stay productive. Unemployment can often lead to feelings of sadness and a lack of motivation. Instead of dwelling on these emotions, find ways to stay active and engaged in new activities.
- Go for a walk. Physical activity is essential during this time to maintain both mental and physical health.
- Stay connected with your family, friends, and community. Reaching out to others will help you stay engaged and may open new doors for opportunities.
Lean on friends and family for emotional support. Unemployment can take a toll on your mental well-being, often leading to feelings of isolation or despair.
- When you're feeling down, don’t hesitate to reach out to someone you trust. Talking about your struggles can lighten the emotional load.
- Sharing your challenges with a friend or family member can make the tough times more bearable and help you navigate through them.
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Think about joining an online or local unemployment support group. If you're hesitant to open up to friends and family about your challenges, such a group can offer a safe space to connect with others who understand and are facing similar struggles.
The guidance in this section is drawn from the personal experiences of Mytour readers, just like you. If you have any useful tips or advice to share, feel free to submit them in the field below.
- Women can opt for pants to look polished and professional, in addition to wearing stylish dresses and skirts.
