How To Stay Afloat While You’re Out of a Job.mp4

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

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

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

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

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

00:16money on each month.

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

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

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

00:29more economical, and if your place is big enough, you could consider saving on rent by finding

00:33a roommate.

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

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

00:42payment, or if you have student loans, you may be able to apply for forbearance to put

00:46a hold on your payments.

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

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

00:54After all, you've been contributing to the program with part of your previous paychecks.