Financial

So much of what we hear about when it comes to unemployment or being unemployed, is the jobs aspect of these stark realities. The often overlooked and/or under discussed situation that matters most is how to deal with your finances to stay afloat when finding yourself unexpectedly unemployed. Yet it can be difficult to find information that can actually be instituted into a person's daily routine and actually make a difference. Here at Unemployment Help, you will find not only articles pertaining to unemployment, but additionally, the very real aspects of how to adjust and maintain your lifestyle while living on a reduced or severely limited budget. With this is mind, you will have the ability to locate a large number of broad financially related articles aimed towards those who find themselves unemployed such as, "Bankruptcy Options for the Unemployed", "Taking Stock of Your Finances" and "Step-by-Step Guide to Student Loans". These are just some of the many different articles that will assist you in maintaining your financial and emotional security throughout these difficult times that unemployment has brought to you.

Bankruptcy Options For The Unemployed

In what can only be called one of the worst extended economic crisis’ this country has seen since the great depression, with millions of people out of work and with seemingly no hope on the horizon, the only option for many of the unemployed out there is bankruptcy. Though, the decision to file for bankruptcy should never be rushed into, and should only be utilized as a last resort, it is a viable and logical option and for those who have decided to go that route, there are a few things you should know.




Frugality is Key

It may seem obvious to those who find themselves unemployed that saving money is now more than ever, of the utmost importance. However, you would likely be surprised to hear how many people lose their jobs and yet don’t adjust their spending habits accordingly. Even if you are receiving unemployment benefits, it is likely that this is not enough in and of itself to allow you to maintain your lifestyle. Even for those who aren’t unemployed, being frugal and saving money is always a smart decision. Now, don’t confuse being frugal with being cheap.




How To Make Some Extra Money When You Are Unemployed

Being unemployed can take its toll, not only on your career, but also on your finances, your skills, and even your motivation. Watching bills pile up and your bank accounts dwindle can be utterly demoralizing. Spending all day writing cover letters and answering job ads (most of which you will get no response from) can drain your will to live. Sometimes, all you want to do is feel useful again. Fortunately, there are a few ways to make some extra money while you are unemployed. You probably won’t make enough to live comfortably on, but here are some ways to keep the cash trickling in while you work toward your next permanent gig.




Instant Ways to Reduce Your Monthly Bills

One of the biggest worries when you’re unemployed is how you are going to pay the bills. Having to shell out money every month for your power, phone, and other utilities can cause a good deal of anxiety, especially when you have little or no income to pay them with. Here are a few simple things you can do right now to take a bite out of your monthly bills.




Rental Assistance for the Unemployed

The first thing that races through your mind when you lose your job is “how am I going to pay rent?” Whether you rent or own, housing is the single biggest monthly cost for most people, and certainly one of the most crucial.

There are a few government programs to help renters find and pay for affordable housing, or to provide financial help to renters who want to stay in their current homes. If you currently own your home, but can no longer afford your mortgage, there are programs to help you transition to more affordable rental housing.




The Simple Guide to Setting a Budget While You're Unemployed

Cash flow is a major concern after you lose your job. Your income slows to a trickle or even a stop, and your bills seem to be a hundred times bigger because you have less cash to pay them with. But if you budget your money effectively, you can make it last longer, and have some left for when you really need it. Here are a few things to keep in mind when putting your budget together.




Taking Stock of Your Finances

For obvious reasons, your personal finances will be among your biggest concerns while you are unemployed. Your bills keep coming every month, and you still need to feed, clothe, and shelter yourself every day, even though you have little or no regular income. You may even have debts that you figured you would eventually pay off back when you had a job. All of these factors can cause fear and stress to distract you from your main priority of getting back to work.

Fear is mostly a response to the unknown. Having a clear idea of what you’re up against makes any problem easier to tackle, even if you’re not immediately sure how to do it. That’s why one of the first things you should do after your last day of work is sit down and figure out exactly how much money you have, where it is, what it’s doing, and how and when you can access it if you need to.




Financial Advice for The Recently Unemployed

It is a scene being repeated day in and day out, across a broad range of industries, corporations and small businesses alike. Cost-cutting in this poorly performing economy is something that nearly all companies are placing a high priority on. Known as downsizing, cost-cutting, layoffs or “restructuring”, whatever you call it, it always results in the same thing. More people finding themselves out of work and an accident away from staggering financial hardship, if they don’t already find themselves there already! So the question then becomes, how does a person survive this extremely difficult time that unemployment brings? Here are few strategies and advice that will provide you with a plan of action to allow you to maintain your financial and emotional security when finding yourself unexpectedly unemployed.




Financial Assistance Options for the Unemployed

Unemployment can put many people in a tough financial position. Although it is recommended to have a savings with enough money to live on for six to 12 months, many people do not have the resources to save that much and, even if they did, they may not find a new job within that time. Therefore, the unemployed often have to seek other financial assistance in order to pay their bills.

Financial assistance options for the unemployed include unemployment benefits, food stamps, Social Security disability or Supplemental Security Income payments, energy assistance and Medicaid. There are also organizations like the Salvation Army and local churches that may also be able to provide financial assistance.




Financial Strategies During Time of Unemployment

If you are one of the millions who find themselves suddenly unemployed or have had their working hours cut severely to the point where they can’t maintain their lifestyles, you know all too well the stress and worry that comes along with such a predicament. As such, in the coming days, weeks and months, you have two equally important and essential “jobs” to do. Your only focus should be one, maintaining and managing your financial security due to your current loss of income, and two, maintaining and managing you emotional health as well. With this in mind, here are some essential steps to help you take care of both of these aspects of your life that you so vitally need to address when finding yourself unemployed:




Important Steps to Take When Unemployed

There are few fears that many people experience that can stir the panic and fear inside of a person like, either suddenly or not so suddenly losing your job and finding yourself without a steady and consistent source of income. With it taking many people months and sometimes years to find another employment opportunity, your most prized and valuable possessions may be lost for good due to a wide variety of reasons. Don’t allow yourself to worry about losing your home, here are some feasible and relatively simply instituted strategies to keep yourself afloat during this time of unemployment.




Simple and Realistic Financial Strategies for the Unemployed

Developing a strategy or a plan of action when becoming unemployed is both essential and difficult at the same time. For many, losing their employment status leads to quickly dipping into and emptying of their bank accounts leading to bankruptcy and more hardship than ever previously imagined. Developing and instituting a strategy to nullify the negative effects of losing your job can be the difference between maintaining your lifestyle or losing everything you have spent so long building up! For many if not most, it can take a while to find a new employment opportunity, so creating a sensible plan of action can and will help you tread water financially and emotionally until you are able to get back on your feet and turn things around.

In your new or current unemployment situation, you will quite simply need to make less money last longer and go further than it ever has before. Now is the time to be frugal, but not necessarily cheap. By remaining focused on your long-term financial health and viability you will be in a far better situation in every possible way to ride out this personal storm you find yourself in. Here are some easily instituted and utilized financial strategies for the unemployed:




Low Income Housing Assistance

How to Get Affordable HUD Senior Housing

Seniors who have low incomes have several options to receive affordable housing. One option is to find out if you are eligible for HUD senior housing and to start looking for programs and housing choices. There are several specific steps you can take to secure affordable housing apartments.

Determine Your Eligibility

To qualify for HUD subsidized housing, seniors have to be 62 or older. Even though the low income qualification will vary by state, low income usually refers to seniors who earn 50% or less of the median income in that local area. It might be necessary to contact a local housing professional for more details about qualifications, programs regarding HUD assistance, and the application process.




Financial Planning in Times of Unemployment

The first step you should take is preventative. While you have a job, you should be putting 10% into an emergency savings account. It is a good idea to save at least 3 months-worth of expenses in that account, and in this rocky economy, 6 months-worth. This will help support and pride for your family during unemployment.. If you have not done this, but are given advance notice of your dismissal, use this time to set aside a portion of your income now. If you didn't save money before, and you don't receive advance warning, it is still okay. While your unemployment may be more difficult than others, you will still survive.




Vital Advice for the Unemployed

While the recent economic news was better than we have gotten accustomed to, the fact is there are still millions people who find themselves out of work and many more who are now being classified as “underemployed”. Simply put, we have a long way to go before the pain and suffering of millions of jobless begins to truly subside and the so-called recovery, will truly finally be complete. Here are a number of essential tips that anyone who finds themselves unemployed needs to take into consideration for their sake, and the sake of their families:




Addiction Help for Unemployed

If you are suffering from addiction and you are unemployed you may qualify for free addiction treatment. If you are addicted to heroin, cocaine, alcohol, pain killers, opioids or anything else, we can help. There are hundreds of programs you can consider for treating your addiction. Most of the time insurance or a government program will cover the cost. This includes residential programs and in home treatment. Listed below are several options to consider.


Top Nationwide Programs:
Hazelton Betty Ford
Carter Foundation
Ocean Breeze
Benchmark Recovery
Behavioral Health of Palm Beach
Phoenix House

Even if you don't have the right insurance we can help. Drug rehab treatment doesn't have to be expensive and there are no cost and low cost government programs to help unemployed Americans get treatment.


These programs listed on this site are perfect for unemployed Americans to consider.
Top Programs for Unemployed Americans:
Passages Malibu
Arizona Wellness Retreat
Western Addiction Treatment

Also, please feel free to check out the rest of our site for interesting resources for unemployed Americans.



Addiction Help for Unemployed Americans

If you are suffering from addiction and you are unemployed you may qualify for free addiction treatment. If you are addicted to heroin, cocaine, alcohol, pain killers, opioids or anything else, we can help. There are hundreds of programs you can consider for treating your addiction. Most of the time insurance or a government program will cover the cost. This includes residential programs and in home treatment. Listed below are several options to consider.


Top Nationwide Programs:
Hazelton Betty Ford
Carter Foundation
Ocean Breeze
Benchmark Recovery
Behavioral Health of Palm Beach
Phoenix House

Even if you don't have the right insurance we can help. Drug rehab treatment doesn't have to be expensive and there are no cost and low cost government programs to help unemployed Americans get treatment.


These programs listed on this site are perfect for unemployed Americans to consider.
Top Programs for Unemployed Americans:
Passages Malibu
Arizona Wellness Retreat
Western Addiction Treatment

Also, please feel free to check out the rest of our site for interesting resources for unemployed Americans.



Education Help for Unemployed Americans

If you are unemployed it is the perfect time to consider going back to school. there are lots of online education programs you can choose from to get training while you are not working. Several of the programs have government funding that can pay for your degree so the programs won't cost you anything. You can get online degrees or go to a normal school. Some of our favorite programs are


Top Nationwide Programs:
Nursing Degrees
Criminology Degrees
Psychology
Massage Therapist
Business Degrees
Online MBA

Even if you don't have any money you can get government funding to pay for these programs while you are unemployed. You should check them out today so you can see if there are some that are right for you. All of the online education programs can tell you how many of their graduates get jobs and what salaries they earn after taking the program, so be sure to ask the degree counselors you talk to and make sure the school you select will get you the job you want.
The schools listed below are the ones we recommend for unemployed Americans.
Top Programs for Unemployed Americans:
UMass Online
University of Arizona Online
Northeastern University
Boston University

Online education and degree programs can significantly increase your ability to get high paying jobs. We think they are one of the best activities to pursue while you are unemployed. Also, please feel free to check out the rest of our site for interesting resources for unemployed Americans.




Gig Work for Unemployed - Uber, Lyft, Task Rabbit, Instacart, Postmates and Doordash

Getting part time work with Uber, Lyft, Task Rabbit, Instacart, Postmates or Doordash can be a great way to earn income while you are unemployed. Uber drivers can earn hundreds of dollars per week while only working a small portion of the week. Lyft offers similar compensation. They also offer generous sign up bonuses that make it very appealing to give them a try. You should visit their sites to see the special sign up bonuses they are offering. Our favorite part time / gig economy companies are:


Top Gig Economy Companies:
Uber
Lyft
Task Rabbit
Postmates
Instacart
Doordash

Depending on how much money you are making you might still be able to collect unemployment while you work for these companies. You need to consult your state unemployment office to be sure, and the rules are different for each state. If you do take one of these jobs you can also use it as a resume booster and you can list the job several different ways. Check out the different jobs below:
Potential Job Descriptions:
Uber Driver
Expert Shopper
Small Business Owner
Self Employed

We highly recommend trying out some of these gig economy jobs while you are unemployed. Also, please feel free to check out the rest of our site for interesting resources for unemployed Americans.

Financial