Find Your Dream Job: Insider Tips For Finding Work, Advancing Your Career, And Loving Your Job

Ep. 065: How to Manage Money When You’ve Lost Your Job, with Eric Rosenberg

Informações:

Sinopse

After you have fully processed what happened, your next step is to look at your budget to find your unnecessary expenses. Pull out large recurring expenses that may provide you enjoyment, but aren’t providing any tangible benefits. A cable bill is a good example of this. Every dollar you have saved becomes important if you are unsure of how long you will be without work. Other expenses which should be cut are things you can make at home for a lesser cost, such as coffees and meals. Your financial accounts should be used in the following order: Checking — Use this fluid money first. Savings — Banks pay little to no interest in these accounts. Stocks — Sell off stocks if they are outside of a retirement account. 401K/IRA — Use this option only as a last resort. Do you have student loans? Eric says no matter which type of student loan you have, federal or private, you should notify the lending institution that holds your loan. Many times, during hardships these institutions offer deferments, which lower