Right now, the uncertainty of our nation is alarming. We are experiencing huge numbers of unemployment, leaving Americans feeling worrisome and panicking over what is next for the futures of their families. In this article, we are going to go over the best practices for navigating life in unemployment, as some guidance might be helpful for some. Keep reading.
With the constant fear of getting sick, the lack of activities available for you and your kids, and the anxiety surrounding a minimal cash flow, life right now is very difficult for some. For some, navigating these unknown waters of the coronavirus pandemic is foreign territory, but we are here to help.
The first thing you can do is protect your mental health. When it comes to your mental health, not being able to produce income can take a huge toll. No longer being able to pay for the basics, such as groceries, medication, and housing are valid reasons to be stressed out. There are numerous resources that assist with managing financial strain, and we are here to help you get started.
One of the first things you should do once you have been laid off due to the coronavirus is to apply for unemployment. This may help you reduce some of your financial stress, as well as help pay for some of the essentials.
Not only can the unemployment payments help you navigate this new normal, but you can also begin searching for other job opportunities. You might even find a job you like better than your last one!
Another thing you can do right now to manage your financial strain is create a budget. This way, you are able to review exactly what your wants and needs are. Taking care of the needs before the wants is the best way to budget, whether you choose to do so by hand or through a mobile app (such as Mint or YNAB). There are plenty of free resources you can rely on to help you straighten out your budget during this time.
If you are having trouble finding and landing a new job, it is important that you make sure your resume is up to date. Your resume speaks about you before you even have the chance to speak for yourself, so you need to make sure it is up to par for 2020’s standards.
As for your financial future, we know that the coronavirus pandemic has placed a lot of your lives on hold. We want you to know that we are here for you, and we would be happy to help guide you through the new path of your financial future. If you would like to speak to one of us about your finances, give us a call at 800.620.9330.