Helpful Money Saving Tips for Unemployed
Friday, July 31, 2015, 6:00 AM | Leave Comment
Life always puts you in different situations to make you solve problems and the most common issues always deal with money and your financial life. So if you find yourself in front of financial necessity with no savings and no regular income, as you have been fired from the last working place, you will definitely need mental and informational support.
Check the list of possible solutions for this complicated situation.
Dealing with financial emergencies is always hard. If case of urgent money need you can contact Personal Money Service company and get extra costs for any needs and life events. But it’s worth keeping in mind that it’s worth fixing money issues through borrowing money only in emergency occasions.
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Check and Use Local Resources
In case you haven’t got unemployment yet, you still can find appropriate services for fulfilling basic necessities. There are special organizations that can provide you with accommodation and food, so it’s possible to save money.
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Find Appropriate Transportation
It’s not the right time to continue driving your car, as gas eats out a huge part of your budget. Public transport will definitely fulfill your daily movements for cheaper price.
Also it is always beneficial to buy a monthly pass, so you won’t calculate each usage of a bus. Moreover, you can find special offers and discounts for unemployed people or families with low income.
The other possible option is using a bicycle. If you don’t have one, you will definitely find a rent service in your city.
Don’t forget that monthly rent will cost cheaper for you! However, if you still need to use your car, you can find a gas station that offers discount on groceries in definite stores. In such way you can still drive your car and save money on necessary purchases like food and house goods.
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Quit Bad Habits Costing You Money
When you lose a job, you can feel really upset and depressed. Many people find the only solution in smoking or alcohol. Besides these habits are unhealthy, they destroy your budget.
And there is no sense to look for salvation in alcohol and recreational drugs, as they can just make your situation worse.
In case you don’t have such spending habits, you can easily point out your own spending problems and try to prevent them.
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Cook for Yourself
Despite the cheap prices at fast-foods, in a long run such food will cost you great sums and your health. That is why it’s always better to cook at home and decrease possible events of eating out.
Also you should plan your weekly meals to make a list for shopping in order to buy some necessary items in bulk.
The other great saving option is using coupons, so don’t be ashamed to save in such way. You can also find many different ways to save money on groceries in the Internet or local stores, as they always attract clients by offering special deals and memberships for lower prices.
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Negotiate Reduced Payments
When you have just lost your job and have no income, you have no possibility to pay rent or mortgage. That is why the first thing you have to do is contacting your landlord or mortgage agent for changing terms of your payments.
When you describe your situation, most people would like to help you to find appropriate solutions so you should not miss your payments worsening your credit history and earning extra charges for future.
Just be honest about your financial necessity, and you will definitely get new payment plan that you can accomplish.
The same step should be made with possible student loan and credit cards. You can put your student payments in temporary forbearance. Make sure you still make minimal payments for your credit cards to avoid possible penalties.
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