up for unemployment the very day you lose your job.
There is a waiting period of one week from the day you lose your
job until you
qualify to collect
unemployment benefits. Then after you complete the
unemployment application process and you qualify for unemployment there will
still be another period of
time before you start receiving benefit checks. From
the day you apply for benefits it could take up to 3 weeks before you receive
your first check. Signing up immediately via the Internet or over the phone
allows you to minimize the length of time you will go without any income at all.
Protect your credit
Having access to inexpensive short term
credit could be the safety net you need
during this hard time. If you need to move into less expensive housing your
credit rating will most likely play a factor in the process. Some employers use
credit reports as one factor in their hiring decisions. Your credit rating also
determines the amount you pay for insurance on your home and car, the interest
rates you get, and if you qualify for new credit and how much.
Be careful not to start subsidizing your lifestyle with credit. Opening new
accounts, closing accounts, exceeding 50% of your credit limit, or paying late
all have varying degrees of negative affects on your credit score which could
mean higher costs in other areas.
a gym membership.
A gym membership will give you many advantages if used properly while
unemployed. It will get you out of the house everyday. You will meet new people
with whom to socialize and network. Exercise is proven to elevate your mood and
keep you healthier. Many gyms will have daycare for children, provide locker
room and shower facilities, provide wi-fi access, and offer affiliate
to other retailers associated with the gym or neighborhood.
Protect your health.
Those who lose their job often report feelings of depression, which is just one
trigger that can lead to sickness. Becoming sick while unemployed could lead to
even harder financial challenges. Think about your ability to pay for unexpected
health care. Make even more effort now to eat nutritious food, exercise, and
practice preventative medicine.
Who will hire you in your living room? You need to get out of your house and
comfort zone and start knocking on doors and shaking hands. Not only will you
prove you are ambitious and will work harder than other applicants by showing up
at employers' front doors, but you will be in a better mood by being outside and
Thought staying at home and using the web was a more efficient way of finding a
This story on CNNMoney.com makes the point that
a pathetic 4% of open positions were filled by referrals from CareerBuilder.com,
a major player in the job website business.
your new greatest asset.
You may not have a steady paycheck right now, but you do have a lot more of
another asset: your time. Before, you are trading your time for a paycheck. Now
you have much more time with which you can invest in yourself. Of course you're
going to be looking for a new source of income, but now you should learn new
work skills with a
part-time temporary job, increase the value of your home by
touching up itsí curb appeal, or take classes to enhance your education, for
things you should consider doing.
Get a AAA card.
There are many
discount and membership cards that you can buy for yourself, but
the AAA card stands out. In a sense it's a discount card and an insurance card
for one price. Now that you're watching your budget even closer you want to
protect yourself from financial loss because of breakdowns or accidents. Your
AAA membership will provide you security against many automobile problems.
Additionally, there are also hundreds of retailers that give a discount to AAA
members on top of their best offers. Also, many pharmacies will discount your
prescription costs when you present your AAA card. They will even do it for pet
medicine. Overall, keeping the AAA card handy will help keep or lower expenses.
Get internet access.
Web access will allow you to find cheaper prices, better values, and more
Use the internet access at the unemployment office, library, or wi-fi hotspot if
you need to, but be sure you get online. Use the internet not just to find
employers, but to let them find you. Donít rely on a Monster, LinkedIn or
Facebook profile to pitch your resume, rather stand out by creating your own
free website through Blogger that showcases your resume and talent. Look at this
a library card.
You will quickly find that the library is a tremendous resource while
unemployed. A well equipped library can serve as your office which offers
meeting rooms, copying and printing services, wireless internet, computer
equipment, and various other office equipment.
Many libraries will also provide hundreds of resources to help you find a job,
in addition to providing nearly any book, magazine, or newspaper you want
whether it be in print or digital format. The Allegheny County library system,
for example, is comprised of 80+ libraries and allows you access to thousands of
movies, audiobooks, and CDs. The state of Pennsylvania also provides library
patrons with access to job hunting help via their computer network.