When you’re faced with unemployment it’s hard to think about your budget, but PennyGem’s Justin Kircher has some ways to get through these times.
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LearningTranscript
00:00 "It's something that happens to almost everyone, but that doesn't make it any easier.
00:08 When you're faced with unemployment, it's hard to think about your budget, but here
00:11 are some ways to get through these times."
00:13 The dough roller suggests going through your records to see what you're spending your money
00:17 on each month.
00:18 The website says taking this action will let you better decide what you should be spending
00:21 your money on so you can figure out where to cut back.
00:25 From shutting down your streaming or cable to selling or trading in your ride for something
00:29 more economical.
00:30 And if your place is big enough, you could consider saving on rent by finding a roommate.
00:34 Money Crashers adds that you should look at your debt to see what you can put off paying
00:38 right away, but add it to discuss it with your credit card company, which could lower
00:41 your payment, or if you have student loans, you may be able to apply for forbearance to
00:46 put a hold on your payments.
00:47 The site points out that if you haven't already, get in touch with your state's unemployment
00:51 office so you can get benefits as soon as possible.
00:55 After all, you've been contributing to the program with part of your previous paychecks.
00:59 (upbeat music)