5 Tips to Manage House Payments While You’re Unemployed

Manage Mortgage When UnemployedWhile you may not look forward to going to work every morning, it does provide the income that you need to make the mortgage payment. However, if you are out of work, it doesn’t mean that you should immediately look to sell the family home. Obviously, the best solution would be to plan ahead and pay into an emergency fund which optimally would cover 6 months of living expenses. But what if you weren’t that farsighted?

Here are some ways to manage the mortgage payment until you can get back to work:

1) Apply for Unemployment Benefits

The first thing to do when you become unemployed is to apply for unemployment benefits through your state unemployment agency. Often it takes time to be eligible for benefits or to wade through all the “red tape” before you actually get your benefits. So it pays to start early. Unemployment benefits vary by state with high cost states like Massachusetts paying as much as $993 per week for 30 weeks. But most states limit benefits to a maximum of 26 weeks  and pay less than $500 per week. Note: While you are collecting unemployment benefits might be a good time to acquire new skills that make you more employable. See: Highly Skilled Worker Shortage in a Recession?

2) Call the Lender

The next thing that you should do is [Continue reading]

When is Moving for a Career Worth It?

In the current job marketplace, more people are being forced to consider relocating in order to either find the job of their dreams or even just to find any job at all. With every passing year, the idea of remaining with the same employer for decades has become more the exception and much less the rule. While moving on to greener pastures can be alluring, knowing when to make the leap is important. To determine whether or not relocating is the right call to make, it pays to keep the following things in mind.

New Expenses

Consider the difference in the costs of living between [Continue reading]

Unemployment Inches Up

The U.S. Bureau of Labor Statistics (BLS) announced on Friday January 6th, 2017 that the seasonally adjusted unemployment rate for December was 4.7% up from 4.6% in November. The unadjusted U-3 came in at 4.5% up from 4.4% in November. Gallup on the … [Continue reading]

Is the U.S. Really at “Full Employment”?

U6 minus U3

Back in February of 2016 Fortune magazine published an article entitled "The U.S. Economy Is Finally at Full Employment"  and then in May CNN-Money published an article entitled The U.S. is 'basically at full employment' quoting San Francisco Federal … [Continue reading]

Whose Unemployment Numbers are Right?

BLS vs Gallup Unemployment numbers

The Bureau of Labor Statistics (BLS) and the Gallup Survey people both generate numbers to help us understand the employment/unemployment situation. Unfortunately, they often present a different picture. Typically the BLS data presents a rosier … [Continue reading]

How to Increase Your Earning Potential

We all seem to be too busy, you know how hard it is to find extra time in your schedule to plan any new projects. This is a common problem for people who want to increase their earning potential. You want to improve life for your family, but fitting … [Continue reading]

4 Tips For Avoiding Unemployment and Achieving Professional Success

The economic collapse of 2008 taught us that job security is really just a fleeting illusion. If you were to lose your job, would you be able to find another? Would your passion and drive make you stand out when compared to other job … [Continue reading]

November Unemployment Rates- Economic Confidence Up After Election

Gallup Economic Confidence

On Friday, December 2nd the U.S. Bureau of Labor Statistics (BLS) released their Employment and Unemployment data for the month of November. According to the BLS numbers Seasonally Adjusted U-3 unemployment was 4.6% down from 4.9% in October. … [Continue reading]

10 Careers Off the Beaten Path

Unusual Jobs

Law, medicine and engineering are traditional professions promoted because they are known to provide good salaries and stable employment. People have been led to believe that if you get into any of these fields you are guaranteed to get rich. This is … [Continue reading]

5 Rewarding Careers in Economics to Consider

According to Dictionary.com Economics is "the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind." Some courses a person majoring in economics may take include finance, … [Continue reading]