The day you’re laid off can be one of the worst days of your life. If you are unemployed, you know how challenging the job market is and how hard it is to find a new job. One thing you may be worried about is your credit, and whether your credit will take a hit while you are unemployed. Here are some things you need to know about unemployment and your credit.
Evaluate Your Savings
Before you panic, you need to take a step back and come up with a game plan. How much money is in the bank? Do you have enough money to pay your mortgage and other bills for the next few months? Did you receive a severance package? Are you eligible for unemployment compensation? Either way you need to cut your expenses to the bone. Evaluate ongoing subscriptions, stop eating out, going to movies, etc.
Unexpected unemployment is a major reason why experts suggest having a cushion of savings of at least 3 months (and preferably 6 months or more). If you only have a few hundred dollars in your savings account, you may need to [Read more…] about Unemployment and Your Credit
As many people discover the advantages of taking classes online, more top-tier universities, such as Harvard, Yale and MIT are providing “MOOC’s” or massive open online courses . These online lectures are often available free of charge. Stanford has the most popular free course: Introduction to “AI” with 160,000 students from 190 countries.
As a general rule, payments that are made under an employment contract are taxable. This obviously includes salary, commission, bonuses, and holiday pay. Meanwhile, payments that are made by way of compensation are tax-free (up to £30,000). For example, damages for unfair dismissal or discrimination would come within this category. And so an important question is whether the PILON is contractual or not. Does your employment contract contain a clause that allows your employer to make a PILON? If it does, then the PILON should be taxed. Since it is being made in accordance with the employment contract.
Make your resume interesting by including some unique facts about yourself. If you start off with a small section called “Life Experience” and include a few interesting things you’ve done like hiking the entire Appalachian Trail or catching a 50 pound fish or whatever, it will make you memorable and give the recruiter something to ask you about if they call you in for an interview.
Whether the Quantitative Easing is actually having much of an effect on unemployment or not is a discussion for another day. But as we said in a recent article entitled: 
2) Cardiovascular Technologists and Technicians and Vascular Technologists – Cardiovascular technologists and technicians and vascular technologists use imaging technology to help physicians diagnose cardiac (heart) and peripheral vascular (blood vessel) ailments in patients. They also help physicians treat problems with cardiac and vascular systems, such as blood clots. This position only requires an Associate’s degree and the median salary in 2010 was $49,410. Available jobs are expected to grow much faster than average with an estimated 29% increase during the period from 2010 to 2020. One example of this type of position is an EKG Technician, certifications are available from a variety of different schools including 
The amount of the deduction that a taxpayer can claim for job hunting is limited. The IRS only allows you to deduct expenses that are in excess of two percent of your annual income for expenses related to job hunting. So if you are making $30,000/yr. the first $600 in expenses is not deductible. For this reason, it is important to keep meticulous records of every job-hunting expenses in order to get above the threshold.