finances

Stretch Your Dollars While Between Jobs

September 7, 2019 by Tim McMahon

Being in between jobs can have you worrying about how you’re going to pay your bills. Fortunately, there are ways to stretch your dollar so that you can sustain yourself financially until you can find more work. These tips can help you preserve your finances while in between jobs.

File for Unemployment

It seems unemployment always lasts longer than you think so, the first step when you become unemployed is to always file for unemployment if you are eligible (even if you think you will only be unemployed for a short time). Remember there is processing time before your benefits start and if you wait too long you might miss out on some benefits. Also, be sure to keep up with your paperwork so you don’t miss some benefits during your unemployment. These days you will probably be able to file online so the process should be relatively quick and painless. However, if you have a special situation you may have to call or visit your local unemployment office. Be sure to check to see how much your state allows you to earn and still be eligible to receive unemployment. Then you can consider picking up some side gigs.

Cut Expenses to the Bone

Generally, unemployment benefits don’t equal your previous salary so [Read more…] about Stretch Your Dollars While Between Jobs

Long-Term Disability Benefits: How to Manage Finances after an Injury

November 27, 2017 by Guest Contributor

When you’ve been injured, life can change dramatically, temporarily or permanently. A decreased income can often lead to a lot of financial stress, making recovery more difficult. There are a few things you can do to ease the stress.

Create a Budget

There are two steps to this. First, create a budget that outlines all of your current expenses. Then, create a budget that works for your new, reduced income. Look at the first budget to see which, if any, of your current expenses can be immediately cut.

Refinance or Ask for a Forbearance on Your Mortgage

If you own your own home, [Read more…] about Long-Term Disability Benefits: How to Manage Finances after an Injury

What Happens to Your Finances When You Go out on Workers’ Comp

June 3, 2017 by Guest Contributor

Workplace injuries can and do happen to many people each day. While those who work in high-risk or dangerous jobs are more likely to suffer from a workplace injury, the reality is that issues like falling, tripping and more can happen to any worker at any time. Workers’ compensation insurance is designed to help injured workers pay for their expenses while they are recovering from an injury. However, it is important to understand more fully what happens to your family’s finances when you are out on workers’ comp. This understanding may inspire you to take action to address a possible issue before you find yourself in dire financial straits.

Your Medical Expenses May Skyrocket

Many workplace injuries result in substantial medical bills in a very short period of time. These bills may [Read more…] about What Happens to Your Finances When You Go out on Workers’ Comp

Do You Know the Tricks to Making Money After You Lose Your Job?

January 25, 2012 by Guest Contributor

Millions of consumers suffered job loss and unemployment after the recent economic meltdown in the US. The way you manage your financial situation will determine whether a job loss and unemployment is a temporary set back or it is a potentially life-changing disaster. The decisions you make now might have an immense impact on your financial future. Therefore, if you are unemployed then you should start looking for a way out to make money so that you do not incur overwhelming debt and enroll in a debt relief program.

When you are unemployed, you still have to pay rent, utilities, as well as health costs and to top it all somehow afford groceries. Unemployment benefits will not last for long, so there’s little cushion.

There are ways for the unemployed to pick up some additional money and avoid complicating their financial situation. Here are a few financial strategies to help you stay afloat and maintain your pride: [Read more…] about Do You Know the Tricks to Making Money After You Lose Your Job?