dealing with job loss and finances

How to Deal With Job Loss

Unprecedented events in employment opportunities over the course of the last year have created an upheaval in the way we earn income. Losing a job is stressful and that stress is aggravated by having to find creative ways to stretch a budget to cover expenses.

More stress is compounded because the bills don't stop even though the income has dropped off, leaving you looking for income while simultaneously reorganizing and reevaluating what line items are staples and what items are luxuries. Some expenses may even be added to your mounting panic such as health insurance that used to be company-paid. Your head starts pounding and you wonder how you are going to deal with all of this. Don’t worry. We’ll walk you through how to handle this unfortunate situation with grace. We’ll also cover how to find title cash that can help you out of a tight situation.

3 Ways to Deal With a Loss of Income

1. Thank Positive – Take Time for Self-Reflection

After you have given yourself adequate time to grieve the loss of your job, it is time to start looking at this opportunity in a different light. Have you always wanted to try something different? Would you be happier doing something else? Did put off learning something new because you didn't have the time?

Give some thought to what you really want to do. Odds are you aren't what you wanted to be when you grew up, so now is the time to reflect on what you would do differently and do it! Reorganizing your life and getting priorities in order can be extremely refreshing and revitalizing. Take comfort in that and immerse yourself in the new opportunity in front of you.

2. Work the Problem

Do what needs to be done. File for unemployment, dust off and update your resume for what you want to do, and earn extra money while you are working things out for your future destiny. If you own a car, put it to work as a relocation guru. Several companies hire the same day such as:

  • Uber
  • Lyft
  • Postmates
  • Instacart

You can start earning immediately on these platforms. Certain skills are also highly-coveted on freelance websites such as:

  • Upwork
  • Freelancer
  • Splice

Skills that you currently have can be perfected and monetized and the best part is that a lot of these freelance companies offer perks such as discounted insurance and groceries. Another great thing about these freelance opportunities is that they are great sources for networking.

3. Network Your Skills

Freelancing affords you the opportunity to meet a diverse population that may need your skills or knows someone who does. There is no better showcase for your skills than learning the ability to sell yourself and demonstrate your value by forming mutually beneficial relationships. To capitalize on networking, have a business card with your name and contact information with a memorable 2-3 sentence bio or skillset that you can hand out. This card will serve the purpose of:

  • A reminder that they met you and their impression of you
  • What you can do for them or someone they know
  • A way to contact you again, aka repeat customers

Businesses are built on networking and you never know who you will meet. The best business origin stories come from humble beginnings. And, if you find yourself struggling to pay the bills if you figure out your next steps, you can use your vehicle title for cash in Idaho as a way to help handle your emergency. Here’s how they work!

 

 deal with job loss tips

 

Title Loans Online

Title loans are a short-term loan option type that can offer you up to $15,000 in fast emergency money. They function by you offering a vehicle title for cash. They’re easy, fast, and can be accessible at the last minute, often on the same day that you start your application.

After you fill out a short online form where you input your contact and vehicle information, a loan representative will contact you to set up a face-to-face meeting during which you’ll have to supply a few documents, which include:

  • Your driver’s license
  • The title to your vehicle
  • Your vehicle for inspection
  • A blank check to your bank for the deposit

This entire process can take as little as 30 minutes, placing you that much closer to financial relief. Whereas traditional bank loans often have a long deliberation process, which won’t help you in the event of an emergency, Idaho title loans are among the fastest loans on the market. Don’t waste precious time searching for title cash near me. Visit our homepage today and get started on fast-tracking your money.

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.