Business
Recession-proof Your House Budget
ShareMake your budget immune against recession by calculating your fixed costs and by identifying how much you need monthly for your basic needs, mortgages, basic utility bills, and credit card minimum due payments. Once you’ve computed how much you need to have to get by, you can focus next on declining, if not totally diminishing, [...]
Networking for Recession-proof Job Hunting
ShareThe best way to find that perfect recession-proof job during an economic downturn is to network your way to that dream job. There is no guarantee that you will find a recession-proof employment, but the best thing to do is to develop a group of contacts that can give you some career information that will [...]
Top Career Shifts During Recession
ShareSome of the fastest growing jobs despite the recession include the jobs such as environmental scientist, hydrologist or geoscientist, and mathematician jobs. It means that the jobs of scientists, such as physicists and biologists, as well as jobs such as actuaries, statisticians, accountants, and software engineers are the top careers during a recession. The problem [...]
Dealing with Home Foreclosure when Suddenly Unemployed
ShareIf you’re faced with the threat of foreclosure, immediately seek advice from both non-profit agencies and for-profit companies that specialize in preventing foreclosure, and they can certainly help you restructure your mortgage. This will surely take that heavy baggage out of your chest, until you land into a high-paying job again, and therefore pick up [...]
Difficulty of Looking for a New Job During Recession
ShareRecession brings about impermanence. Whether you’re a business owner, an entrepreneur, or an employee, the unemployment that recession brings affects you. You get laid off from work; companies shut down operations; and there are job cuts everywhere. And it makes job searching even more difficult for you. So, if you are a victim of a [...]
Paying for Car Loans when Newly Unemployed
ShareSince unemployment is on the rise during this time of economic recession, more and more people are finding themselves out of a job yet with so many bills due for settling each month. One most common dilemma faced by professionals affected by the global crisis is the paying of their car loans. And as much [...]
Saving for your Kid’s College Education During Recession
ShareTruth of the matter is, it is challenging for many parents to save some money for their child’s college education, especially during a recession. So, for the meantime that we are experiencing a global crisis, the best thing to do is to start early with your saving habits, no matter how small your potential savings [...]
Dealing with Credit Card Debts without Regular Income
ShareAre you one of those people having problems dealing with credit card debts because you don’t have any regular income coming in? Well, read this and find out how you can put a stop to the incessant ringing of your phone as customer service reps persistently ask when you will pay for your minimum dues. [...]
Claims for Unemployment Benefits
ShareWith the economic recession affecting the world, you hear news of layoffs and companies closing. Job loss and unemployment statistics are on the rise. But you are not beyond help since you can claim for unemployment benefits from the state. These funds can help you stay afloat for a time until you find yourself back [...]
Dealing with Mortgage Payments when Unemployed
ShareHome foreclosures are a reality now more than ever. And tied with the layoffs and the high number of unemployed, meeting mortgage payments is not easy for some people. If you’re one of those who have lost their jobs and has mortgage to pay, there are things that you can do to keep your home [...]
Dealing with Child Support when Unemployed
ShareLosing a job is a tough time for anyone. You get stressed since you don’t have any source of income, and you’re worried about keeping your commitments and responsibilities. Especially if you’re paying for child support, you’d be worried about making the payments for child support, and the legal implications that not making the payment [...]
Becoming a Lay-off Proof Employee
ShareEven if you didn’t lose your job in the last round of layoffs, it is still a stressful time for you. Though the situation may seem to have improved, the economy will still take some time to recover. You don’t know when your number will be called. It may be tough, but that is the [...]
Dealing with Your Company’s Impending Closure
ShareWith companies going bankrupt week after week, it is not an utter impossibility that your company is next in line for the chopping block soon. Downsizing, outsourcing, and other ways for companies to cut corners churn out hundreds of unemployed workers week after week, and this takes a toll not only on them but also [...]
Coping with Stress from Sudden Unemployment
ShareUnemployment is a recent and growing problem that is expected to reach the double digits in 2010. Global economies, which were predicted to contract, are already experiencing labor pains. More and more individuals and families are trying to cope with reduced salaries, lost jobs, and the changes that come with having less money to spend [...]
Feeling Hopeless in Times of Recession
ShareThe economic recession can create the perfect breeding ground to anxious feelings of uncertainty, depression, and hopelessness, especially in those who feel like they have done everything they could to tide themselves over the financial downturn, but are still struggling to survive. Losing a job and a home and having to depend on others for [...]
Preparing Yourself for Economic Uncertainty
ShareWith the recent economic downturn, it is not impossible that financial troubles will hit workers and their families faster than they expect. Lay-offs and displacement cause drastic changes in the finances of families who may have to contend with the fact that there is no longer a stable source of income, or that they may [...]
Worried About Losing Your Job to Outsourcing?
ShareThese days more and more companies are transferring their jobs to other countries for cheaper labor costs, resulting in loss of jobs at home. Outsourcing, despite being seen as one of the answers to the struggling US economy is also seen as a source of heartbreak and anxiety for most American families who see family [...]
Facing Your Fear of Getting Laid-off
ShareLay-offs have become an everyday thing in today’s economy, with companies trying to cut costs and avoid bankruptcy. If your company is in dire straits and you can see yourself getting the pink slip very soon, there is every reason to worry. However, this does not mean you cannot do anything about it. Losing your [...]
Paying Child Support Expenses when You’re Bankrupt
ShareDivorces may legally separate married couples but it doesn’t break the responsibility a parent has for his or her child. Child support is needed when the parent with custody does not have the adequate resources to support the child. However, if the parent paying child support declares bankruptcy, does it mean that the child will [...]
Debt Repair Scams: What You Can Do when You’re Victimized
SharePeople nowadays are losing money and property not just because of the recession, but also because of the countless debt repair scams that promise to help them clear their credit histories. Many of these scammers usually go the online route, sending emails to individuals advertising their capabilities. However, bad points in your credit history cannot [...]
Responding to Medical Emergencies even without Insurance
ShareAs unemployment rages on in the US, more and more people are losing their ability to afford medical insurance. However, sicknesses such as cancer, heart conditions, and other degenerative diseases don’t choose to afflict someone because of his or her employment status. If you’re one of the unfortunate thousands who are unemployed or cannot afford [...]
Facing Risks Associated with Refinancing Loans
ShareThe global recession has affected millions of people in corporate America. As unemployment rates soar, bankruptcies and foreclosures go up as well. Homeowners who haven’t finished paying off their mortgages find themselves face to face with the possibility of losing their homes. However, they can still take some steps to save their properties from repossession. [...]
Paying Your Mortgage when You’re Unemployed
ShareThese hard times have certainly put a lot of people under dire financial status. As unemployment is on the rise, the rate of foreclosures and bankruptcies also go higher. Those who have spent many years paying for their homes suddenly find themselves losing their memories and shelters to foreclosure, as mortgages are not paid when [...]
Dealing with Money Issues in Divorce Settlement
ShareDivorce does so much more than just sever the marital ties between a married couple. It shatters a family emotionally, mentally, and financially. In these times, it’s even harder to settle divorces and not worry about the finances. One will have to mind the alimony to think about, child support, and even the bills to [...]
When Your Credit Repair Plan Limits Your Personal Budget
ShareIf you’ve ever had a foreclosure or a bankruptcy in the past, your credit record is sure to be spotty. Lenders, landlords, and even employers may think more than just twice before putting their trust on you because of your credit history. However, you can’t really do anything about it aside from improving your present [...]