Personal Finance
Surviving the Jobless Recovery
ShareThe road to economic recovery has started. On the other hand, the job market may still take longer to recover. That is why economists call the situation a jobless recovery. Many questions linger on people’s minds. How can the economy recover if unemployment rate is high? How can we survive a jobless recovery? Probability of [...]
Dealing with the Probabilities of Jobless Recovery
ShareDespite the economic recovery, unemployment rates may still continue to rise. Now at 9.5%, it is predicted to increase into double digits and remain that way until 2010. That is what jobless recovery means. The probability of this from happening is quite high as economists predict that finding jobs may be as difficult as ever. [...]
Positive Changes You Can Make During Recession
ShareThe effects of the recession today are felt on a global scale. Prices of goods are going up. Jobs are lost. More and more people lose hope and become depressed. In spite of the gloomy atmosphere that the recession has brought, some people are still hopeful and positive. Many have made positive changes in their [...]
Protecting your Job During Recession
ShareIn an economic recession, lay-offs, freeze hiring, and downsizing are all part of a stressful work condition. Surviving this ordeal is the name of the game. You must master the art of acting like a survivor, on your guard at all times as far as your work is concerned. Hold on to your job and [...]
What to Look for in a Lay-off Proof Job
ShareIn times of recession, one must be very careful in choosing a job to apply for. Make it a point to select the kind of job that will not suffer as bad as other jobs or industries do during an economic downturn. Go for the recession or lay-off proof jobs or industries to provide you [...]
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 [...]
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 [...]