Lost Job - Running out of Money

Question

My husband lost his job two months ago and we are running out of money. We are both actively looking for work (I've been a stay at home mom) but we have not had much response yet. What should we do financially to keep afloat. We have been advised to continue to pay on any secured loans (like our car) and for our rent but as far as everything else goes don't worry about it. We have disconnected cable, cells, and everything else we can live without. Now we are just trying to eat and keep a roof over our heads. What have you done to survive a layoff? Who did you pay and not pay?

Answer 1

First off file for unemployment. All the years you have contributed to the unemployment fund it's time for you to reap the benefits for this. Don't worry you are not abusing the system. This is what its set up for. Second, I would search around your house and sell the items on ebay. I went through my garage and basement selling old stuff I didnt need and I was able to come up with about $2500. out of stuff I thought was just junk. Remember one mans trash is another mans treasure. Also as a short term solution you can always find work at a local restaurant waiting on tables. This should be good for at least $100 cash per night. Good luck with your job searches.

Answer 2

You could check out this website. You just take surveys and get a fair amount of money from taking them. http://www.AWSurveys.com/HomeMain.cfm?Re...

Answer 3

I think you are doing the correct things. Maybe you can do some babysitting on the side. Put some ads up in your area.  

Answer 4

I've been there.

You have to pay your loans. If you default on those, it will be reflected on your credit score and credit report.

Priceless advice: Jobs are risky due to unexpected layoffs. Therefore, you should learn how to create more than one source of income. It could be with ebay, stock options, or real estate, when you have more money. When you get out of this situation, you don't want to get back in it. And since you are currently not working, it will be a good investment to read books about financial intelligence, so you will never again struggle financially.