The COVID-19 crisis shattered everything we knew about work, with companies across the globe closing down or moving operations online seemingly overnight. In the U.S., both the federal government and individual states responded with relief packages that, among other things, expanded unemployment. But some states are starting to end extended benefits, so your unemployment may be running out. Here’s what to do before your unemployment ends.
Cut Your Budget
Before your benefits run out, take a hard look at your budget. Is there anything you can end temporarily in case you have to survive for a few weeks without a paycheck? Maybe you can suspend your cable television account, put off travel, or reduce your grocery bill. If you don’t have any savings to get you through, don’t be afraid to reach out to food banks and other social services providers. In these unprecedented times, you won’t be alone.
Talk to Your Creditors
Many types of creditors have emergency programs that can help you out in the short term. Students loans can be placed in forbearance or deferment status. Utility companies, including cell phone and internet providers, typically offer payment arrangements that extend how long you have to pay. Credit card companies, mortgage lenders, and even landlords may also offer relief programs. It never hurts to ask, and the worst thing you can do is skip payments without contacting the company first, as this can damage your credit long-term.
Take a Temp Job
Many workers are now taking the opportunity to rethink their career progression, and quite a few have decided to change fields. But it’s tough to follow your passion if you don’t have any money coming in. This is an excellent time to consider temporary employment, as many businesses are newly reopening and reluctant to hire full-time staff until things smooth out a bit. Taking a temp job, either in your former industry or in one you are considering, is a terrific way to bring in a paycheck without a long-term commitment.
A staffing agency can help you figure out where you want to be, polish your resume, and even help you nail your interview. You’ll gain the opportunity to try out different positions in different fields as you decide what comes next, and when you’re ready for a full-time job, you will have valuable experience on your resume. Best of all, these services are free for job seekers.
Losing your unemployment can be scary. But now is the perfect time to try temporary work as you figure out your next moves.
Ready for a new position?
If you’re in the market for a new job, contact Total Staffing Solutions. With over 20 years of experience, we know how to match you with your next position.