Economic News that Affects Your Budget: Unemployment headed in wrong direction: The jobless rate increased to 8.2 percent during April,…
Looking for a job can be a draining experience – both emotionally and for your bank account. You have to update and print out copies of your resume. You need business cards. You have to drive to and from interviews, and sometimes even pay for parking. Not to mention, the costs you’ll incur if you decide to take any classes to better your skill set and increase your chances of getting the job you want. Thankfully, the US government knows just how expensive this process can be and offers many tax breaks for people searching for a job in their current field.
The U.S. job market is starting to recover, but many people are still feeling vulnerable to layoffs. No one wants to think about losing a job. Getting laid off can be one of the most stressful and discouraging experiences of most people’s lives – but you don’t have to let it derail your financial plans. If you feel that your job might be about to go away, there are several actions you can take now to set up a more secure foundation for your financial life.
Any period of unemployment is tough. You’re not sure how long it will be until you find another job or how much you will make when you do. You’re following your finances closer than ever before. But once you get out of the woods, you may find that there are many lessons you learned that you can carry over to the good times too. They can make any future bouts of unemployment less stressful and even make you richer in the long run.