Lost Your Job? Here Is What To Do Now
If you’re someone who has recently lost their job, here’s what you can do to pick yourself up and get back on your feet. Times may be hard, but you’re smart and tough—and these tips will help you get through an unemployment crisis.
How to Recover from Job Loss and Stay Afloat Now
Immediately Apply for Unemployment Benefits
Don’t be ashamed; you’ve been paying taxes for years, and it’s your right to collect government benefits. Also check the additional relief offered under the stimulus package, which has increased coverage even for freelancers and furloughed workers.
Extend Your Employer’s Health Insurance
Ask your company if you can continue to get health insurance. Now more than ever, you and your family need health coverage. Ask if your company can still allow you to receive health benefits and for how long after you’ve been retrenched. This is part of the COBRA (Consolidated Omnibus Budget Reconciliation Act), but you have to research to see if you fall under its conditions.
Upgrade Your Resume and Interview Skills
Since the job market is very competitive right now, it’s not enough to mass-email your resume to every job opening you can find. Tailor your resume for each job application, highlighting the skills that are most relevant.
Practice for interviews. Prepare answers for the most common questions and read up on the company before the call. You should demonstrate that you know about their industry, products and services, and brand mission and image.
Develop New Skills
Use this time to take online courses, get certifications, and read books on your industry. If you are in an industry that has been particularly hard hit by the pandemic and is likely to freeze-hire for a long time, see how you can transition into another kind of job and learn the skills to succeed there.
Find Other Income Sources
While you’re jobhunting, you need to find a way to get regular income to pay the bills. Take part time jobs—either in your neighborhood or online. Start a simple home business, like selling food or pet grooming.
Take Stock of Your Budget
You’ll need to cut corners. Sit down and look at your regular monthly expenses and areas where you can save. Can you get a roommate you can share rent with? How can you lower your electricity and gas consumption? As for food and grocery expenses, see how creative meal planning can help you stretch your dollar and still have delicious and nutritious meals.
Stick To A Routine
A routine can help you feel like you have more control over your life, and keep you focused and active so you don’t start wallowing in your emotions. Think of all the things you wanted to do but never had the time: cleaning and organizing the house, exercising regularly, or reading books that have been sitting on your bedside table for years. Sitting around doing nothing will only feed your anxiety.
Apply for a Title Loan
If you own a vehicle, you can use it as collateral to take a title loan. Unlike other loans, Utah title loans don’t require a high credit score. Bad credit history, no credit history—it’s okay! You also can continue to use your car during the duration of the loan, as long as you make the monthly payments.
Title loans are also easier and more convenient to apply for. You’re busy applying to new jobs and may even be working several part-time jobs— you don’t have the time or the energy to go to different lenders and line up to speak to an officer. Through online lenders like Utah Title Loans, you can submit your application from the comfort of your home. It’s fast, it’s simple, and you get a response right away.
How To Apply For Utah Title Loans
- Fill out the form on www.UtahTitleLoansInc.com. This form is no-risk and just enables the customer service representative to have a quick idea of what you need.
- The customer service representative will contact you. Feel free to ask questions or raise concerns. He or she will be glad to explain the process and present your options.
- Submit your title loan application. Once it is approved, submit a few necessary documents.
- Receive the money through bank deposit, check, debit card, or cash.
It’s not easy to lose your job, especially in the middle of a pandemic. But keep moving forward. You will find a new job, and you will find a way to survive this crisis. Use these resume and jobhunting tips to get you started, and if you need some money to tide you over until better times, take out a title loan.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.