canstockphoto3494698If you find yourself among millions of people that’s been recentlty laid off, you may not be prepared for the loss of your only source of income. Hopefully, you will be able to qualify for unemployment benefits to assist in covering your bills for the next few months until you are able to find another job. There is no guarantee that you will receive the amount of money that you’re accustomed to, but it will help to relieve the anxiety of not having an income at all. Here are some tips on how to survive a job layoff.

If you are currently renting and you’ve come to realize that you may not be able to have enough money to cover the rent, you can contact your landlord and ask for a short-term reduction. You also have the option to search for another location that’s more affordable. If you are a homeowner and find yourself in a similar situation, you may be able to refinance if your spouse is still employed.

Reducing the cost of your monthly bills can go a long way when it comes to saving money. If you currently do not have a programmable thermostat in your home, you may want to purchase one as soon as you can. It will pay for itself in the first month. You can significantly reduce your electric bill by lowering your thermostat before you go to bed or before you leave for work if no one is going to be at home. You can reduce the bills even more by turning off the lights if no one is in the room, taking shorter showers and lowering the temperature on the hot water heater.

If your monthly cable bill is more than you can afford, contact the customer service department of the cable company to remove some of the channels or go with a less expensive package. You may want to go with the basic plan until you return to work.

Another bill that you can reduce is your cellular phone. Find out if you areĀ able to reduce your monthly minutes and cancel any added features until you are more able to afford it. There is also an option to go for a prepaid or pay as you go plan.

Always check your junk mail for the weekly sales. You should always plan your meals in advance so you can write out your shopping list and always stick to it. Generic store brand products are a great way to save money on some of the products that you regularly purchase. Budget your shopping to the bare minimum.

Reducing your cable, cellular phone and household bills as well as negotiating your lease with your landlord are some of the ways you can survive a job layoff. Many of us make the mistake of living beyond our means and don’t think about managing our finances before it’s too late. By learning how to save money on your monthly expenses, you will be able to survive until you find another job.

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