Your Income Decreased. Now what? – Part 3: Eliminate expenses


by Lisa Thompson

If trimming your budget as described in Your Income Decreased. Now what? – Part 2 isn’t enough, then it’s time to make some tough decisions. What can you live without? It’s not something any of us want to consider, but unemployment or a drop in income may mean cutting some current expenses entirely.

Continue reading

Your Income Decreased. Now what? – Part 2: Reduce your expenses


by Lisa Thompson

Now that you’ve taken a magnifying glass to your finances in Your Income Decreased. Now what? – Part 1, you need to figure out where you can cut back on the services you purchase. This may mean switching to a more basic service or a different service company entirely. Examine each expense to identify whether there is a less expensive option. (Note: If you signed up for a multi-year contract or bundle your services, then you could be hit with large penalty fees for breaking the contract or changing your services. Review the fine print before making changes.)

Continue reading

Your Income Decreased. Now what? – Part 1: Take stock of your finances


by Lisa Thompson

When you become unemployed or experience an unexpected decrease in your income, one of the first things that races into your head is “how am I going to pay my bills?” Even if you are eligible for unemployment benefits, it probably will not cover all your current expenses. It’s important to come up with a new financial game plan as soon as possible.

Continue reading

Unemployment: This is Going to Hurt – a Lot. Part 2


by Kathy Kirchoff

There is a new "normal" with the current economy.  And it’s especially hard if you’re unemployed. While Unemployment: This is Going to Hurt – a Lot. Part 1 described about how job loss affects all workers emotionally and financially regardless of age, part 2 will help you navigate the uncertainties of your new reality.

Continue reading

Maintain Your Self-Worth While Unemployed


by Tom Melander

“You're either part of the solution or you're part of the problem.”  –Eldridge Cleaver

 

In my last post, I concluded that we must face the possibility that unemployment might remain high for another year or more, and even when the job market improves, we will continue to face increased competition from foreign workers. With no real end in sight, simply hoping for change won’t solve the practical problems the unemployed face today.

 

This article will explore the idea that, in times of hardship, you’re either a part of the problem or a part of the solution. This can be a tough topic. Accepting this idea forces us to assume personal responsibility even when circumstances beyond our control determine many of our outcomes.

Continue reading

3 Year-End Resources to Help Career Explorers


by Denise Felder

Warning: Blatant promotion of ISEEK projects ahead — but these make great holiday gifts for the career explorers in your life.

 

2010 MnCareers

Grab copies of the 2010 edition of MnCareers before they are gone. This award-winning annual publication is your only comprehensive, printed guide to Minnesota job search, education, and career exploration resources. The130-page magazine is easy to use for any student, dislocated worker, or career changer to find job search and training help and direction. The magazine has:

 

Continue reading

Unemployment: This is Going to Hurt – a Lot. Part 1


by Kathy Kirchoff

Are you unemployed? Experiencing a variety of feelings? It’s common for unemployed workers to feel hopeless, worthless, and lost.

 

Maybe you are older and things were going along fine. The kids have left and you were looking forward to being comfortable, taking some nice vacations, pursuing your own interests, and being able to put additional savings away for retirement. You were planning to work a few more years and then you are hit with a layoff. You question how you are going to find another job and your future is up in the air. Your dream is gone. You are worried about your pension and social security benefits. You are now considering early retirement. You are discouraged and uncertain.

Continue reading