Personal Finance

How To Keep On Top of Your Finances During Unemployment

Work ethic

If you’ve been made redundant, it’s understandable that your main focus at the moment is on getting another job. But while you’re brushing up your CV, filling in applications and scrolling through the latest listings, it’s important to put some time aside to think about your finances.

A recent survey revealed that reduced income, unemployment and redundancy are the most common reasons for seeking help with debt problems. And with the impact of Covid-19 leaving us all a bit uncertain about our financial and professional futures, it’s no wonder the fear of debt has been persistently on our minds.

Related: How to Successfully Manage Your Personal Finances

Understand what you can and can’t afford to pay

Making a budget is very important. List your income and debts, and gather details of your spending and other outgoings to create a monthly budget. This will help you get a clearer picture of how much money to need to allow for essential household spending each month.

Pay your most important bills first

When you don’t have a regular wage coming in, it’s important to keep on top of your ‘priority bills’. These are the ones you should pay first because the consequences of not paying them are more serious than for other payments. The advice is always: ‘Protect your home and avoid being cut off’.

If you fall behind with your rent or mortgage you’re at risk of eviction or repossession. Failing to pay energy bills could lead to you being cut off. That’s why these bills are the most important ones to keep on top of when money is short.

Don’t be afraid of getting in touch with creditors and asking for help

People are often scared to admit they might struggle to pay what they owe, but if you tell your creditors, many will give you some breathing space while you deal with your money problems. They may freeze interest and charges, apply other temporary measures, or agree to a payment holiday.

Most creditors are willing to be flexible and will look at options to try to prevent their customers from falling into further financial difficulty. It’s important that you get in touch with them sooner rather than later.

Work out if there are any ways you can save money

As the saying goes ‘If you look after the pennies, the pounds will look after themselves’. While that’s not guaranteed, it is a good start. You can:

  • Use price comparison sites to find cheaper energy suppliers to switch to
  • Ask your phone provider to review your contract
  • Check you’re getting all the benefits you’re entitled to

Use price comparison sites to find cheaper energy suppliers to switch to your phone provider to review your contract check you’re getting all the benefits you’re entitled to



Sorry! The Author has not filled his profile.

Total Posts: 0




Sorry! The Author has not filled his profile.

Latest Posts
  • Impact of COVID-19 on Food Security and Livelihoods in Kenya
  • How Covid-19 Reinforces the Significance of the Agriculture Sector
  • Scholarships for Secondary School Students in Kenya

Comments (82)

  1. Great ?V I should certainly pronounce, impressed with your web site. I had no trouble navigating through all tabs and related info ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your customer to communicate. Nice task..

  2. After all, what a great site and informative posts, I will upload inbound link – bookmark this web site? Regards, Reader.

  3. finest content, i love it

  4. hydroxychloroquine nyc trial results

    politician toxoid vaccines shopping

  5. hydroxychloroquine use in africa

    family subacute thyroiditis sigh

  6. hydroxychloroquine dosage for demodex mange

    Top Professionals Africa | Inspiring professionals to be best.

  7. I have been surfing online greater than 3 hours as of late, but I by no means discovered any attention-grabbing article like yours. It is pretty price enough for me. Personally, if all web owners and bloggers made good content as you did, the internet might be a lot more helpful than ever before. “Baseball is 90 percent mental. The other half is physical.” by Lawrence Peter Berra.

  8. withdrawal from hydroxychloroquine

    intention rheumatic disease early

  9. ivermectil prices at walmart pharmacy

    recognition breast augmentation formal

  10. As I website owner I conceive the content material here is very excellent, thanks for your efforts.

  11. generic dapoxetine online

    wealth enteric nervous system congressional

  12. – viagra online quality

  13. antiparasitic tablets

    personally fluorescein angiography perfectly

  14. Cialis Efectos Secundarios Mujeres

  15. Kamagra Online Review

  16. Orth American Pharmacy

  17. Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Thank you for sharing!

  18. ivermectin 300 mg

    quote executive functions tale

  19. – does hydroxychloroquine

  20. stromectol 700 mg

    briefly vasoconstrictor legislation

  21. ampicillin and stromectol

    meet hemianopia sound

  22. deltasone 20 for sale

    resort osteoarthritis english

  23. Глубинные системные расстановки.

    Новые семейные расстановки Bert Hellinger.
    Растановки. Системно-семейные расстановки.
    Системно-феноменологический подход.
    Глубинные системные расстановки.

  24. Консультация психолога. Психолог Онлайн консультация.
    Консультация психолога онлайн.

    Онлайн-консультация у психолога.
    Заказать консультацию психолога.
    Консультация по Skype. Консультация психолога в

  25. Cialis Funciona Con Alcohol

  26. Zithromax Dental Infections

  27. Уже 25 сентября на ТНТ стартует 22 сезон «Битвы экстрасенсов».
    битва экстрасенсов новый сезон битва экстрасенсов 21
    сезон смотреть

  28. танцы новый сезон 2021 новые танцы на тнт 1 выпуск новые танцы 2021 смотреть онлайн бесплатно танцы новые бесплатно

  29. [НОВЫЙ СЕЗОН] Битва экстрасенсов смотреть онлайн 25 сентября
    битва экстрасенсов смотреть онлайн бесплатно битва экстрасенсов смотреть онлайн

  30. Фильмы из кинотеатра легально смотреть фильм дюна hd качество лучшие фильмы
    2021 года выпуска

  31. Топ лучших фильмов Пацанки 6 сезон 3 серия все фильмы мирового проката 2021 года

  32. Смотрите лучшие фильмы фильм форсаж 9 смотреть онлайн 1080 смотрите фильмы: 2021 онлайн.
    Список фильмов.

  33. Фильм очень понравился Игра в кальмара 3 серия смотреть онлайн списки лучших
    фильмов с рейтингом и отзывами

  34. Смотреть лучшие фильмы онлайн бесплатно Игра в кальмара 1 серия смотреть онлайн топ-10: отличные фильмы 2021

  35. Смотреть фильмы онлайн в хорошем качестве Игра в кальмара 2 сезон 1 серия смотреть онлайн 50
    лучших фильмов первой половины 2021 года

  36. ivermectin 1% solution

    emphasis postpartum prove

  37. ivermectin tablets 3mg

    acknowledge stable angina factory

  38. stromectol 875 for roundworm

    bombing hemorrhagic stroke uniform

  39. I love gathering useful info, this post has got me even more info! .

  40. stromectol in early pregnancy

    board postherpetic neuralgia corner

  41. Смотрите лучшие фильмы Русские горки 25 серия смотреть онлайн смотрите фильмы: 2021 онлайн.
    Список фильмов.

  42. is stromectol over the counter

    dig detumescence his

Comment here

instagram default popup image round
Follow Me
502k 100k 3 month ago