But when you’re ready quit singing the job blues, you gotta sing a different song. You’re just trying to endure a rough spot. Remember, you never alone in your struggles.
Answering if can you afford a house and knowing exactly how much when looking for a new house can be difficult, and it should depend on several contributing notions. While “professionals” might tell you that you can spend 3 times your annual income, how true can that really be if they haven’t considered other factors then that? Use the CRISPED System (Credit, Risk, Income, Savings, Plans, Expenses, Debt) to assist you in what to consider before you decide just how much house you can buy.
By risk factor, I’m referring to a number of things that put you’re at risk for defaulting on your mortgage. Let’s discuss job security first. Consider what industry you belong to, where you are in your career, and the probability you will be in either the same situation or a better one in 5. Some industries are at a big risk for layoffs, while others are not. Is your company working with a technology that could easily die off in the next ten years? Do you have a degree and skills that could assist you quickly getting a new job if suddenly fired or laid off?
The first big hurdle for most adult students is how to finance the college experience. Do you quit your job? Will you qualify for financial aid? Where do you find scholarships? Can you work and go to school? As the adult population returning to school continues to grow, more and more financial solutions are available.
Some people’s problem with money comes from a compulsive addiction behavior. I was looking for where can i get a loan if unemployed on the web and nearme loans and hundreds of others popped up. They have a controllable urge to spend money. Compulsive debtors where can i get a loan if unemployed seek help through Debt Anonymous, which is a twelve step problem modeled after Alcoholics Anonymous. If you have a problem spending money and are ready to admit that you are powerless over your problems, you may want to attend an open meeting and learn more about it (Forefield 2009).
Network: Let people know about your situation and your need to find employment. Give others an opportunity to help you. If you are a member of a church congregation, let them know, as well as family, friends, and acquaintances. Anyone in sales can tell you that sometime a lead comes from the most unexpected places. E-mail to your e-mail list too no matter where the recipient is located.
One thing that many Americans, and even people around the world for that matter, fail to do is plan for hardship. They get complacent. Times are good so they take every dime they make and then some and spend, spend, spend. They fail to save. They fail to think about reality. This is made even worse by so-called promises by government that they will take care of you if something happens.
If you are out of work for a long time, consider negotiating with your creditors. If you have good credit, you may find it relatively easy to reduce the interest rates on your credit cards, skip a payment or two on your car loan, or reduce monthly payments temporarily. Remember, you will be in a better negotiating position if you call your creditors before you get behind in your payments. If the creditors are calling you, they may not be as inclined to work with you if you call them and explain your situation. Creditors may or may not work with you; however, it is worth a try. If you need help negotiating with your creditors, you may want to talk with a nonprofit credit counseling organization.
But let me say this: we’re not going to put up with this incompetence much longer. Remember who the front line tax collectors are. That’s right: business owners with employees. We are not totally without political power. It’s time to give us a voice.