Comments on: 5 Ways to Stay Out of Debt When Unemployed http://frugaldad.com/2009/09/01/ways-to-stay-out-of-debt-unemployed/ Money Saving Insights: Coupons, Smart Spending and Promotional Codes Mon, 13 Feb 2012 05:38:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: job search http://frugaldad.com/2009/09/01/ways-to-stay-out-of-debt-unemployed/#comment-33200 job search Mon, 26 Oct 2009 15:07:42 +0000 http://frugaldad.com/?p=3580#comment-33200 I think your piece of advice may be really helpful because ery often we really spend money on something we like but necessarily need. But it'll take a lot of efforts on your part, especially if you live with somebody else. I think your piece of advice may be really helpful because ery often we really spend money on something we like but necessarily need. But it’ll take a lot of efforts on your part, especially if you live with somebody else.

]]> By: SPENDonLIFE http://frugaldad.com/2009/09/01/ways-to-stay-out-of-debt-unemployed/#comment-31345 SPENDonLIFE Tue, 08 Sep 2009 19:00:22 +0000 http://frugaldad.com/?p=3580#comment-31345 <strong>Intervention: When Friends Can't Say No to Credit...</strong> Sushi lunches to the tune of $40, eyelash extensions in the ballpark of $300, and Louis Vuitton handbags that cost more than the down payment on my car: Purchases made by the rich and famous, or by my unemployed best friend?... Intervention: When Friends Can’t Say No to Credit…

Sushi lunches to the tune of $40, eyelash extensions in the ballpark of $300, and Louis Vuitton handbags that cost more than the down payment on my car: Purchases made by the rich and famous, or by my unemployed best friend?…

]]> By: Meaghan http://frugaldad.com/2009/09/01/ways-to-stay-out-of-debt-unemployed/#comment-31240 Meaghan Sun, 06 Sep 2009 01:29:15 +0000 http://frugaldad.com/?p=3580#comment-31240 Good advice! Good advice!

]]> By: Kevin@OutOfYourRut http://frugaldad.com/2009/09/01/ways-to-stay-out-of-debt-unemployed/#comment-31083 Kevin@OutOfYourRut Wed, 02 Sep 2009 19:13:28 +0000 http://frugaldad.com/?p=3580#comment-31083 Matt (10)--That seems to be happening as a matter of necessity. What would be better is if we can learn to embrace making do with less as a POSITIVE long term lifestyle change, rather than as a temporary inconvenience. It really is a change that can produce positive long term results, so we shouldn't feel bad about it in any way. We should see it as the New Us. Matt (10)–That seems to be happening as a matter of necessity. What would be better is if we can learn to embrace making do with less as a POSITIVE long term lifestyle change, rather than as a temporary inconvenience.

It really is a change that can produce positive long term results, so we shouldn’t feel bad about it in any way. We should see it as the New Us.

]]> By: Matt Jabs http://frugaldad.com/2009/09/01/ways-to-stay-out-of-debt-unemployed/#comment-31073 Matt Jabs Wed, 02 Sep 2009 16:31:53 +0000 http://frugaldad.com/?p=3580#comment-31073 My favorite point is #2 "Make do with less." In modern civilized countries we already have WAY more than we NEED. I think this "global recession" is actually a good thing for all of us. It is helping people wake up from the financial slumber and consumerism daze we've all been walking around if for years now. My favorite point is #2 “Make do with less.”

In modern civilized countries we already have WAY more than we NEED. I think this “global recession” is actually a good thing for all of us. It is helping people wake up from the financial slumber and consumerism daze we’ve all been walking around if for years now.

]]> By: Bill Attinger http://frugaldad.com/2009/09/01/ways-to-stay-out-of-debt-unemployed/#comment-31062 Bill Attinger Wed, 02 Sep 2009 14:55:08 +0000 http://frugaldad.com/?p=3580#comment-31062 Great guest-post, Knight, and thanks to FrugalDad for sharing. #3 above ("Look for Additional Sources of Income") really resonates with me. At my new company, ActSeed - once launched - we devote a significant amount of our mission to helping people manage careers "one hour at a time". Gone are the days when we manage our careers one job at a time. Even when you're in a full time job, you should find ways to network into potential advisory roles for a couple of hours a week to keep your own job fresh and your mind challenged, not to mention the possibility of a bit of equity for the advisory work, or a couple of extra dollars, or even having it evolve into a full time role one day! Great guest-post, Knight, and thanks to FrugalDad for sharing. #3 above (“Look for Additional Sources of Income”) really resonates with me. At my new company, ActSeed – once launched – we devote a significant amount of our mission to helping people manage careers “one hour at a time”. Gone are the days when we manage our careers one job at a time. Even when you’re in a full time job, you should find ways to network into potential advisory roles for a couple of hours a week to keep your own job fresh and your mind challenged, not to mention the possibility of a bit of equity for the advisory work, or a couple of extra dollars, or even having it evolve into a full time role one day!

]]> By: kenyantykoon http://frugaldad.com/2009/09/01/ways-to-stay-out-of-debt-unemployed/#comment-31038 kenyantykoon Wed, 02 Sep 2009 08:35:14 +0000 http://frugaldad.com/?p=3580#comment-31038 this is a great post. recently, i as i was cruising the internet, i found a blog that was for people who have been laid off. in the said blog they get to share their stories will people in similar situations. as i was running through this post, the blog came to mind and i kinda hope that the owner can trackback this post to his site. it would be really helpful to the owners. this is a great post. recently, i as i was cruising the internet, i found a blog that was for people who have been laid off. in the said blog they get to share their stories will people in similar situations. as i was running through this post, the blog came to mind and i kinda hope that the owner can trackback this post to his site. it would be really helpful to the owners.

]]> By: Kristen from FiLife http://frugaldad.com/2009/09/01/ways-to-stay-out-of-debt-unemployed/#comment-31032 Kristen from FiLife Wed, 02 Sep 2009 02:56:23 +0000 http://frugaldad.com/?p=3580#comment-31032 #4 and #5 are such important points - and ones to tend to forget too often. Get comfortable asking for help: from your credit card company (before you miss a payment), from your friends, from former colleagues, and from quality networks online. Asking for a little support early can go a long way. #4 and #5 are such important points – and ones to tend to forget too often. Get comfortable asking for help: from your credit card company (before you miss a payment), from your friends, from former colleagues, and from quality networks online. Asking for a little support early can go a long way.

]]> By: Kevin@OutOfYourRut http://frugaldad.com/2009/09/01/ways-to-stay-out-of-debt-unemployed/#comment-31017 Kevin@OutOfYourRut Tue, 01 Sep 2009 20:04:59 +0000 http://frugaldad.com/?p=3580#comment-31017 Excellent article and comments as well. I would add that it might also be a good idea to start thinking of your current situation as more permanent in nature. I realize that such thinking may seem negative, but it's really a matter of emphasizing the need to hunker down for the long haul, because that's what this is turning out to be. A lot of jobs are just plain gone, it isn't likely you'll be "called back" when the economy turns. So many of the current employment issues are really part of longer cycles, like advancing technology, globalization and offshoring of jobs, all of which have combined to reduce opportunities in so many fields. So now the best course is to be prepared psychologically and emotionally for a tough run. You'll need to be prepared for jobs that don't happen, to lower your living standard and to avoid going into debt under the notion that it's just to tide you over for the short run. The self-employment suggestions in the post and the comments are right on the money. Excellent article and comments as well.

I would add that it might also be a good idea to start thinking of your current situation as more permanent in nature. I realize that such thinking may seem negative, but it’s really a matter of emphasizing the need to hunker down for the long haul, because that’s what this is turning out to be.

A lot of jobs are just plain gone, it isn’t likely you’ll be “called back” when the economy turns. So many of the current employment issues are really part of longer cycles, like advancing technology, globalization and offshoring of jobs, all of which have combined to reduce opportunities in so many fields.

So now the best course is to be prepared psychologically and emotionally for a tough run. You’ll need to be prepared for jobs that don’t happen, to lower your living standard and to avoid going into debt under the notion that it’s just to tide you over for the short run.

The self-employment suggestions in the post and the comments are right on the money.

]]> By: Lisa http://frugaldad.com/2009/09/01/ways-to-stay-out-of-debt-unemployed/#comment-31014 Lisa Tue, 01 Sep 2009 17:14:19 +0000 http://frugaldad.com/?p=3580#comment-31014 I would totally encourage the "start your own business" idea. 12 years ago I was laid off from my job as a corporate art director. This job was the *cream of the crop* job in the area where I live. There was no way I would find another job like it, that paid as well without relocating. And I didn't want to relocate. So I took the time while I collected unemployment to start my own business. I was extremely lucky in that I got two big clients off the bat and it snowballed into more clients. I more than made up for my corporate salary, and was able to work from home while my kids were small. In my case, being laid off was a huge blessing in disguise. I would totally encourage the “start your own business” idea. 12 years ago I was laid off from my job as a corporate art director. This job was the *cream of the crop* job in the area where I live. There was no way I would find another job like it, that paid as well without relocating. And I didn’t want to relocate. So I took the time while I collected unemployment to start my own business. I was extremely lucky in that I got two big clients off the bat and it snowballed into more clients. I more than made up for my corporate salary, and was able to work from home while my kids were small. In my case, being laid off was a huge blessing in disguise.

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