• at May 3, 2018

    Hey everyone, I’m looking for some casual financial advice. Long story short, I lost my job (reason: company downsizing) a couple of months ago and it has been tough making ends meet since then. My wife is a stay-at-home mom, so she’s not bringing in any income either. We do have some savings, and we have a bit of money coming from EI, but it’s not nearly enough to make ends meet month to month.

    I’ve been applying for jobs, but haven’t heard back from anything too promising yet. I don’t know how much longer this stint of unemployment will last. It’s beginning to worry me that our family’s financial situation will be on a downhill trajectory that’s gonna be tough to recover from. Can anyone suggest a couple of practical options that can help us make ends meet until I land back on my feet again? Thanks.

  • at May 3, 2018

    Oh man, unemployment sucks. I’m sorry to hear that, buddy.

    My advice is to broaden your horizons when it comes to your job search. Be a little more flexible and open-minded. I know some of your current job prospects might not sound too promising, but maybe you should take on a lower-paying job for a little while until you find that ideal job again. No matter what the job is, having a steady monthly income can really help with your finances. Doing part-time gigs or even freelancing can help with your financial situation too.

  • at May 3, 2018

    As someone who was jobless for most of last year, I can completely relate to what you’re going through! It’s not easy, but just keep applying for jobs and don’t lose motivation!

    Personally, I turned to my family members for financial help. Don’t be afraid to ask for their help. I know it could be a little awkward asking them for money, but that’s what family is for. They’ll be able to provide you with some financial relief at a time when you could really use a break.

  • at May 4, 2018

    Asking your family is certainly an option, but it’s not always an available resource for everyone. For example, I’d feel awful asking my aging parents to dip into their retirement funds and shoulder my financial burden. I don’t know if family is the best go-to option when it comes to money matters.

  • at May 4, 2018

    Have you tried using payday loans before? The solution isn’t for everyone of course, but it’s definitely another resource for you to consider.

    A few years ago, I was actually in a pretty similar situation as yours. Maybe it was even more dire, because I had tough time paying the monthly bills. It got so serious that I thought our family wouldn’t have my utilities unless we could pay up in 1-2 weeks. It was a rough, rough time. There are certain luxuries in life that you don’t know you take for granted until you’re at risk of losing at them.

    Anyway, it was one of the lowest moments in my life. I honestly felt like I was at the end of my rope until I contacted a local payday loans provider (Speedy Cash). Best decision I could’ve made at the time. Almost right away, I was provided with some much needed extra cash so that I could get on top of my immediate finances. Once I got control of the billing situation, things started turning around for me again and I landed back on my feet. Looking back, it was a real life saver!

    Just sharing my story of highs and lows. Who knows? Maybe this could help you too!

  • at May 4, 2018

    My financial advice is simple: save, save, save! Be frugal and cut back on any unnecessary expenses. You can’t afford to live extravagantly while you’re on a budget.

  • at May 4, 2018

    Thanks for all the helpful suggestions, everyone! I’m gonna ask around and look into a few resources to help make ends meet for the next few months. I was feeling a little down lately, but just reading all your encouragement and positivity made me feel better again. 🙂