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REDUCING YOUR SPENDING WHEN NOT WORKING

Losing your job can be a stressful time, especially when you realize that you will not have a steady income until you are able to find another job. If you do lose your job or you have a roommate that is unemployed you need to focus on two main goals - getting another job and reducing your spending until this happens. It is critical that you take this time to search, prepare and find something new and that you don't take this time as a holiday to have lunch with friends, to redecorate the house and to spend money that is not there.

It can be so easy to spend money when you are not at work. Getting out of the house and taking a break from the long list of resumes and job postings is only natural but you don't need to hit the mall and spend money to do so. Take a walk around the block or visit a friend for tea. Invite a friend over for a cup of coffee to socialize and break up your day but don't head out for lunch or go to the bar just because you have time off now. Stay away from the malls and other places where you can easily spend money.

Start by setting up a budget for the day. You will still need to spend money on regular things like fuel and groceries but you might not need to spend as much. If you are home all the time you can cook premade meals instead of ordering in after a long day at the office. You can reduce the amount you spend on your fuel as you shouldn't be commuting on a regular basis anymore. Try to reduce your weekly spending by around 30 percent when you are not employed.

Successful Job Searching

So what can you do with all this free time if you are not spending money? You can job search. Take finding a new career like a 9 to 5 job. Start every day by getting up, having breakfast and getting dressed as if you were going to work. However, instead of heading into work, head over to the computer, check the daily jobs and start applying. Once you have done this, go down and speak to recruitment agencies, skilling agencies and anyone else that might be able to help you find a job.

The next day, do the same. However, think outside the box. Look of websites on different companies that you would be interested in working for. Contact human resource departments to see if you can put in a resume and go door to door if necessary. Don't give up and don't rely on one type of job search.

When you are job searching, don't give in to the same cover letter and resume with every company. Each application should be individual and reflect the position you are applying for which means you need to take the time to cater each cover letter and not just make mass letters to send out. This is a great tip to be noticed for all the right reasons and to actually succeed in getting to the interview process.

If you do have spare time during the day after all the job hunting, then do something productive around the house that doesn't cost money. Clean out your closets and donate items to charity (or sell your items on eBay for a little extra income). Clean your car, clean the house, mow the lawn. Remain productive and remain positive. This will help you when reducing your spending when not working.

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