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If You're Out Of A Job, How Exactly Should You Go About Cutting Expenses?

2020-06-21 145 Dailymotion

The US Labor Department says forty-four million people have filed for unemployment in the past 12 weeks.<br />If you're in the same boat, then clearly it's time to cut some expenses. But which ones, and how drastic should those cuts be?<br />According to Business Insider, financial planner Anna N'Jie-Konte says cutting all expenses all at once during unemployment can be overwhelming.<br />Instead, opt for cutting expenses in stages. Cut some right away. If unemployment goes beyond that, then cut more.<br />At the same time, look at your belongings and your skillset. What can you use to freelance, by investing nothing except sweat?<br />With a W-2 job, people don't want to give up that security and safety. But once you've already lost that, what will you have to lose, if it's not a capital-intensive investment? Anna N'Jie-Konte, Financial Planner Dare to Dream Financial Planning

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