What to do if you lose your job and have no savings
Вставка
- Опубліковано 21 сер 2024
- What to do you do if you lose your job and you have no savings? This is reality for millions of Americans. What do you do? I have tips.
What to do if you lose your job: • What to do if you lose...
Side jobs you can start today: • Video
Places hiring immediately: www.frugaldebtf...
Call the USDA National Hunger Hotline at 1-866-3-HUNGRY (1-866-348-6479) or 1-877-8-HAMBRE (1-877-842-6273).
Come hang out on Instagram / lydiasenn
Come say HI on Pinterest: / frugaldebtfree
email me: lydia@lydiasenn.com
/ frugaldebtfreelife
Green screen effect courtesy of: JanTube. • Subscribe+Notification...
Snail Mail:
Lydia Senn
P.O Box 572
Creola, AL 36525
This video may contain links to affiliate programs. If you click on the link and make a purchase I will get a small percentage of that sale at NO extra charge to you. However, you are under no obligation to buy anything I ever mention in a video.
I just became a delivery driver... for a local pizza place... while I'm in college to become a cpa. I have no shame and take my tips with open hands. I am blessed to be working in this epidemic
You’re doing a great job.
@@TheRealLydiaSenn thank you! Just pushes me harder to get out of debt and get my diploma! ❤
I want to tell you thank you because of you my family will be one of the lucky ones. Because of our emergency fund even though my job and my husband's job cut back our hours we are going to make it through this time. We did exactly what you said made a new budget and turned off things we don't need right now. Also in Wisconsin i was able to get unemployment even though my company still has me working a little but not full time. Again thank you so much for these videos
Oh my goodness. This comment makes me want to cry. Thank you for sharing that. I’m glad you are okay.
You’re a good woman, Lydia.
Thank you
She is all heart and because she has gone through a lot she can love and help a lot!
I want to remind people, even if you did do something to cause yourself to be unemployed. I.e. a firing (not a layoff). It is still something you can learn from and to realize that you can’t go back and undo it. Focus on what you are going to do in the present and the future. It is the same with financial debt. Sometimes we are in debt because of decisions we make, other times it is circumstances that are out of our control. But either way we are in the circumstances we are in and we can only move forward.
So true. Looking in the rear view mirror only makes you feel worse. It doesn't help, so we have to focus on the windshield.
Lydia -
THANKS for always being SO resourceful, positive, encouraging, and understanding.👍💖🌈
Thank you
Wow that was brave and hard to hear. I think personally that acknowledging the situation of loss and the grieving that goes with losing a job, a way of life, a picture of what you imagined the next few years were going to look like together with the loss of control has to be named. If not addressed it can lead to depression. So keep an eye open for that, and speak to your family doctor. Dealing with the emotional and mental impact is as important as the physical. And just one more thing... Lydia are so right telling people not to beat themselves up when they ask for help. People really do want to help. Just imagine the situation was reversed, and how you would want to help someone who needed it. Anyway, I absolutely love your videos. So smart and generous and addressing huge issues. You are awesome!
THIS happened to me several years ago. Picture this it was payday and I was getting ready to go to work. I worked the 3:30pm to midnight shift. There was a knock on my door upon answering the door there stood my postman with a letter requiring my signature for receipt. It was a letter stating my company had CLOSED! I immediately called the company and my phone call was answered by a contract security police officer who informed me the company was INDEED PERMANENTLY CLOSED! We ( the employees) eventually got our paychecks FOUR YEARS LATER!!
That stinks; what an awful way to treat your workers! How are you doing now?
what a sweet and encouraging video, I love how peaceful you are
Thank you so much.
So many people will be helped with this advice
No shame in asking for help
You are a wonderful example of a christian woman
People need all kinds of encouragement these days Lydia. Thanks for providing that. Stay safe!
You bring such hope to people. God bless you for helping!
Thank you so much for saying that
Thank you for always being so encouraging and strong. Continue to share because someone will draw strength from it.
Thank you so much
We are lucky because my husband is retired military and has VA disability as well . He is not high enough disabled so he is able to work . But if he loses his job we have that . Plus we have 4 months of income to pay all our bills and food even without the retirement.. We could refinance our home .
wow, pray about it! We may still be in this deppressen another year... BUT refinancing is awesome now, maybe 3% interest!
You are so compassionate. 💖 Thank you! I've was right there with you in 2008. Worse year ever! This is not as bad thanks to lessons learned!
A lot of people don’t have enough savings because they spend on stupid things such as the latest gadgets, cars they can’t afford, living in overpriced areas... adopting minimalism can be a helpful tool in prioritizing what’s essential in life.
Thats true. However, if you live in places like new york rent is so expensive that people will struggle even if they're living on a budget.
NOt all true, it can mean a death in the family, or cancer, or loss of job... :(
@@joanalorenzo6949 right, and if you have a license to work only in the State you live in and can't just get up and move into another state!
Thank you for always addressing issues in a relatable way that is also so kind and gentle.
Lydia: Thank God you are prepared this time around. I guess we learned from the 2007 crash. I am more prepared this time around too. I have my emergency fund x's 2 and I have been working from home permanently. Thank you for ALL your videos! Much love to you and your family 💗💗💗💗💗.
I appreciate you. Thx for reminding folks to be kind to themselves and others.
A job loss in the best of times is hard enough - paralyzing. Having some concrete suggestions and ideas on what to do is so helpful. Thanks so much.
I remember growing up and my mom was a contractor, she would finish a contract and not always have something lined up right away. She would go on unemployment and we would just survive. Sometimes it was hard. But every single time, we survived. We also would be grateful for what we could get. We also always donate to the local food shelf when we could because we wanted to be able to use it if we needed it. We would donate more than just food...things like feminine hygiene needs, baby needs. We had what we needed, but not everyone can survive as well as we did. Helping makes it a little easier to handle.
Job loss is hard!!! My heart goes out to all of the people that won't survive this. ♥️🥺
I know that feeling of contract jobs. I've been on one year teaching contracts in South Korea, and have tried to get out of them a few times. Next time, I am determined to make a life in the US for myself. These teaching jobs in Korea have no future, no retirement, nothing. My former workplace has a head teacher from the US who is 69 and she's been doing this since she was 54. There is no future. I'm a lot younger than she is, but the years click off, so I have to make sure I get out of this dead end life.
I just found your videos..I’m sitting here in NY binge watching..I am one of those grateful ppl who still have a job...and I feel I had a decent emergency fund...but it always seems like a bill is always come up. And with everything going on I feel having an emergency fund regardless if a person can afford it or not is essential. Imagine not being able to make ends meet and u have job. Now imagine losing that job....emergency funds are important
Thanks for your video, Lydia. My partner and I fulfilled a move 5 years-in-the-making, from the top of the north island of New Zealand to the bottom of the south island earlier this year. It just so happened that our country went into lockdown just 3 weeks later, and I have now been out of work for 5 months. We're so lucky in that my partner was able to find a job a couple of months ago and we can now meet our monthly outgoings (barely) but our savings have been depleted and it's extremely stressful knowing we have nothing to fall back on if things go south again. It's nice to know that we're not alone (although it saddens me that there are so many in the same boat and others who are a lot worse off). Good luck out there, everyone. Keep smiling, the only way from here is up!
Wooohooo! You have a desk!!! Awesome!
I love it!
Thank you for this helpful advice. This time reminds me of past seasons in my life when financial stress was ever present. Although our family is now well in terms of finances and health, it has not always been this way for us. I have a lot of compassion for others who are coping with great hardship and a lot of uncertainty. Comfort can be found in knowing that this time will pass.
A tip for claiming unemployment: make sure to check the schedule for when it’s your turn to claim every week because it keeps changing every week.
Been at the same job for 20 years, past couple months they been pushing me to my breaking point. I know they are trying to find a way to get me out the door, I see the looks, I feel the difference in the conversations etc.. I am feeling very hurt.
Document everything.
During World War 2, I think Americans had house boarding. SO if you know of a family that loses their home (which I hope not!) and you have room in yours you can share and split the cost of mortgage. I don't think renters can rent out, lol. ALSO, if you are kicked out of your home there are hotels that will take you on and pay weekly. Some as low as $100 a week. Seek food pantries. Some you can go to ALL in your area! And one should seek all because one may give house supplies (toilet paper, soap) while others give free clothes, others fresh fruit and veggies and others only canned foods... This is one way to keep your cash and still have food while saving for more $. Don't feel guilty, when you get back on your feet, you can give a ton back! Search your schools or Mayor for these Food Pantries :) Try to grow a garden in your yard, ask help from your neighbor too. YOU CAN ALWAYS GIVE BACK! Some schools will feed children during the summer too!
Great ideas!
I love your personality...you keep it real, and in a auntie type of way. Not harsh, but real quality advice.
Please make a video about your refi! Would love to learn more about it and hear about your experience.
If we ever close I will it's a long process.
Made redundant today
Ive been over payed for 15 years and I have no qualifications
Hi Lydia, I love ur videos. Your are so positive person with big heart. I used to worked in Radio station and they have no money to pay us. So they offered us CDs instead of salary :D I left the same day and still have 3 CD as the memory of those days.
Oh heavens. Were they at least good CDs?
@@TheRealLydiaSenn I worked for small local Radio station, so we had the mostly local Slovakian's artist. At the moment I'm working in finance sector and I have also 20% cut of my salary, but it's still far more than I had in that Radio station. I'm lucky one I can still work from home. Pls. keep creating your videos, the personal finance are not only about numbers
Thank you for sharing. Very helpful. I will also watch the other videos mentioned since I am currently as well in this situation.
Glad it was helpful!
I love how honest and sweet you are. 💕♥️💕
your hair looks good... I am waiting for my hairdresser to call me for an appointment
Just curious - why are you planning to refinance your home when you were scheduled (pre-Covid) to have it paid off in approximately 2.5 years? With closing costs and other expenses, how will you benefit from refinancing? I am interested in your response. Thanks, Lydia.
Oh it’s a huge benefit we’ve been paying PMI and we no longer have to pay that. And the interest-rate is much much lower.
Getting rid of PMI is definitely a substantial benefit. Best of luck with the process.
Oh that is right. I wonder why.
You seem like a very kind lady
Thank you
Great video!
As an aside, you’ve mentioned before you homeschool and do a co op. We are seriously investigating Classical Conversations. It’s kind of a chunk of change, which I wouldn’t mind in normal days, but am wondering if it’s worth it with not knowing if they’ll be able to meet in person or not. (And also worrying about health with being there- just being honest.) Curious if you’re involved in that one or just generally what your thoughts are in co ops this fall. General line I’ve heard is no one knows. Of course. But with a brand new to school kid I’m trying to see what veteran moms are thinking.
Your caring, nurturing heart shines through, Lydia. Love and hugs from your neighbor up North
Thank you so much!
I like the color of the wall, thank you for the video.
Thanks for watching!
A lot of churches here in MD have started community food pantries. Also, school systems are giving out free lunches to any aged kid up to age 18.
The same thing is going on where l live, including the school system giving out food to anyone who asks. I also asked our local paper to let the community know where the local pantries are; they have been listing each week where they are located and what days families can pick up food!
I like your new office. It looks so nice. :)
Thank you! 😊
Unfortunately if you’re married they won’t give assistance from snap if your spouse makes any kind of money
I feel ya. I understand how hard it can be right now to find something to say that isn't demoralizing or depressing not because you don't care you definitely do and are doing what you can. It's more that even if we could help there are only so many we can help so even if you're ok, if your neighbor, your kid's sitter, your old coworkers, close friends, family, and classmates are hurting you can't help them all. To watch so many in pain and have people in power who are showing our system has failed to do it's one job - take care of the people, it can he really hard. I don't know if this video will help you. It helped me. Take care and congrats on a walled office!
ua-cam.com/video/WA_M7Eqc2H4/v-deo.html
Exactly. That’s it right there.
My hubby was collecting unemployment and he went back to work and he was making more money on unemployment but it was the right thing to do. Today he found out that an employee had been working even tho he had covid-19 😱 so now he might be out of a job, if they close the job down.
That’s terrible. Remember if they close the job down he can get back on unemployment.
Another good video!
Glad you enjoyed it!
Just listening to this on 10-14-21. Still a great message
thank you so much for this
I lost my job no family to help just move to Virginia
I live in Alabama too and cannot find a good enough rate to refinance. Any suggestions?
Thank you !
can i sue my ex for making me quit my job because of her clingyness
You are always so sweet 💗
You are so kind
Thank you luv 😔
You are so welcome
Lydia what does it mean when you refinance your home? 🙅🏻🙅🏻🙅🏻🙋🏻
Good morning 😊❤❤☕☕
Good morning!
Thank you!!! Most of these videos only talk about the stupid emotional shit. I need information on how to pay the bills after u get fired
Ahhh you forgot FORCE MAJEURE, this is a legal concept that can get you out of debt and obligations due to an Act of God or disaster. Please look it up for yourself I am not a lawyer but from the information I had researched it will be very helpful for you in negotiations with your landlord and/or debtors. If they are smart they will give you a reasonable offer rather risk going to court and having the case dismissed offhand due to the overwhelming case load due to this. Please look it up and play it smart as another option for you.
I’ve worked at Walmart (Sporting Goods) before, and although it was definitely something I FELT embarrassed about, I was treated well and was able to work the hours I needed. #worthit
I relate to this exactly. I didn't want people to know I worked there. Now looking back I feel silly for feeling that way.
Shirt looks pretty on you
What of. I have a part time can i get uunploment?
I’m sure you can google that and find out more.
How can i appy for unemployment?
Google how it is handled in your state.
streetcorner
Unemployment is super hard these days .. it’s like they make it impossible and if you end up getting it, they still find a reason to not give it to you if you don’t stay 100% on it, they will put things in the system that you were supposed to fill out that you don’t even know you will lose your unemployment.. And then it takes forever to kick in so you’re already scraping by just hoping and praying it does for like over a month