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Job Loss – Make it Your Job to Budget Properly


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Staying within budget is an important task, especially when you’re pounding the pavement in search of a job.

Okay, so you lost your job. Maybe you knew it was going to happen and you weren’t surprised, maybe you had no clue and it was a total shock. However you got here, the truth is you are out of work and it’s time to start your job search.

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But, from cross-town interviews to looking professional, the job hunt can become pretty pricey in itself. Luckily, there are ways to cut costs while searching for a new job so you don’t break your budget.

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Job Hunt With a Buddy

Not only is a job-hunting friend great moral support when you’re jumping around town from one interview to the next, they’re also a great way to cut traveling costs in half. In other words, when it comes to transportation, carpooling is a budget lifesaver.

Okay, so you lost your job. Maybe you knew it was going to happen and you weren’t surprised, maybe you had no clue and it was a total shock. However you got here, the truth is you are out of work and it’s time to start your job search. Click To Tweet

Taking turns driving to interviews and splitting the cost of gas helps save money while looking for a job. Likewise, if you’re searching for a job with a friend in a big city, splitting the cost of a taxi is a great way to reduce expenditures.

Either way, a friend at your side is a great thing to have come interview day.

Pack a Lunch

Grab your favorite lunchbox and make a sandwich, because bringing lunch on the job search will cut restaurants and fast food out of the cost equation. Plus, eating a healthy lunch will keep your energy level up from interview to interview.

In addition, stay well-fed and hydrated throughout the day by bringing portable snacks and refreshments.

Nuts, granola, and a couple of bottles of water won’t take up much room in your purse or briefcase, but they will help you go the extra mile while staying under budget.


Arrange Multiple Interviews Per Outing

If you really want to get the most bang for your job hunting buck, try to fit at least two interviews in a day. Not only will it raise your chances of finding a job faster, but you also won’t waste the time and money it takes to drive back home.

So, if possible, try to arrange multiple interviews with companies on the same side of town. But, give yourself plenty of time between interviews to recoup and also eat that lunch you brought along for the ride.

Learn the Bus Schedule

In the world of public transportation, city buses are definitely the most affordable option. Likewise, taking the bus as opposed to a taxi or the subway is more affordable and much more convenient.

Because most city bus transit systems have hundreds of routes and thousands of stops, you’re more likely to get to interviews faster and without many roundabouts walking. But, you must familiarize yourself with your city’s bus system before it becomes a viable interview-hopping option.

Look the Part for Cheap

Looking professional is of the utmost importance when it comes to interviewing, but it’s also costly to look the part, especially because interviewing could last weeks. That said, there are a few frugal ways to look great for each and every interview.

“You’d never set out on a cross-country road trip without consulting a map. Likewise, you can’t expect to reach your financial goals without developing a plan for spending and saving.

Budgets play a critical role in helping consumers pay off debt, build their nest egg and make the most of their hard-earned dollars.” –

First of all, buy one nice outfit and take care of it. Considering you’ll only see the majority of interviewers once, a well taken care of suit will definitely last you until you land a job. Likewise, instead of visiting a professional hairdresser every other week, visit a beauty school for discount haircuts and trims. If you do need a loan, check out a licensed money lender in Singapore.

By following the tips above, you’ll stay within budget until that next payday rolls around.

Budgeting 101: From Getting Out of Debt and Tracking Expenses
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This clear and simple guide provides tons of practical advice for keeping track of your finances. With useful tips on setting financial goals, reducing debt, finding ways to save money, and creating and following a budget plan, you’ll have your dollars and cents under control in no time.

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04/11/2024 07:11 pm GMT

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