The time has finally come that I’ve talked about for months. As of January 1st I have been laid off due to seasonal constraints on my job. Since this is my first year working there and my first time being laid off, it’s been strange to have such an abundance of time off.
Now that I have no income aside from my freelance side income I’m feeling the strain of not being able to pay my bills without cutting into my bank account. It’s going to be pretty painful to watch, but I think it’s necessary and luckily I’ve been padding my bank account with extra money in preparation for this situation.
I’ve been trying to apply to any jobs in my field that I can find, but so far there hasn’t been much. I’m going to keep trying and perhaps venture into some things I’m interested in that aren’t necessarily the normal thing someone with a marketing degree might do. I think that being very open to wherever my life and passion takes me is important at this point.
But I digress. This will be a tough few months for me. Here are some solutions that I’ve come up with to get through these 3 months as painlessly as possible :
I’m getting a break on rent. It’s not really rent, just my share of the mortgage and house bills. My boyfriend has very nicely decided that he doesn’t mind me paying a bit less for the next few months. That’s my biggest expense so it will make a huge difference for me.
I’m applying for unemployment. I’ve never filed before so it’s new to me, but it will give me a little bit of income that should help to cover my major bills. I’ll still be looking for other work but for now it’s necessary and since I’ve been paying unemployment insurance for years at least I’ll get some money back from that.
Cutting back on my spending. In the past few months I have been reasonable, but generally been able to buy some clothes when I want to, go to dinner when I want to, etc. I could easily have been more careful. I may even try a no-spend month. But that might be better left until April when I’ll at least have work to fill my time again. I am going to try to adjust my budget to reflect my lack of income for the next few months.
I’m getting jacked. I always work out a lot, but I’ve been going to the gym for at least 2 hours on most days. I go for a run, do some weightlifting and then go for a walk with a friend later on during the day. Considering it’s a flat rate cost of $43 to use the gym each month, it’s a free way to get out of the house and do something I love at the same time.
Loan payments will be cut back to their minimums. It’s definitely not my ideal situation but it just means that come April I will have to make a great commitment to repayment in order to reach my goal of $10,000 in repayment for 2013.
I am striving to get through the next few months with at least a bit of money left in my bank account. It’s already midway through January. I think time will fly and it will be April in the blink of an eye.