Are You Unemployed And Wondering How To Save Every Cent?

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Unemployed how to save every cent
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When you are unemployed the dynamics of money management change even further. It’s not just easy to keep on paying the bills and spend lavishly on your lifestyle when you actually don’t have any source of income. For those who are unemployed how to save every cent means a lot more than just the petty cash. Specially when you don’t seem to get regular payments or income. So we have some wonderful tips on saving money while you search for a well enough, full time job to cover your bills.

Ways to save money when you are unemployed:

For those who live on a shoe string budget every cent counts and despite how much you try, it’s likely to end up with less than what you actually need to cover the bare minimal necessities of your life. Amid all this the most important question arises how to survive unemployment and not let your stress take over these tips on saving money as you are in dire needs for saving. Check out the below tips on how to save every cent:

1- Stop collecting and start selling:

Stop collecting and start selling
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Thats actually a lot more relief for if you have ample clutter at home and maybe no use for anyone living at your place. This can become a good source of quite a few bucks which would help you through this trying time. Begin collaborating with garage sales, craiglist or any local community sale drive. Be sure to clean and perk up your belongings which you wish to put out for sale. And price them at around 60% of market value if you believe that the item is in excellent condition. For any item in average condition price at 25% it’s market value

2- Switch off the electronics at home:

Switch off the electronics at home
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Specially the TV, you need to save on power and water too. Be sure to use only adequate amount of heating or cooling at home, and avoid wasting on these bills. This not just lowers the electricity bills but also helps you focus on more important things in life which will help you plan your life ahead

3- Repair broken instead of tossing it:

Repair broken instead of tossing it
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Now is not the time when you could toss it all for just a broken or torn part in your clothing or furniture or accessories. Learn to make best use of each item rather than replacing it with a new one. Learn basic sewing skills, carpentry and car mechanics and get your own repairs done, this will not just help you save money but also keep those items in working condition for long.

4- Drink more water:

Drink more water
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Drinking water not just has health benefits but financial benefits too. Just have a glass or two of water before every meal to stay fuller for longer and save some cents too. Also drinking water instead of beverages at restaurants saves some money too.

5- Prepare meals at home:

Prepare meals at home
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Avoid eating at fancy restaurants and fast food joints. They not only cause health issues but incur heavily on pockets too. Preparing in the old crock pot not just saves time and money but also adds upon the health. Buy the grocery from cheaper farmer markets or stores around, and avoid fancy stores with higher price tag per unit.

6- Compare prices and check deals and discounts:

Compare prices and check deals
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Register and subscribe for email discounts and deals at your favorite stores. Also compare prices online and at other local stores. Walmart offers price match which can be easily done and checked for better prices around.

7- Plan your expenses ahead in time:

Plan your expenses ahead in time
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It is very important to plan your expenses ahead in time. If you wish to buy winter outfits just at the onset of winter the prices would be soaring high and if you bought the winter outfits 7-8 months in advance at the clearance of winter stock just around spring, it will help in saving quite a few

8- Avoid impulsive buying:

Avoid impulsive buying
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Now is not the time to go stressed out shopping. You need to focus on just the items you need and keep other lucrative offers away. Even if the items are at 99% off you need to check if you actually need them at this time.

9- Cancel unused memberships:

Cancel unused memberships
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Be it the club you just love or the gym you never have been at, they are just taking a toll on your pockets. You need to cancel all such memberships which are just a liability on you and are actually of no use in this time

10- Chuck credit cards:

Chuck credit cards
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For keeping you away from spending incessantly you need to bid adieu to your credit card. Credit cards spoil your money and budgeting basics and your finances go out for a toss. Keep cash if possible as thats the most economic way to shop. Else debit card, and be sure to spend only 70% of what you planned to when going to the store. This will help you in keeping the finances managed extremely well

11- Buy generic brands of items you buy regularly:

Buy generic brands
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Generic brands or local store brands are cheaper than others, pick an equate, great value or a mainstays at Walmart as they are definitely much lower than any other their competitors.

12- Use alternate mode of transportation:

Use alternate mode of transportation
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Go for car poling or public transport which is cheaper than driving your own car. For traveling pick deals for flights or greyhound. When it comes to distances around 300-500 miles Greyhound is definitely cheaper and so is an Amtrak. Sometimes you may find flight deals too, but be sure to check all the prices and then pick the most economical one.

13- Apply for unemployment:

Apply for unemployment
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As an unemployed you are entitled for certain help from Government. You need to register to get those unemployment benefits and it may take a few weeks to get them. Thus it’s better to register as soon as possible after getting unemployed

14- Master the 10 second rule:

Master the 10 second rule
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For online shopping it’s important to master the 10 second rule. Add any item you wish to buy and keep t in cart for at least 10 seconds before you checkout. This will help you understand whether you actually need that item or not. 10 seconds give a leeway to prevent you from doing impulsive shopping.

15- Go capsule for wardrobe and for everything else in life:

Go capsule for wardrobe
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A capsule wardrobe is the most interesting and judicious concept of happy living with amazing savings. For everything else also begin living on a set of boundaries. Say for food preferences go green and prepare at home daily, for shopping go to the cheaper stores around, prepare DIY gifts for festival season and stop spending heavily on your alcohol or cigarette. Consolidate whatever you have or own and save money on wardrobe

16- Pick a cheaper neighborhood to live:

Pick a cheaper neighborhood to live
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Renting or leasing expensive places will cause a hole in your pocket, rather pick those places which are cheaper and have everything in terms grocery, shopping etc around. This will help you save on daily commute too

17- Avoid going to malls:

Avoid going to malls
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At malls it is impossible to keep yourself away from impulsive buying. The window displays and the items around exhibiting deals are a reason enough for you to suddenly feel the urge of buying them. They wont otherwise be thought but just being at the mall looking at them makes it dire essential for you

18- Consolidate your student loans:

Consolidate your student loans
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Since the interest rates are very low it’s better to consolidate them for now. Check which kind of reduction works best for you and pick that one for the loan consolidation

19- Use library generously:

Use library generously
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Yes from renting CD, audios, newspaper, magazine, playing games, using internet and meeting ample people; a library has everything you need and for free. Be sure to learn any new languages or courses your library is bringing on

20- Make your cleaning supplies rather than buying them:

Make your cleaning
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It saves quite a chunk and it’s healthy and environment friendly too. Hunt for recipes and ditch the commercial versions which are expensive and harmful too. Check the DIY sections online for more ideas and inspirations.

21- Cut down on vacation spending:

Cut down on vacation spending
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Ditch all the extravagant vacation plans and go for road trip if need be. Also look for converting your miles and getting some travel rewards too. This can be economic and memorable too for the family vacation

Conclusion:

For all those worried and Unemployed how to save every cent is to help you in meeting your daily bare minimal needs to survive. Also some tips on saving money which will help you economize and make a little pool of cash for yourself for this trying time.

Unemployment or layoffs are truly the most scary word in corporate world today, and people have been affected more than ever due to continuous advancement and economic volatility. There is nothing which is stable, and you need to reinvent yourself constantly to be employable. Be sure to brush up your knowledge and skills every few months, and be current in all technologies and tools of trade needed in your kind of job. There are a lot of programs running free online, which not just help you get better insights but also helps in making you far ahead than your peers. Remember to take up any opportunity which looks worthy, and make sure to switch in time as; lets accept there is no company which pays you just for being loyal. You need to be employable and then be loyal for keeping the job intact.

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