Losing your job during the coronavirus pandemic can be one of the worst things to happen to your finances. With jobs being scarce, you might find yourself out of a steady income for several months. This can make some people feel hopeless and unsure of what to do. Having some financial tips designed for unemployment might be able to save you a lot of stress, time, and money. However, if you find yourself falling into bankruptcy, then try talking to a Tennessee Bankruptcy Attorney for help.
Tennessee Financial Tips for Managing Money After Unemployment
One of the first ways you can manage Tennessee finances after unemployment is by searching for any way you can make money in the meantime. At this point, making money sooner than later is vital if you have bills to pay, debts, student loans, and other financial responsibilities that depend on a continuous income. Unless you have a vast amount of savings built up, you can rapidly run out of money.
Look for part-time jobs, contract work, temporary jobs, family jobs for pay, and simple things like mowing lawns for money. If you are really desperate and have not found a temporary job yet, then consider selling things you are willing to let go of or try asking your family for financial help. Be careful about borrowing large sums of money, even from family members, because this can turn into legal situations when things go wrong. Try to only borrow what you need.
If you have to borrow a loan, do not use loans for anything other than financial necessities like house bills, and make sure you know what interest rates you will be charged. Explain to your creditors that you lost your job and negotiate lower payments or alternative payment plans. Use smart shopping strategies to save money on Tennessee groceries. Consider temporarily dropping paid-for services like Netflix or the internet until you find a job.
Where to Find Tennessee Unemployment Relief Resources
Not everyone is aware of the Tennessee unemployment relief program they can apply for if they lost their job during the coronavirus pandemic. This program is helpful for people who have lost their job and are having problems finding another job to manage their finances. What you will want to look for if you are interested in this is the Unemployment Insurance Relief During COVID-19 Outbreak program.
You can apply for this program by filing an unemployment claim with the Tennessee unemployment insurance program. This application can usually be done online, in-person, or by phone. Prepare to answer questions about your job history, identifying information, and finances.
Bankruptcy Attorney in Chattanooga, TN
Trying to find another job during the pandemic can be hard enough, but rebuilding your finances after unemployment can be overwhelming. Consider reaching out to our experienced lawyers in Chattanooga, Tennessee and North Georgia if you find yourself slipping into bankruptcy. Call Tom Bible Law at (423) 424-3116 to speak with a Bankruptcy Lawyer in Tennessee for a free consultation today. Our legal team of Tennessee bankruptcy attorneys is located in Chattanooga, Kingsport, and Tullahoma.