woman has to deal with jo loss

How to Deal With Job Loss

With the unemployment rate at 7.9 in September 2020, many people have to cope with unprecedented financial crises. It is one of the most stressful situations in a human being’s life and can be hard to accept. To deal with your job loss, you need to accept your circumstances and act proactively. You need to create a budget, speak to creditors, and change your spending habits. You also need to find part-time work, keep physically healthy, and make lifestyle changes. It’s a tall order, we know, but we’ll show you how to do everything!

There are ways to be proactive and not end up overwhelmed by your circumstance. You can start now with some tips on how to cope with job loss. And, if you find you need fast cash to handle an emergency Kentucky payday loans are here for you.

Speak to Your Creditors

When you lose your job, it is easy to become swept up in despair and fail to act decisively. Instead of waiting for payments to fall into arrears, you contact your creditors and explain your situation. Often lenders will be amenable to extended terms of repayment so that you may lower your monthly costs. Consult your credit providers for temporary relief systems that many providers put in place to aid those affected by the COVID-19 crisis.

Know Your Financial Status

As tempting as it is to bury your head in the sand, you should take a serious look at your finances when you lose your job. Once you have calculated your monthly costs and savings, you are better equipped to plan a financial strategy that works for you.

Create a Budget

If you look closely at your monthly spending habits of the previous months, you more easily see the areas where you can afford to cut back on spending. Entertainment and luxuries like eating out or even expensive memberships must be the ones to go first. You need to ensure that the money you have is funneled into necessities, not luxuries.

Keep Yourself Healthy

An often-overlooked factor in those unemployed is how important physical health is for your mental wellbeing. With the extra time on your hands, try and keep your body active and eat healthily, keep your stress levels down, and be more positive in your outlook.

Try to Find Part-Time Work

With the advances in this digital age, there has never been more opportunity to find part-time work online. You may offer your skillset to one or several employers online until your job prospects are improved. If your skills don’t translate well to online work, you could try writing content for blogs in your field of interest or hobbies. Even if you are paid less than your previous employ, every little bit helps when you are down on your luck and, as long as you can prove that you have some form of income coming in, you’ll be able to secure a payday loan online which can help you bridge the gap between paydays in emergencies.

In the Event of an Emergency – Payday Loans Can Help

If you find yourself between unemployment checks and in need of cash for an emergency, online lenders are willing to give you a payday loan even if you are technically unemployed. As long as you provide proof of your unemployment payments, many will approve your application. A payday loan is a short-term loan option type that allows you to leverage any income in order to secure up to $500 in the state of Kentucky. Here’s how they work.

What are the Advantages of Payday loans?

Payday loans are fast, easy to apply for, and they aren’t based on your credit score. Even low and non-existent credit scores are accepted and you don’t have to provide many lengthy supporting documents such as in a bank. Here’s a breakdown of these advantages:

  • You don’t need to approach the bank and stand in long lines
  • Applying and being approved can take as little as 30 minutes
  • All credit is accepted
  • The funds are deposited directly into your account


 woman happy about easy payday loan requirements


Applying for Payday Loans Near Me

We make your search of finding fast payday loans near me easy, thanks to our online form that allows you to select from our locations. Simply by filling out the fast online form, you’ll receive a call from a loan representative who will schedule a face-to-face meeting during which you’ll supply the following pieces of information:

  • Your driver’s license
  • Your proof of income
  • And a blank check from a bank account in your name

You’ll find out how much money you’ll receive and, once you’re comfortable with the process, you’ll be able to use the money to handle your emergency. Sudden unemployment is terrible. It’s stressful and it can impede your ability to provide for yourself and your family, especially when an emergency arises. Don’t succumb to what you’re going through. Use a payday loan Kentucky to gain control of your situation.


Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.