What if You are Expecting and Your Husband Loses the Job

Though the rate of unemployment has dropped, does not mean that unexpected layoffs are not targeting employees. Here is the story of a couple who struggled with unemployment after conception.

Sharon was pregnant by one month when her husband, John, lost his full-time job. It was a rude awakening; they felt as if they had been thrown off the cliff, leaving them paralysed, somewhere between life and death. They knew very well that the sudden stroke would take emotional as well as financial toll. It left them mind boggled to decide on whether to terminate the pregnancy or not; it was like being between the devil and the deep blue sea.

Since Sharon knew that the last decision of lasting her pregnancy would be hers only, she refused to let unemployment clobber over her motherhood.

They had to maintain the balance between their finances and the new guest who had yet to come to the world. John got down to finding jobs. He put in for a job at several companies, but to no avail. Time was passing by as quickly as sand slips from the fist; he had to do something as quickly as possible.

Fortunately, he had some money as emergency cushion and he could avail benefits from government. He took out loans for unemployed. Landing a new job in his field was getting complex with each passing day, so he decided to grab any work. He started doing every tiny work from delivering food to household cleaning services.

To survive, only John’s income was not sufficient, which led Sharon to write for clients in exchange of a few pounds. The due date of the loan came and went, but they continued to be badly off. Interest penalties and medical bills added up.

They cut down on their expenses, skipped impulsive purchases to save extra money that they could use to settle their debt. Slowly and surely, they got more and more work that led to building of savings account, and finally four months later John landed a new job and they started earning above their cost of living.

Now that you have got a brief idea of how you should brace yourself to tackle this situation. Here are the tips that can help you keep your head above water:

Budgeting

Whether you are a sole breadwinner or both of you are earning, create a budget to track your spending. You must save at least 20 to 30% of your income because you may have more money drained away in medical treatment and medicines during pregnancy. Savings can also help you avoid such expenses but taking out unemployed loans may be an option to consider.

Keep your attitude positive

Make you believe, however, it is fact, that unemployment is temporary. Multiple rejections can make you edgy, but make your efforts in the direction of finding a new job. you never know when it can bubble up. Have patience and a positive outlook.

Assess your wealth

Wealth assessment can help you arrange a good amount of money. If the situation is extremely dire, for instance, your mortgage repayments are overdue, you should figure out anything valuable that you may sell. Do not take this decision precipitously.

Borrow from your friends and family

It is very hard to ask friends and family for money especially if you feel it like self-abased. You are not begging money, nor you are being scrounger. You are borrowing money that you will repay as you get back on the track. Your family and friends are more likely to support you if you tell your financial situation honestly.

The best strategy to tackle with unemployment is savings, savings and savings.