When there’s no job and the pay-check dwindles,
you’re not without resources. Take stock of all
non-dollar resources you have as a family.
Among these assets are time, knowledge, possessions,
property, and creativity.
When you’re between jobs, the paychecks
stop but the bills keep coming.
When you don’t have enough money to
cover basic living expenses and to pay all your
creditors, you face difficult financial decisions.
Faced with reduced income, you’ll need to
cut back on spending and develop a plan
to pay your bills. If your income will be down
for more than a month, adjust your spending habits
to maintain control of your finances.
When your income drops suddenly, your first
concern may be to pay your bills and meet your
day-to-day expenses. Instead, look at your total
financial picture and determine which assets
you might use to meet your obligations.
Published April 1981. Facts and recommendations in this publication may no longer be valid. Please look for up-to-date information in the OSU Extension Catalog: http://extension.oregonstate.edu/catalog
Published September 1990. Facts and recommendations in this publication may no longer be valid. Please look for up-to-date information in the OSU Extension Catalog: http://extension.oregonstate.edu/catalog
Published April 1982. Facts and recommendations in this publication may no longer be valid. Please look for up-to-date information in the OSU Extension Catalog: http://extension.oregonstate.edu/catalog
Published March 1993. Facts and recommendations in this publication may no longer be valid. Please look for up-to-date information in the OSU Extension Catalog: http://extension.oregonstate.edu/catalog
In many ways, losing a job is like losing part of
yourself. Your lifestyle suddenly changes. Schedules
and routines that controlled a large part of
your time are no longer there. You lose contact
with former co-workers and friends.