Tag Archives: unemployment

9 thrifty tips for your next job interview

posted by in Budgeting 2 Comments

Our blogger pal Penny Golightly has learned many a useful tip while living well for less. Today she wants to share some advice on how to handle the dreaded job interview. Over to you, Penny!

First impressions are everything!

First impressions are everything

If you have money worries, getting a new job can be a great help.

But how do you smarten up for that all-important interview if you’re on a very tight budget?

In addition to looking at how to get some dapper threads on the cheap, we’ll look at some interview hacks that cost nothing but can prove priceless when landing you that job!

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How I supported my partner through redundancy

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You can get through this by working together

You can get through this by working together

Redundancy is far from a pleasant thing to deal with. That’s why it’s important that a person going through redundancy gets the support they need from their partner – emotionally as well as financially. How do I know this? Because in 2012, out of the blue, it happened to us.

I remember my husband telling me he’d been made redundant like it was yesterday. He looked so worried, so uncertain of what lay ahead. We hadn’t had any major money worries since we were students, and now it would be up to me to keep us trucking along until he found work again. I had this dull, heavy feeling in the pit of my stomach thinking about how we would cope.

Thankfully my hubby was able to find work within a few months, but not before we learned some very valuable lessons about our finances during his time out of work.

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Borrowing to cover job loss or ill health (debt danger sign #5)

posted by in Living with debt 1 Comment

Mini Graphic 5As part of Debt Awareness Week we’re discussing the five danger signs to help you avoid them, or if you’ve tried to deal with your finances in this way, how to get help sooner.

One of the more unfortunate danger signs is using a debt to cover living costs following unemployment or ill health. Having a sudden drop in income will always be a huge blow but for some it can be worse than others.

Relying on credit to survive can seem like a lifeline but it can actually make things much worse.

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Are you part of ‘generation debt’?

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Young people are struggling to find work the most

Young people are struggling to find work the most

If you’re under 25 you might be feeling like you’re having a tougher time with money than everyone else. Well, I’ve got some news for you – you could be.

More than any other age group, under 25s are feeling pressure, especially from unemployment.

Out of all the age groups that get in touch with us, it’s the under 25s who are most affected by a lack of work. A term has arisen for under 25 year olds in this predicament – ‘Generation Debt’. How has this come about?

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Payday loans with no payday

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Recently we released figures showing that an increasing number of our clients who are unemployed are also struggling with payday loans.

In 2009 we counselled 283 unemployed clients who had payday loans. By 2011 this figure had risen to 1,243 clients.

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Are you a ‘baby buster’? Young people disproportionately affected by the economy

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Wallet with pound coins in

Counting the pennies…

We’ve released a report today that finds that young people are “disproportionately affected by the deteriorating state of the economy”. What can you do if you’re affected?

[What do you think? Are you in your 20s and in debt? Have your say on our Facebook thread or in the comments below]

The StepChange Debt Charity Consumer Debt and Money Report Q1 2012 (PDF) report, commissioned by us and produced by the Centre for Economics and Business Research, found a range of financial issues besetting young adults.

We’ve called this generation ‘baby-busters’: those who missed out on what the baby boomer generation took for granted.

So what problems did the report find?

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