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No job, no unemployment. What to do?

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by KVUE News

Posted on November 2, 2009 at 6:03 AM

Updated Monday, Nov 2 at 10:45 AM

With the economy still in the doldrums and millions of Americans still out of work, many may ultimately face a future with no job, and no more unemployment benefits.  What will they do? 

Money reporter Stacy Johnson has some answers. 

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nashb said on November 3, 2009 at 10:11 PM

In this economy we have now, when we badly needed cash on hand, payday loans are our first option. If you want to start some credit repair, you have to be sensible. The best way to go about credit repair is to pay down debt and save money. There are two costs – fixed, and variable. Variable expenses are the easiest costs to save on. For instance – only use heat in your home when you are there. Buy generic, not name brands, and don't buy prepared food – buy ingredients and cook at home. (You eat cheaper, healthier, and cooking can impress your love interest or at least get you points with the spouse – triple threat!) Also, if beginning a regimen, using small personal loans instead of credit cards isn't a bad move either.

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