Dear Debt Adviser,
I lost my job in early August to “workforce reduction,” and I have not been able to obtain another job yet. I have now started looking at jobs that pay only about half what I was making. Along with unemployment, we have enough savings left to pay our bills for about three or possibly four months. I’m beginning to worry I may not have a job when our savings run out and unemployment does not begin to cover our monthly expenses. Is there anything I can do now to maybe ease the burden if and when our savings run out and we can no longer afford the mortgage and other monthly expenses?
— Terry
What to do when unemployment runs out - Yahoo! Finance
Read Yahoo Finance & Bankrate.com’s Debt Adviser answer here.
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