Millions of people are still unemployed due to the COVID-19 pandemic. However, many state governors believe that additional unemployment benefits deserve at least part of the guilt.
As of May 26, at least 23 governors have announced that they will be stepping back prematurely from the $ 300 weekly federal bailout provided under the US bailout plan, which is slated to end by September 6.
If your state is among the 23 states that end unemployment early, don’t wait for action to be taken. Additional benefits end as early as June 12 in some states. Here are eight steps you must take before your benefits expire.
8 things to do if your state ends unemployment prematurely
Even if your benefits are certain for now, come up with a plan as soon as possible. Other states might follow suit, and regardless, September will be here before you know.
1. Make a bare bones budget
A Bare bones budget includes only your basic needs: housing and supplies, food, health care and minimum debt payments. Make an absolute budget and make a living on it now so that you can put away any extra money you get now to cover the expenses once your federal benefits are up.
2. Look for a job in an industry that is quick to hire
If you’re still looking for something to do, go to a Bridge job. Basically, it is any job that will help you pay the bills, even if it isn’t your ideal job. With many companies currently struggling to recruit employees, they may be able to negotiate better wages than they did in days before the pandemic in areas that traditionally have not paid well.
For example, these 160,000 restaurant jobs Pay over $ 10 an hour. Hospitality, retail, and hospitality employers hold job fairs across the country, many of which are hired locally. Also check out The Penny Hoarder’s Job-from-home job portalwhich regularly contains remote entry lists.
3. Take up a sideline
Your goal here is to find a way to generate income before your accomplishments end. There are many simple ones Background noise You can now start making extra cash with low up-front costs. Some ideas are:
- Drive for Uber or Lyft. Carpooling agencies Uber and Lyft have a driver shortage that allows drivers to make money $ 25 per hour or more in some markets.
- Do odd jobs with TaskRabbit. Use the app to get in touch with people near you who need help with tasks like furniture assembling, cleaning, and painting.
- Deliver groceries via apps like Instacart or Shipt.
- Babysitting. Find appearances through sites like Care.com and SitterCity.
- Pet care and home care. When people resume their travel, they will need services such as pet care and home care that have not been in great demand over the past year.
4. Look for rental assistance
Congress has allocated nearly $ 47 billion to help needy tenants, but getting a chunk of that money is incredibly complex. How Vox reportedMore than 340 agencies manage this help with their own rules.
A good resource for navigating this process is the 211 hotline operated by United Way. You simply dial 211 and you will be connected to someone who is knowledgeable about resources in your community. Because of the lengthy process, it is important that you complete this step as soon as possible.
5. Get food aid
The 211 hotline can also connect you to pantries in your area. Now, if you can get help from a grocery bank and reduce your grocery bill, try putting extra money into emergency savings.
Also visit profit.gov to determine if you are eligible for SNAP benefits. It can take up to 30 days for you to receive benefits as part of the regular application process. However, depending on your state, you may qualify for expedited benefits.
6. Contact your employment office
You may still be eligible for your state’s unemployment benefit, but the rules vary by state. Most countries have a limited amount of time you can get benefits. Some federal states are also ending federal programs that extend benefits for employees who would otherwise have also exhausted the benefits Pandemic unemployment assistance for gig workers who would otherwise not be entitled to benefits.
As difficult as it may be to deal with your state employment office, it is important that you contact them immediately to find out if you are eligible for government assistance. In some cases, you may need to re-apply or apply for an extension.
7. Ask your creditors for indulgence
Although banks are no longer promoting leniency programs like they did a year ago, check with your lenders to see if skipping or deferring payments is an option. The best time to do this is always before you miss a payment.
Be sure to ask how they report your payment status to the credit bureaus. If your payments are deemed to be in default, yours will Credit score will sink.
If you have federal student loans, take advantage of them automatic forbearance This applies at least until September 30th. You can request a refund for any payments you have made since March 2020.
8. Do not pay any debts if you endanger your health or your home
In an emergency, you may have to decide which bills to pay. If your unemployment benefit ends prematurely before you have found a job, you may find yourself in this situation.
Try to work with your lenders. But focus on paying rent and utilities, keeping groceries on the table, or getting any medication you need before making any credit card or loan payments.
Yes, if you miss payments without your lender’s permission, you can have a negative impact on your creditworthiness. But you can recover from bad credit. While your credit score is important, your health and housing are far bigger priorities.
Robin Hartill is a certified financial planner and senior writer at The Penny Hoarder. She writes the Dear Penny personal finance advisory column. Send your tricky money questions to [email protected]
This article originally appeared on www.thepennyhoarder.com