Dealing with job loss

Dealing with job loss during the pandemic

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On top of dealing with the panic of the pandemic, some hoosiers are now dealing with no longer getting a paycheck, but there is hope.

Fox 55'sjentill neal talked to financial experts today.

Jentill why are they saying don't rely on the stimulus check and unemployment benefits right now?

Hunter, i know many people are looking forward to the stimulus check and those benefits but the truth is, if you're not too careful you can go through that money quick.

The trustees association of allen county is helping families who've lost their paychecks - all you have to do is apply through their office.> 10:54:39-" you contact your township, they may have you do it electronically.

Smaller townships may do it back and forth in the mail."john henry says apply for all of the benefits you can including snap, and stay intouch with your creditors.

Call your utility companies and see what kind of plans you can set up.

10:56:31-10:56:42"we do understand there are extenuating circumstances in households most commonly is medical expenses- things that take away from basic necessities."while it's helpful to have unemployment benefits the president of howard bailey financial says the last thing you want to do is take these benefits for granted.>12:57:31-12:57:45 "with an additional 600 per week, we're talking 30,000 per year that's being added on unto your unemployment benefits, so if most individuals get our spending under control, we will be able to get by through this."he says the best thing you can do is try to get another job immediately.

Do not wait.> 12:57:53-12:58:01"maybe you're making more in unemployment than what you were making before because that's true for a lot of families out there, you can not get complacent right now.

That will not last forever."

Casey says what's going on is presenting endless opportunities.it's a great time to work remotely and start entreprnuership, if you want to have another stream of income too.reporting live jentill neal ... fox 55