How To Claim Unemployment Insurance
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Unemployment rate has been on the rise world wide because the economy is in a pretty bad shape. With the recession going on, many companies are cutting jobs and holding back new employment until who knows when.
According to the official unemployment data, for every 15 people you know, probably one of them has been through the nasty ordeal of been retrenched last year. Finding work in a bad market is very difficult. It will get worse everyday as more people are being laid off because many more companies are going to downsize or even bankrupt in the coming months. Is there any financial help available if you are unemployed?
Unemployment insurance is actually available for people who are retrenched or unemployed not due to their own fault.
When Market Is Bad, Payoff Your Mortgage
The world economy may be in a bad shape, but that does not mean you should let your finance go into a bad shape too. In this current market condition, it is hard and very unlikely you will find any investment instrument that can yield any positive returns. If you are hording cash because your trust your gut feeling and it tells you that the market has hit rock bottom and you are planning to buy more shares, my advice is - Don’t.
Learn from the 2008 market crash, things can get worst when you least expect it and I call this the “Murphy’s Law of the financial market”.
Well, if you don’t invest your money, you can still generate some returns by stashing your cash in a savings account which yield around 2-3%. If we ignore inflation risk, there is almost zero risk involved in generating this kind of guaranteed return.
Another great way to generate positive return is by paying off your mortgage early. Here are the reasons why.
5 Signs Your Finance Is In A Mess
So, we are facing an economy crisis and very likely this crisis has created havoc to your daily life. Even though the crisis is out there breathing down our neck, some people continue to overindulge and fail to cut down on their expenses. Overspending can put one in a bad debt and mess up both their finances and their life.
To find out whether you are losing your head to this crisis, check out the 5 signs you should watch out.
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