6 Expenses to cut immediately if you lose your job

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29 Jan

Donna Taylor Blog 0 0

Nixing these payments will stretch your budget during a period of unemployment. Sometimes, unemployment can strike out of the blue. Everything seems fine one day. And the next day, you’re out pounding the pavement looking for work. While unemployment insurance and an emergency fund can make a big difference when it comes to financially surviving a period of joblessness, another key step in ensuring that you make it through to your next job is cutting back on some of your expenses. Here are six purchases on which you should cut back immediately if you lose your job:

Netflix, Spotify, and other streaming services
Dining out
Services you can do yourself (laundry service, house cleaning)
Cable television
Gym memberships and club memberships
Small treats (coffee at the coffee house, etc.)

About the Author

Written by Donna Taylor

Rev. Dr. Donna Taylor is the Pastor of Andrew Chapel, United Methodist Church on the Northern Neck in Montross, VA. Rev. Dr. Taylor promotes best practices for financial literacy and financial empowerment in the church and leads workshops throughout Northern Virginia. Currently, she serves as the Chair of the District Finance Committee. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, VA. Rev. Dr. Donna Taylor is married to Dr. David Taylor, who is also the Director of our church-based free clinic. They have two adult children and three grandchildren. In her leisure time, Rev. Dr. Taylor enjoys traveling, jogging, weightlifting, swimming, yoga, and interior decorating. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, Virginia. Rev. Dr. Taylor was born and raised in New York City and recently discovered her ancestral roots in Guinea-Bissau, West Africa. Rev. Dr. Donna Taylor is married to David Taylor and they have a son and a daughter. Their daughter is a educator and son is an Active-Duty Senior Seaman in the Navy married with three children. In her leisure time, she enjoys traveling, reading, swimming, writing poetry, crocheting and spending time with her family.