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There are times in our careers when we have to deal with conditions that affect our ability to work. Whether we work in seasonal employment, go from job to job, or we have to face layoffs, shutdowns, lockouts, medical absences, or other events that could interrupt our steady employment, we have to be able to prepare financially. It's important to have contingencies, or "rainy day funds" available (whenever possible), that allow us to continue to pay our bills, feed our families, and enjoy our lifestyles without disruption.
However, we don't always have the ability to plan ahead, and we can't always save for the future when we're living paycheck to paycheck, or we have other financial commitments that prevent us from saving the money we would like. So when we must deal with an employment crisis that leaves us without an income, we must look to other sources or services to tide us over until the situation is resolved.
In these instances, we might need to rely on our credit cards, or family members or friends. We might need to mortgage our home, sell our car, or liquid some of our assets. Or, if we're fortunate enough to have good standing with our bank, we can access services like a line of credit, overdraft protection, or a personal loan. But, if the situation is immediate, we might also have to look at services like payday loans, cash advances, or short term loans to tie us over until those other finances (unemployment insurance, loan approvals, wired funds) become available to us.
While we would all like to avoid these situations entirely, events are often outside of our control, and so we have to look at our financial options when these things occur. So just remember to have a plan in place, whether it's your own money, or a way to access money when you need it the most. |
