Good habits in good times soften unemployment’s blows

by **Jobless_in_Ma** Mon Mar 07, 2011 6:53 pm

"It helps, experts say, if your financial house was in order before landing in the unemployment line."

http://www.joplinglobe.com/dailybusiness/x651394394/Good-habits-in-good-times-soften-unemployment-s-blows

by chopthis91 Mon Mar 07, 2011 7:07 pm

Jobless_in_Ma wrote:"It helps, experts say, if your financial house was in order before landing in the unemployment line."

http://www.joplinglobe.com/dailybusiness/x651394394/Good-habits-in-good-times-soften-unemployment-s-blows

All well and good if you have no mortgage, no real credit card debt, and a rainy day savings account but realistically how many people have that kind of luxury?

by **Jobless_in_Ma** Mon Mar 07, 2011 7:15 pm

I agree 100%. Most were already in serious debt and upside down on their mortgages.

by Worrier Mon Mar 07, 2011 11:46 pm

It does help if you are in good financial shape before being laid off. My mortgage was paid off and I had substantial savings. Unfortunately three years later still no job and savings are depleted. Still no jobs in my field.