How To Survive Covid-19-Induced Unemployment

Article about How To Survive Covid-19-Induced Unemployment

Published by

Artur Meyster activities: , , CTO

Jan 25, 2021

If you are among the millions of people who lost their jobs during the Covid-19 pandemic, you might be wondering how you can protect yourself from financial misery. Many people didn't panic right after the first lockdown because they had money saved up. One year later, things are yet to go back to normal and savings are running out. Whether you're still unemployed or you're trying to protect yourself from sudden unemployment in the future, this piece is for you. 

 

1. Apply for Unemployment Benefits 

If you don't have a significant amount of money saved up after you lose your job, it would make sense for you to apply for unemployment benefits. The United States has been handing out stimulus checks to those who lose their sources of income during the pandemic. It's no longer limited to those who had full-time jobs before the pandemic. Even entrepreneurs and small business owners can benefit from these unemployment benefits in the Covid-19 era. The stimulus checks will keep you going until you can get a more sustainable source of income. 

2. Put Your Health First  

It's easy to neglect your health especially when you are unemployed but you should always try to put your health first. If you don't, you'll end with health challenges that you can't afford in your current unemployed state. Don't think too much or stress out about your current circumstances. Keep your mind and body busy by starting a fitness regime. You don't need to go to the gym. You can find an ideal home workout and diet plan online. A good workout plan should have a combination of strength training and cardiovascular exercises. Don't forget to eat balanced meals. 

3. Cut off Luxuries  

If you're used to vacations, casinos, shopping for luxury clothes, and other luxurious activities, you might want to put a stop to these activities. Removing luxuries from your budget will allow you to spend on only the most important things. You can always spoil yourself when you find a new sustainable source of income. Make sure that your budget is made up of necessities alone. 
 

Things to Protect You in Case of Future Unemployment 
 

1. Learn to Code 

To protect yourself from future unemployment and prevent financial struggles, you should consider learning how to code. Right now, coding is one of the most in-demand tech skills in the world. As the Covid-19 pandemic started and many people lost their jobs, tech workers moved to remote offices. Tech companies thrived and recruited new people to meet the growing demand for their products and services. You can learn how to code by taking an online class on Computersciencehero.com or Bootcamprankings.com

2. Fill Your Resume With Transferable Skills 

Transferable skills are also in high demand these days. These skills can be used across industries. They include communication, problem-solving, computational thinking, and creativity. Another vital transferable skill you should develop is adaptability. The workforce is ever-changing and only those who can adapt will remain relevant in the years to come. Adding these transferable skills to your resume will increase your chances of getting employed in the Covid-19 era and beyond. 

3. Start an Online Business on the Side 

There are millions of online businesses in the world today but there can never be too many. The Internet provides an audience made up of people from across the globe. If you have a skill that can be sold as a service, marketing it online as your side business will offer an additional source of income. One of the most popular skills you can use to make money online is writing. If you're good with languages, you can become a freelance translator. You can also start a dropshipping business. All you need is a strong social media presence and a website if possible. 

 

Conclusion

Coping with unemployment is hard especially when you have to worry about your health. Many people are afraid of physically going out to apply for jobs because they don't want to get infected with the coronavirus. If you find a remote job, you can make the money you need for your daily needs. While you wait for your dream job, take an online job training course that will help boost your resume. 


Articles authored by Artur Meyster