New Jersey’s unemployment rate is still up at around 9% and many families are trying to adapt to losing a paycheck. One parent being unemployed is enough to shake up a family’s finances and cause stress in the household.
Adapting to your new normal can be smoother if you relax a bit and don’t panic about the future. You can learn to live off less money but you will have to make some changes around your household.
The first mistake that many parents make is to try and hide their new financial situation from their children. If you are honest with your children but don’t scare them, they can understand that you cannot buy a new video game right now. Children are resilient and really don’t care about money as much as you think that they do.
If you don’t show them that you are totally in panic mode, they will adapt to any temporary changes that you need to make in the household.
more about dealing with unemployment here
Look at your unemployment as a chance to spend more time with your children while you look for a new job. Unemployment can be a good thing for re-evaluating what you want out of your career and can give you a second chance at trying out something new.
Many of us need to take a break sometimes to look around us and see what good we have in our lives. Working parents often are so busy that we forget what is most important to us. Look at your unemployment as a wake-up call. Take this time to find ways to live off less money and enjoy the extra time you have with your children.
You will hopefully be back at work soon and will not get a break like this for awhile.
Check out the following link for New Jersey families who are coping with unemployment. There are valuable links to resources for utility assistance, food stamps and more.
Help for Unemployed with Families in New Jersey