WHAT TO DO IF MONEY GETS TIGHT – REWORK YOUR BUDGET

You can’t afford to spend as much as you did when you were employed. Your primary source of income no longer exists. Write down your expenses and differentiate between what you must spend money on as opposed to where you want to spend money. Contact your internet, cable and phone providers to see if you can obtain a discounted rate. Contact your insurance company to see if there are ways to reduce your home or auto insurance rates. If you live alone, consider a roommate. Eliminating unnecessary expenses will give you some extra breathing room while you are conducting your job search. Once you’ve identified expenses you can eliminate, rework your budget. Review any emergency fund money or savings you have and figure out how long it will last.

TRACK AND PRIORITIZE ALL SPENDING Write down everything you spend in a month. Then list your bills in order of priority. Paying your mortgage or rent and your utility bills should be on the top of your list. Trim your grocery bill by shopping at discount stores, use coupons and buy generic items.

CONTACT CREDITORS Your creditors can become your ally especially if you have a track record of paying your bills on time.

  • Call your credit card companies and ask for a lower rate or transfer your balances to obtain a lower interest rate.
  • Check to see if you’re paying for credit insurance that would make payments for you for a specific timeframe.
  • Institutions who have granted you loans will often defer payments for a period of time and add them on to the end of your loan if you have a track record of prompt payments.

GUARD YOUR ASSETS If at all possible, refrain from the temptation of tapping in to your retirement funds. This could result is large financial penalties. Use your home equity with caution. You home equity is protected in bankruptcy court, so you want to guard your home at all costs. A bad credit rating is a burden you would have to bear for a time, but losing your home could be a far worse scenario. Conduct research to see if it is possible to refinance your mortgage.

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What Clients Say About Patrice & Associates

  • Karen was amazing and very helpful through the interview process with my CEO management opportunity. Karen helped and coached me to prepare myself for the interviews. With Karen's help and my experience I feel that it was a perfect fit for Me.  It's pretty awesome to come back to work in my home town and connect to the community again 2o years later.  It awesome to be close to my family and old friends. I'm happy and proud to say that I'm working for a company that values and cares for there employees. I feel like this is a great opportunity that will open doors for my future. Thank you for your time And big thank you to Karen, she is amazing! Ron G Karen was amazing and very helpful through the interview processChief Experience Officer, BC
  • I am grateful for my experience working with Cara, she was awesome! Always easy to reach via texts, emails and phone. It felt like Cara was on my side and wanted what was best for me. Wrote an amazing resume. She helped set me up with all my interviews, provided interview coaching to help me land the job. She also checked on me completely throughout my whole experience. The best part is how she kept in constant contact with me throughout the process, so I was never left wondering and was very supportive throughout the interview process. I'll definitely highly recommend her in the future! Sincerely, Andrea I am grateful for my experience working with Cara, she was awesome!
  • "I was very lucky to get recruited by Cara and the Patrice and Associates team. From start to finish Cara made me feel like I was the right person for this new step in my career. She was very easy to talk to and brought the best out of me when it came to preparing for my interview. I couldn't have asked for a better person to help with this transition and this great opportunity would never have happened without Cara. Thanks!!" - Chuck A I couldn't have asked for a better person to help with this transition
  • I must say at first I was a little skeptical on what Stephanie was doing with my resume but now after seeing the results I am so glad listened instead of reacting. I will definitely continue with this company and I've already started to recommend Stephanie and what she can and is more than willing to do for each individual.

    Eddie Zepeda I've already started to recommend Stephanie
  • During my 20+ years career in hospitality I had the opportunity to work either directly or indirectly with several recruiting firms and individuals. My most recent job search lead me to Bruce Leininger with Patrice and Associates. Bruce is one of those rare individuals who combines needs of the employer with knowledge and skills of the job seeker. He sees both perspectives, analyses where there is common ground between employer’s culture and applicant’s strengths, then delivers a candid assessment to both parties. Bruce was relentless in pursuit of job opportunities and in finding the “right fit” for my career profile. EVERYTHING that Bruce said and promised in his introduction to me was delivered, and even MORE! Most importantly I truly felt that Bruce was genuine, understanding and caring in regards to my specific needs and goals. As far as I am concerned when it comes to recruiters, there is Bruce and then there’s everyone else. Ned Mirkovic, Hospitality General Manager When it comes to recruiters, there is Bruce and then there’s everyone else.