When a worker faces less earning power their financial obligations remain or even escalate from their reduced disposable income. Walthew Law attorneys work to protect such employees legally.
If a worker is struggling to make ends meet or is living on a shoe string budget, pay day after pay day, it may be time to think of a permanent way of fixing their financial obligations. Here is how to go about it.
Decide whether you require a permanent or temporary fix
Access your situation and decide what sort of a solution you need. Is it a temporary or a permanent financial situation? Rather, consider how serious your financial crisis is. Then, draw a budget and determine the least amount you require to lead a comfortable life. If it is temporary you might consider taking a part-time job.
Managing Two Jobs Seamlessly
A full-time job is exhausting on itself let alone adding a part-time one. A part-time job can be a quick fix for your financial crisis. However, you need to seek a long term solution for you to actualize your financial goals.
When taking the option of a second part-time job, bear in mind that it can drain you. It also cuts down your social life engagements.
But if a pay rise is not forthcoming consider the following options.
- Take time for the best pick of a part-time job
- Do you have the required skills and aptitudes?
- Consider your professional training and seek fields that can absorb you without requiring you to acquire additional specific training.
- Consider if taking two part-time jobs gives you a worthwhile reason to drop your full time job.
- Consider freelancing jobs since they are an easier way to get that extra coin.
- Plan your time
It is likely that you have to compromise some areas of your life e.g. a hobby, house chore and other social engagements.
So, write down a schedule of how to spend your time for work and other activities. You might need to reschedule some activities so that you do them periodically or otherwise.
3.) Take care of yourself
As much as you need to fix your finances, you do not want to do it at the expenses of your health. Ensure you find time to relax, work out and get sufficient sleep. This refreshes you and rejuvenates you therefore preventing a possible burn out.
Ensure to eat healthy otherwise you will not last to realize your intended financial goal.
4.) Use the extra cash earned to achieve your planned goals
Once you get the money from the alternative source, be keen to follow your budget and use it for the overheads indicated. This encourages you to realize your goal quickly making your extra time and effort count.
Be careful that your second job earnings is not used to sustain it all together. For instance, increased expenses on transport, changing your wardrobe required in the part-time job, shouldn’t take up the earnings you were pursuing.