Being out of work is not something anyone looks forward to, save for retirement… or a chance lottery win. If you find yourself unemployed, there are certain terms you should familiarize yourself with in order to be best prepared and equipped to get back into the workforce.
These words are used by employers, agents, the Department of Labor, and others who will be involved during your time unemployed and on your way back to a new job. Hopefully, your unemployment period will be brief, but knowledge is power, so make your time fruitful by learning these terms and getting yourself out there for a fresh start.
Able and Available: When it comes to unemployment lingo, this means you must be ready to work and able to do so both mentally and physically. You must seek out work in your field to the best of your capabilities. Note: these terms are quite different when seen in an online dating profile.
Benefit: This is the amount of unemployment insurance that is paid to a claimant – the person who is seeking unemployment benefits. The money benefits you, therefore the make-sense terminology.
Benefit Year: Sorry, you won't get a full year of benefits, but instead this refers to the one-year time period starting the Monday after the week the claimant files for benefits. The claimant can receive 26 weeks of benefits. Let's hope a new job is landed before then.
Displaced Worker: A person who is 20 years or older who loses their job due to a company closing or moving or a change in company structure resulting in the abolishment of their position with the company. Don't worry, you're new place of business will come along if you keep looking.
Extended Benefits: Bingo! These are the additional weeks of benefits a claimant can get during periods of high unemployment.
Fired: A favorite term from The Apprentice, being fired means you did something wrong at work such as violating a rule or procedure, got into a dispute or fight, or were excessively absent or late for work. Next time, don't do that.
Full-Time Worker: A person who works 35 or more hours per week. Needless to say, a part-timer works less than 35 hours/week.
Job Leavers: These are the folks who quit or voluntarily leave their place of employment and begin seeking new work right away. Well, at least they made the choice to go.
Lack of Work: Some folks lose their job under a claim of "lack of work." Perhaps a division shut down, your job was seasonal, or there was a company restructure. What's lacking in one place can be strong someplace else, if you're a "glass half-full" kinda person.
Let Go: While it sounds similar to the popular song from Frozen, being "let go" means you were fired or discharged because you didn't meet performance standards or the proper qualifications or production as set forth by the employer.
Long-Term Unemployed: Still jobless after 27 weeks or more? Then you are considered "long-term unemployed." Probably not the best thing you've been called.
Mass Layoff: When 50 people or more file initial claims for unemployment insurance benefits within a 5-week period from a sole institution. Massively disruptive to that company!
Maximum Benefit Amount (MBA): The number you're hoping for – this is the highest amount a claimant is eligible to receive within the benefit year.
New Entrants: Welcome to the "real world!" These are the newbies who are joining the labor force for the very first time.
Occupational Illness: This is a sickness, condition, or disorder that resulted from being injured on the job or caused by exposure to factors that caused a disease or illness either acute or chronic. Boredom doesn't qualify.
Reason for Separation: This is why you no longer work. Perhaps you were fired, got let go, or quit. Hey, not everyone's meant to be together.
Re-certify: Each week, you need to prove that you are still unemployed yet actively looking for work. Yes, that weekly reminder is really something an unemployed person looks forward to.
Statutory Week: This is the week of a full 7 days beginning with a Monday. In case you're wondering, a regular week starts with Sunday.
Unemployment Rate: This is the number of people unemployed as a percentage of the entire labor force. Let's hope this rate goes down.
Waiting Period: No money, mo' problems. This is the unpaid time that a claimant does not begin to receive benefits. Benefits begin after a full week of unemployment. If you work at all during that week, your unpaid period will extend to the following week.
Are you currently unemployed? For information about what your next steps should be, please visit USA.gov. Here you will learn learn about apply for unemployment benefits, seek jobs, understand about workers' compensation, how to extend your health coverage, and more.
You can file for unemployment at Unemployment Assist as well. Good luck!
Are you better understanding unemployment? Be smart and serious. A new job is on the horizon if you put your time and effort into seeking a return to employmentville. May the work force be with you.
Between buying a new home and transporting yourself and your belongings to it, moving can be an expensive process. One often underrecognized cost of moving occurs before one's original house has even been sold, and that's staging the house. Homeowners often spend hundreds of dollars making a home appealing to potential buyers. To ease the financial burden of moving, here are several tips for staging your home on a budget.
Downsize Instead of Storing
The goal of staging a home is to create a blank canvas that potential buyers can imagine their own lives painted upon. To accomplish this, homeowners should depersonalize the home as much as possible, removing items that are specific to their family and eliminating clutter. This is where homeowners often incur their first costs as they rush to put as many older things in storage as possible.
To cut costs, focus on downsizing rather than storing items. Look for items that you can sell, donate, or give away. For remaining items, look for alternative places to store them, such as a friend or relative's house. This will also reduce the cost of moving your belongings when it is time to go to the new house.
DIY What You Can
There are times when homeowners should bring in a professional to manage home renovations and decorating, such as when a task requires specialized skills. These types of jobs, when done incorrectly, will incur even greater costs if attempted on your own. However, many of the home improvement tasks that go into staging a home are simple enough that the homeowner can DIY them, such as painting, installing a backsplash, or refinishing the deck. Doing these tasks yourself will save you a significant amount of money.
Don't Redo, Update
Homeowners are often eager to make their houses look as appealing to buyers as possible. However, recall that the point of staging is depersonalization, making a home presentable so buyers can mentally impose their own style onto it. When staging a home on a budget, focus less on completely transforming the space and more on making what is there look presentable. For instance, if you wanted to give your bedroom a facelift, trying to replace the furniture and flooring would be pointless unless it was damaged or unkempt. Simply organizing the space and replacing the bed's comforter would be sufficient.
Another way to update the space without entirely redoing it is to rearrange it to maximize the space that is already there. For instance, pulling the furniture away from the walls will make a room appear bigger and allows more space for those touring the house. Using window trimmings that maximize natural light and incorporating wall mirrors can also make a room seem more spacious.
Raising a larger family than most means that your lifestyle is going to change. Costs will continue to multiply as your family grows larger. However, just because your family is large doesn't mean your quality of life needs to suffer. It just means you need to make a few adjustments to help things work smoother and more efficiently. We've compiled a couple of money-saving tips for larger families to help you get the most out of your dollars.
Always Buy in Bulk
The benefit of having a larger family is that things you buy in bulk rarely ever go to waste. Smaller families can benefit from buying in bulk, of course, but your large family will see the most use out of shopping in large quantities. You'll want to avoid going to smaller stores for necessities such as groceries and clothes, as these places generally have higher markups on their items.
Buy Wholesale Items Online
If you want to take buying in bulk to the next level, one of the best money-saving tips for large families is to buy online from wholesalers. Buying online comes with a number of benefits that you won't get when you go to a physical store:
- You don't have to drag your kids to the store with you
- You have a lower probability of making impulse purchases
- You can search for exactly what you need
- Wholesalers sell in very large quantities for a lower price per item
Never Throw Away Something Useful
When you have to buy things for multiple children, your costs to replace items will be much higher. That's why it's so important to keep everything you can. Clothing is a big part of this. Hand-me-downs can prevent you from needing to replace entire closets every year. Try to repair or upcycle any clothes that may have damage, as this is usually much cheaper than buying brand-new items.
Stick to a Budget
When you support a large family, expenses can sometimes get away from you. Proper budgeting helps to keep the extra purchases that add up to a minimum. Budgeting correctly can save you a lot of heartache in the long run. It's up to you how much control you want to take; you can make your budget weekly or monthly, depending on how tight a ship you need to run. What's important to remember is that making the budget is only the first step—sticking to it is where you'll really need to enact some willpower.
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Sometimes there is no choice—a home needs to be sold in the winter.
Spring may be the most popular time to put your house on the market, but homes do sell in the colder months. With fewer houses available, your home may be someone's only choice when house hunting in your neighborhood. As your neighbors hold out until spring, you'll already be done and ready to shop for your next house!
Here are a few tips for selling a home in the winter to get you on the right track.
Keep Paths Safe and Landscaping Fresh
Landscaping is the last thing on a homeowner's mind in the winter. Everything was cut back in the fall and may now be covered in snow. Still, take a walk around the house and yard to check everything out. Branches may have fallen from heavy snow, leaving a mess in the yard. Keep everything neat and tidy.
The last thing you need is a potential buyer slipping on the ice-covered walk in front of your house. Buyers often consider those moments bad omens, and this can affect their decisions. Shovel, snow blow, spread salt—do whatever you have to do to keep the driveway and walking paths clear, and don't forget the porch and deck.
Make the Inside Warm and Cozy
In cold weather, buyers won't spend a lot of time examining a home's exterior. Instead, impress them with the inside by creating an atmosphere which causes them to want to move in.
When there's time, leave wintery types of snacks and drinks, such as hot cocoa and cookies, available on a table during showings. This gives your home a welcoming feel to buyers.
Light the fireplace (if you have one) for a lovely ambience and set your thermostat to a comfortable setting. A warm home in the winter is much more appealing than a chilly one.
Make Your Home Less Personal
Understandably, this can be a tough thought for homeowners. After all, you've spent years creating memories in your home. To buyers, though, they need to picture it as their own. Too much personality makes that difficult.
It's always important to stage your home in a way that makes it look clean, comfortable, and move-in ready. Don't feel offended by the idea of taking family pictures down and replacing them with generic décor. This will help your home sell faster by helping buyers envision their own things there.
Cleanliness and Maintenance
Clean, clean, and clean some more. Make appliances, counters, and floors shine. No matter how old your home is, it needs to feel like new to potential buyers. If you aren't into dusting, now is the time to try. Don't forget window coverings that might need washing.
Be prepared ahead of time for home inspections by taking care of maintenance now. HVAC systems, plumbing, and electrical should all be up to code and running smoothly.
Use these tips for selling a home in the winter, exercise patience during the slower months, and your home will sell before you know it.