2020 was a very difficult year, with unemployment levels that the U.S. hadn't had since the Great Depression. If in these months you graduated and could not find your first job, if your company closed due to the crisis or you were fired, this article will help you know what to do until the perfect job appears.
You may be close to graduating, in between jobs, or recently unemployed, and looking for the right job. Read on to know how to make money (and even save some) while you find the right job.
If you’re looking for a full-time job or a position in your chosen field, it may take some time before you find it, so here are some tips to make ends meet till the correct position for you appears.
Check your expenses
If you’re unsure of when you’ll start seeing a regular income, now’s the time to go through your expenses and find ways to save. If you start thinking carefully, you’ll probably find there are quite a few places where you can reduce your expenses.
Embrace a temporary side hustle
“Bridge gigs” or temporary side hustles, are a great way to explore different ways to earn money. You can use this time as an opportunity to earn some cash by being a rideshare or delivery driver, opening an online store, starting a side business as a website designer, or any other skill or talent you may have.
Although these may not be your dream jobs, they can generate some income, introduce you to new people, and help you maintain a sense of structure during what might be a confusing time.
Reconsider your savings goals
If you find yourself minus an income, consider putting some of your savings goals on hold. This doesn’t mean you have to stop saving though if you can avoid it. If you still have some money coming in, the smartest thing is to put any money you can save into your emergency fund, to be able to pay for unexpected things, or in case getting a regular income takes more time than you thought it would.
Invest in yourself
If you’ve been wanting to expand your skills and increase your knowledge in order to get the job you want, there’s a great number of options for you to continue your education. It can be through free video tutorials on YouTube, free webinars, or classes at a local community college. And you may be able to defer your student loans if you enroll in courses through your community college.
You can also use the time between jobs to invest in your personal brand. This means investing time and effort in your personal website, acquiring skills you can include in your resume, and taking time to sign in to LinkedIn or prepare the perfect resume, for example.
Use your time wisely
It is important that you know from the start that you shouldn’t play the sit-and-wait game until the perfect job comes along. The time when you don’t have a full-time job must be used in your favor. By taking intentional action, staying open to opportunities, and investing in yourself, you can use the time between jobs to not only keep yourself afloat, but gain valuable experience in budgeting, bridge gigs, and being resourceful, that will serve you well in the future.