Top 5 Ways to Help Someone Who Is Unemployed

With the unemployment rate continue to hover above 10%, everyone is feeling a little pinch in the wallet. If you know someone who is currently unemployed, here are some ideas on how you could help them with their bottom line.

1) Babysit (for those who have kids): I’ve got three kids, and getting a babysitter is not cheap at all. It can run from $7 to $18 per hour depending on whether you can get someone local from the neighborhood, or you use a professional babysitting service. For a couple who wants to get out for 3 to 5 hours, you could help them save several days worth of money to put food on their table.

2) Find them one job (or job interview): If the person you know is starting a business or consulting operation, you could either patronize their business or find them one new customer. If they are looking for a new job, use your connections, and help them get in the door with someone you know to get an interview.

3) Have them over for dinner: If you live in a neighborhood, you could organize a pot luck dinner where each person brings a dish. This can be a very inexpensive way for everyone to try different types of dishes or food while bringing your community together. If it is a neighbor, friend, or relative- have them over for dinner one night. Not only can this help them save a little money, but it could brighten their spirits in their transition period.

4) Help them with a home improvement project: The cost of labor is never cheap. If the person you know has always wanted to do some fix up project from painting the house to building a new deck, just giving your time to help out can save them money.

5) Give a gift: I don’t like the idea of giving someone a loan. If you decide to help a friend or relative out, do it because you want to see them get back on their feet. If you treat it like a loan, it may cause more pain around your expectations of when you will get your money back from them.

Other Unemployment Resources : Unemployment Extension: F.A.Q.’s , What happens when the Unemployment Check runs out? , 5 Financial Secrets to Know When You Look For a New Job

oXYGen Financial, Inc. co-CEO Ted Jenkin  is one of the foremost knowledgeable professionals in giving financial advice to the X and Y Generation.
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About the author  ⁄ Ted Jenkin @ Your Smart Money Moves

Ted Jenkin @ Your Smart Money Moves

Hey!

My friends and family all think I’m a workaholic, but I say I’m just a guy that loves to help people do better in life.

My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.

Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid...

Read More About Ted Here

Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express. He is the co-CEO of oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor regarding your individual situation. 

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