Are you one of the many people who have been made redundant or have never had the chance to work? The frustration is going to become even bigger as the new generation of school leavers will try to approach the market. They might be lucky getting low paid jobs because of their age and inexperience. Some employers are keen on inexperienced or foreign workers because they don't know what their rights are, or don't know who to approach when in trouble. But many are happy they have a job to send money home where they might only earn € 100 a week. Nevertheless, you who have been applying for each and every job that might possibly suit your skills and experience still sit at home. Many of you might have barely enough money in the bank to keep up with the mortgage or rent payments or are behind in their payments.
I don't have the answers here as how to get out of the downwards financial spiral, but one thing I can advise you if you haven't done so already: set up an standing order with your mortgage lender for an amount you are able to pay each month. You might have to lower the payments, paying something is always better than nothing. And so is it the other way around on the receiving end. Forget about the other payments you need to make, except for the electricity, your car insurance, and perhaps your medical insurance you can pay them via direct debit, so you can't spend that money.
How much are you worth?
If you have been working at a particular job doing a particular thing for which you didn't need a skill, or you did need a special skill it might be that while you are looking for a new job you might lack in certain skills or you need to update them. Now you're unemployed you have plenty of time to re-new those skills and learn new ones. This is a opportunity to create a new life for yourself. That's not easy and can be a daunting task, especially if you have little or no money to spare, but it is worth to check out the possibility of getting an allowance towards the study costs. Don't be fixed on getting a job or doing a course for the sake of it, or a guidance counselor at the job centre who said that was a perfect match for you. You need to want to do it, think about what you want to get out of the job or course and than I mean not only money. Eighty percent of people who are in employment dislike their job. Now is your chance to get something better.To prepare yourself to get something you really want to do. This means you have to put time, (which you have plenty) effort and money into it. When you do get that allowance for that course don't hesitate to do voluntary work if the field your studying is new to you. Check if you eligible for a grant.
There is SUSI for the Republic of Ireland.
Use their Eligibility Reckoner to check whether you may be entitled to a grant. SUSI offers funding to eligible students in approved full-time third-level education in Ireland and also, in some cases, funding for students studying outside the State. We offer support to all types of students, from school leavers to mature students returning to education.
Check the UK Government site for funding in the United Kingdom.
I'm not saying get off your backside and find a job, but I'm saying use the time wise while you're unemployed to sharpen, and get new skills for the future. Don't be afraid to look outside of your comfort zone, there might be something out there you've never heard about and for which you can use your long forgotten skills. Or perhaps you have a skill you didn't know about. So have I recently discovered how easy tile setting is.