Unfortunately, many people lose their home to foreclosure because they simply don’t make enough money to afford their home. Sometimes there is a hardship that forces a loss of income, or requires money to be spent on something other than a mortgage payment, but ultimately, lack of sufficient income is the main problem.
Sometimes it takes a wake up call (like foreclosure) to make someone realize that they are not making enough money to survive. If you’re barely scraping by each month and you don’t put money away for savings, retirement, or emergencies, then it’s time to start looking for a new job.
Many people think that just because they’ve been at the same job for most of their life, that leaving would be too much of a risk. But in reality, finding a new job can be the best decision you’ve ever made. If done correctly, you can earn more money, have a more fulfilling work day, and get better benefits.
Here are a few simple tips to make finding a job easier:
· Update your resume and have several people review and critique it. Your resume is meant to provide enough information to the perspective employer to contact you and schedule an interview. It should include a cover letter and your resume should only be one page long. If you have a long list of previous employers, then only include the most recent, so you don’t exceed one page.
· Once you have an interview, make sure you’re dressed appropriately for the appointment. I always recommend wearing a suit to an interview, regardless of the company attire. However, dress slacks and a white button up shirt should be fine if the company attire is jeans and t-shirts. Always press your shirt and slacks before going on an interview; a wrinkled shirt is the first sign of someone who doesn’t care about the quality of work they do.
· Be prepared to answer questions about your previous jobs. Most interviewers will want to ask questions that can reveal how well you will perform in their work environment. Answer questions without rambling, or getting too far off the subject of the initial question. Try to be as honest as possible, without revealing your negative traits and without speaking negatively about previous jobs, co-workers, or bosses.
· At the end of an interview, they will most likely ask if you have any questions for them. This is where you will have a chance to ask a few questions of your own, but make sure you are asking intelligent questions. Don’t ask something like “what happens when I am late to work” or “how long is the lunch break”. Ask questions that will show your work ethic and ability, like “do you allow us to work overtime” or “what opportunities do you have for advancement”. It is important that you ask questions, because if you are serious about taking a new job, you should know as much as possible about your new perspective employer.
When you are facing foreclosure, there are many ways to save your home, such as refinancing, loan modification, or a repayment plan. But finding a better job will not only help with your immediate problem, but it can improve every aspect of your life.