There are so many shows to tell you how to manage your debt when you have a job, but I really see any shows which says that if you are unemployed how to deal with your debt. The unemployed are not the U.S. government that they can borrow easily or just print money and then go about their lives. They need real help in dealing with their debt since their debts goes up considerably without a corresponding decrease in their liability. They have to juggle about their daily necessities and try to manage which bills are going to be paid first.
The only thing on the unemployed person’s mind is how to put food on the table and roof over their head while searching for a job. The debt is the last thing on their mind and managing debt the lesser of it too. But all the financial advisers tell you is to pay your higher interest debt first. But my question is with what the person should pay it for with. Whatever money they receive through unemployment benefits goes straight to providing necessities and not reduces debt. It would be interesting if the experts would find a way to help the unemployed manage debt with non traditional methods than with the routine that they keep on saying day in and day out.
Friday, November 19, 2010
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