Dealing With An Unemployed Partner
September 26, 2009
Financial issues are one of the biggest relationship stresses in any partnership. When either spouse or partner loses a job, it can affect the family budget and cause considerable strain in the relationship. Being proactive can help the family to deal with the fallout from the loss of a job in the family and help everyone pull together in difficult times. The budget is just one aspect that needs to be reviewed, and household expectations should be revised as well to keep the peace between partners, while a job hunt is underway. Here are a few tips to reduce the stress that can come from dealing with an unemployed partner.
Do The Budget Together
If one partner remains employed, this can give you far more options than if both are unemployed. It will help to locate forms of credit from online companies like national payday, that requires proof of employment to issue short-term loans to cover quick cash gaps. These are due on the next paycheck cycle, typically, and can be a way to cover a short-term shortfall without incurring revolving debt loads, if they are paid back in time. If you have other debt, the best thing to do is to pay it down, while both partners or one partner is still employed, and avoid adding to balances on revolving debt like credit cards. In this recession, the interest rates on these cards can go over 30% and can cause tons of emotional and financial distress. Stick with short-term loans and try to go cash and reserve revolving credit lines as the system of last resort. With only one person employed, it may be possible to sell an extra car or get rid of child care expenses to help reduce the impact of the job loss.
Working Together To Survive
This is going to take some communication back and forth as each partner decides what their new role is in the home. It may be to be a full-time parent, with duties like child care, lunches, and rides until a new job is found. The work role in the home has to be revised to make sure each family member contributes to the survival of the family, to keep resentment from building up. Sit down, have a family pow-wow, and make it a team effort!
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