Unexpected Hardships

What Resources You Have

Loss of employment can have one of the biggest effects on your family's budget. Learn about the resources available to you during these difficult times.

Federal Unemployment BenefitsOpens in New Window - If you become unemployed by no fault of your own and you meet eligibility requirements outlined by state law, you may qualify to receive unemployment benefits.

Healthcare While UnemployedOpens in New Window - Stay insured in the event that you or a loved one falls ill while you're not receiving job-based healthcare.

Tips for Coping with Unemployment

1. Eliminate Unnecessary Spending. Cancel entertainment and club subscriptions for the time being, cook at home instead of eating out, cut your own hair instead of going to the salon; spend money on only what's absolutely necessary.
2. Develop a New Budget. After you've identified your essential expenses, account for any unemployment benefits, supplemental income, and savings you have to rework your budget.
3. Maintain Your Credit. Lots of employers conduct credit screenings during the interview process. Even if you're only able to pay the minimum on your loans and credit cards, keep your accounts current. Check your credit score, get tips on improving or maintaining your credit score and free credit monitoring and more by using SavvyMoney on our digital banking platform.
4. Be Active in Your Search. Treat finding a job like your job while you're unemployed. Be proactive and make finding a job your number one priority.
5. Learn New Skills. Make yourself more appealing to potential employers by continuing your education. Attend seminars, read new books, or take a course at your local community college.