5 Steps You Should Take When Your Pay is Cut

Was your pay cut? Don't fret. You can survive and thrive when that happens. It just takes a plan and a good attitude. So don't feel sorry for yourself. Determine to make it through the temporarily difficult time. In this video, we tell you 5 steps you should take when your pay is cut.

1. Find out if you are eligible for temporary unemployment benefits.
2. Tap into your savings account.
3. Cut back on spending and expenses.
4. Negotiate with your creditors and utility companies.
5. Commit to improving your qualifications or learning a new skill.

Follow these steps and remember this is just a temporary blip. You have most likely been through tough times before. You'll make it through again! But only if you have a plan and you have a good attitude.

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About Over50tv:
On this channel, we serve up career advice, interview tips, and job search news. Almost everything a person over 50 needs to enjoy a career, personal and business success is right here, right now on Over50tv.

About Lou Reyes:

About ‘Pittsburgh’ Scott Ernst:
Mr. Ernst is the Creative Director and Video Production Manager for Over50tv. He is also a key advisor and social media expert. He is also a graduate of Cleveland State University and the Pittsburgh School of the Arts.

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Category:
Education

Produced by Lou Reyes, Editor & Publisher, Over50tv.

References:
Facing a pay cut due to the coronavirus shutdown? Here’s what you can do

Bill Spriggs, AFL-CIO