Job loss can happen to anyone at any time, leaving your finances in a dire state. It is not easy to go from money in the bank to a depleted savings account. Sometimes the best thing you can do is take a look at your lifestyle and really decide what you need to cut out. A lot of people find that downsizing their home is the way to go. If you are currently renting, start looking for other apartments that are cheaper, or closer to your new job or city centers. This way you will not need to drive as much, saving you gas money. There will be some emotional ups and downs when you are trying to downsize, and it’s not a process that will be easy for anyone.
Search for a New Home
A great way to find a new place to live is by contacting Apartment Management Companies in Los Angeles, as they have connections with different landlords and can help you find a place you can afford. Be up front about the total amount of money you can afford to pay for a property and do not be surprised when the only options you have are one-bedroom apartments. Land is hard to come by and the larger places will always cost you a great deal of money.
Hold a Garage Sale
To help you get rid of some extra stuff, hold a garage sale. You may be able to get some of your neighbors to do this with you, which can bring in a larger crowd. It is a wise decision to try and reduce the amount of furniture you have, since it will take up a lot of room in your new apartment. Keep only one set of couches, or consider selling them and buying used ones that have a futon bed inside. Depending upon the size of your family, the couch could end up being someone’s bed for a few years.
For all the items that do not sell at a garage sale, head to a pawn shop or consignment store. This is a great way to get rid of things, even if you only make a few dollars for the items. If you cannot take them with you, attempt to get some money for them. Ebay is another place to consider using if you are struggling to get rid of your old items.
Once you find a place to live, learn how to save your money. Try to add at least ten percent of each paycheck to your savings account. Focus on paying off your credit card debt and other debts that make it hard for you to get by each month. This is the best thing you can do for your family as you learn to live on a smaller budget and lifestyle.