Searching for a new job without currently being employed can be stressful, even without the burden it places on your finances. Luckily, there are ways to cut costs and save money so that you can make it through until you find the right job. Aside from making a budget and sticking to it, these four tips will help you keep on track so that the job search process doesn’t eat away all your savings or force you to take any job that you can get.
1. Save on Wardrobe
Buying a completely new job hunt wardrobe can cost you some serious dough. While first impressions absolutely matter when it comes to the job search, you probably already have perfectly fine work clothes that will get the job done. Save your money by using what you have, raiding a friend’s closet, or visiting a thrift shop. If you’re set on indulging in something high-end, opt for something super versatile that you can accessorise differently for multiple interviews.
2. Reduce Travel Costs
Spending money to get to interviews can cost a pretty penny, especially if they’re out of town or have upwards of 3 or 4 interviews (if you’re in sales, it can be even more!). Avoid running yourself dry by requesting a phone or video interview for the first round; most hiring managers will completely understand if you’re not located close by, especially since the first round is generally to weed people out. If you’re really far away, you can even try for a travel stipend, but this is best reserved for head hunters. Other than that, try to opt for subways, buses and walking over taxis and trains (hey, you probably have time to kill after all!).
3. Shorten the Search
The best way to minimise the cost of your job hunt? Cut it short. Finding a job sooner rather than later while obviously save you money, and the best way to do it is to get help. A reputable resume writing service can help you position yourself just right for your dream job so that you waste less time job searching, and spend more time making money. While it might be an investment at first, it can pay off in dividends when you find a job quickly.
4. Make Extra Money
While you should definitely treat your job hunt like a full-time job, being temporarily free from the 9-5 crunch can give you unexpected time during the day to make some side money (which can help bankroll your job search). Whether it’s babysitting, dog-walking, driving people around or delivering food, there are plenty of creative ways you can make some extra cash to minimise the blow to your savings while you’re searching for a job or to help keep you going long enough to find the perfect job for you.