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How to survive financially when going on strike ?
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[QUOTE="Yusra3, post: 331296, member: 31907"] Being part of a strike comes with financial challenges for workers foregoing pay. Some smart preparation and budget adjustments can help you endure a strike period. [B]Start Saving Aggressively[/B] As soon as strike rumblings begin, reduce expenses to the minimum and start setting aside all surplus income in anticipation. Live bare bones to build emergency reserves. [B]Pick Up Temporary Work [/B] Line up contingency work that can supplement lost income during a strike. Tutoring, freelance gigs, rideshare driving and seasonal jobs can help. [B]Suspend Financial Commitments [/B] Call lenders, creditors and service providers to request suspending or reducing payments during the strike if permitted. Pausing obligations preserves cash. [B]Call In Favors[/B] Don’t be too proud to accept help from family and friends, like temporarily moving in together or borrowings. Their support can be critical. Offer future reciprocation. [B]Utilize Assistance Programs[/B] Research strike hardship assistance available through your union, local religious groups, nonprofits and government agencies. These programs aid with basic needs. [B]Minimize Fixed Costs[/B] Cut out all non-essential spending like cable, gym memberships, club dues, streaming services and discretionary shopping. Stick to a bare bones budget. [B]Use Credit Sparingly [/B] Supplement lost income through credit cards only as a last resort. The high cost of interest makes this an expensive option long-term. Pay off promptly. [B]Look for Other Work[/B] If the strike drags on, seriously consider seeking permanent employment elsewhere, especially if negotiators recommend accepting an unsatisfactory deal. Financial sacrifice is often part of the cost when standing up for your rights and demanding change. With belt-tightening, creativity and some help, workers can endure the income hit. Stay determined and united. [/QUOTE]
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How to survive financially when going on strike ?
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