I agree that there are some fantastic resources online for those that are interested in taking an active part in their financial future – but there is also quite a bit of bad advice.
perhaps one thing to remember, a financial planner is more than just someone that gives investment advice. Tax planning, budgeting, estate planning, and insurance needs are just a few of the many areas of expertise that a good planner should assist with.
i love the internet because it gives me the information to make an informed decision, but just because I can read about something, it doesn’t make me an expert.
one example that comes to mind; if i wanted to do some of my own electrical work, i can find all sorts of info about it – but this doesnt mean that i am experienced enough to rewire my home.

subscribe to the blogs and sites that you find valuable, and use that information to have a proper discussion with your planner. If they are worth their salt, they will certainly be able to help you find ways to make your unemployment cheques go further.

Thanks for reading the article, and for contributing to it.
I wish you great success in all of your endeavors.

Jason

In fact I am currently unemployed (working on building a passive income business model) and I’m not the least bit worried about money.

Even though I was good at managing my finances, I educated myself by reading the best blogs and listening to sound advice from other people who are really good at managing their finances. So much so that, I can not only stretch the unemployment pay, I even save a bit of it. I have savings that can support me for years. And I was just another cubicle prisoner corporate wage slave living from paycheck to paycheck. i didn’t win the lottery, I didn’t inherit money. I managed to save by living frugally and not getting into any debt. And it paid off, I can afford to kick back and not worry about getting a job, while working on launching online ventures to generate passive income streams.

There is a lot of good and free information out there that can make a huge difference.

You touched on the cost of buying lunches every day but as a manager that is also a tell tale sign that they really aren’t hurting for cash. By making your lunch you can cut the cost from $10 to $5 per day.

Give your employee that tip and you just raised their salary by approximately $1250/year.

Paige – I came up with the idea when i was working part time while i went back to school. Too many things were just not worth the extra time I would have had to put in to cover the cost.

thank you both for the comments and support

@brandscaping

Reminds me, once more, that just because it’s quicker to buy a pre-made meal at a store doesn’t actually mean you’re saving time or money. I never actually thought to look at it in terms of “How much is this lunch worth of my time, based on my salary?” And with that, it’s now time for lunch for me!

The lunches should be @ $10 per day ($50 week).
Sorry for any confusion

J