Getting Through a Financial Jam | mumble in the jungle

Getting Through a Financial Jam

According to the Report on the Economic Well-Being of U.S. Households in 2016, 30%, or about 73 million adults, are struggling to get by or just barely making it. Many people struggle on a day to day basis just to pay rent. So, if you are having financial troubles, you’re not alone. There are plenty of ways to meet your family’s needs financially while you’re temporarily in crisis. 

financial jam

Personal Loans 

The first way that many people consider taking care of there immediate financial problems is through getting a personal loan of some sort. Advance loans like those available at sites like are a great way to get quick cash to pay off immediate and necessary debt such as back rent. Some loan companies can get you money as quick as the next day, which can help drastically when you are in crisis, thus making advance loans one of the best options for emergencies. 

Getting a Side Job 

According to the Bureau of Statistics, the unemployment rate has decreased by nearly 6% from 2009 to 2019. Although more people are employed, some still struggle to make ends meet with their current job. To many, the idea of working two jobs seems frightening. Getting another job can be especially daunting when you believe you have no other “skill sets” other than what you are doing currently. However, when you are struggling financially, you may have no other option. There are many online job search engines that can help you find jobs in your area, fitting your experience level. In general, many fast-food restaurants, clothing stores, and nursing homes hire people with little to no prior experience. Taking a part-time job in one of these locations may help you make ends meet until your full-time job can sustain your needs. 


One of the most important things that you can do for yourself is to make and stick to your budget. If you’re struggling financially and do not have a budget, you can almost guarantee you’ll find issues with your spending habits when you sit down. Write down your total income and each bill that reoccurs every month. Make sure to include rent, utilities, phone, car, health insurance and anything else you can think of. Then subtract all of your bills from your total income and see how much you have leftover for food, entertainment, and saving. 

It’s recommended that you save at least 20% of your income. It’s also recommended that your necessities equal 50% of your income and 30% can be allocated for entertainment or vacation. If you realize that your necessities equal more than 50% of your income, it may be time to consider downsizing. There are many other ideas for budgeting ahead that you can incorporate, however, it’s completely up to you how you go about it. 

Government Help

If you have tried everything you possibly can and you are still struggling financially, it may be time to ask for help. There are a variety of programs that the government provides to help people get back on their feet by meeting their temporary needs. Examples of these programs include food stamps for families that cannot afford food. The WIC program is for parents who cannot afford food for their children under 5 years old. Disability can help those who are unable to get jobs due to a debilitating illness. Medicaid is available for those who need health insurance but cannot afford it. Housing vouchers and public housing programs can help families who cannot afford to keep a roof under their heads, and there are so many other programs to help as well. 
Most people encounter a financial crisis at least once in their lifetime. Knowing how to get through it can help you breathe easy.