What to do when unemployment is prolonged: 4 ways to overcome financial crisis

Prolonged unemployment not only causes financial anxiety but also impacts mental health and self-confidence. Without a stable income, managing living expenses, maintaining relationships, and regaining motivation can become significant challenges. However, overcoming unemployment isn't impossible —you just need to know how to manage your finances, stay positive, and proactively reorient your career.

This article will share practical strategies to help you survive, recover, and leverage your unemployment time for personal growth , instead of getting caught in a cycle of anxiety and despair.

What should you do to overcome this difficult period when you are unemployed?

When you lose your job, the most important thing is not to try to cope alone . There are many sources of financial and community support available to help you get back on track temporarily. Here are some practical steps you can take right now:

• Learn about government support programs:

  • Apply for unemployment benefits if you are eligible.

  • Find out about government or local policies that provide temporary support for workers or living expenses .

• Leverage support from the community:

  • Thanks to support from family, friends, or local charities .

  • If you are abroad, you can use crowdfunding platforms like GoFundMe or similar funds to receive emergency assistance.

• Working with banks and credit companies:

  • Contact your bank or lender to see if they have a policy of extending or temporarily reducing interest rates for those experiencing financial difficulties.

  • With a credit card , you can inquire about programs that support borrowers during periods of unemployment to reduce short-term debt pressure.

Don't hesitate to seek help – this isn't a sign of weakness, but a smart way to protect your finances and mental well-being during difficult times.

Option 1: Applying for unemployment benefits and effective community support

Step 1: Register for government support programs to reduce financial pressure.

When unemployment is prolonged, government assistance is one of the practical lifelines that can help you maintain your basic living expenses without incurring additional debt. Below are some common forms of assistance you can consider:

• Receive living and food assistance:

  • The Supplemental Nutrition Assistance Program (SNAP) is designed for low-income individuals or households to help reduce monthly food costs.

  • You can visit the U.S. government's Benefits Finder page to see what types of assistance you are eligible for (such as rent, utilities, or food).

• Support for those who lose their jobs due to international competition:

  • The Trade Adjustment Assistance (TAA) program helps workers in manufacturing, agriculture, or industry who have lost their jobs due to cheap imports.

  • This program can support new vocational training for up to 104 weeks and provide weekly cash benefits for one year after unemployment insurance benefits expire.

• Free retraining and career development opportunities:

  • The Worker Adjustment and Retraining Notification Act (WARN) provides support to workers who experience mass layoffs in industries not covered by TAA.

  • Participants may receive free vocational courses, university education, or professional skills training , helping them to quickly adapt and find new jobs.

Don't wait until your finances are depleted to seek support. Applying early gives you more time to prepare a new career plan and reduces mental stress during periods of unemployment.

Step 2: Apply for unemployment benefits if you are eligible.

When you lose your job, unemployment benefits are a crucial source of financial support to help you maintain your life while you look for a new job. Many people are hesitant to apply, but this is actually a legitimate right of workers – you have contributed to the insurance fund, so you are fully entitled to receive it when needed.

Here are some things you need to keep in mind:

• Check eligibility for benefits:

  • If you are laid off, leave your job due to downsizing, or your contract ends , you may be eligible for unemployment benefits .

  • In some cases where you resign for legitimate reasons (such as a toxic work environment or being forced to break rules), you may still be considered for support.

• Each locality has its own regulations:

  • In the U.S. , regulations and benefit levels vary between states, so check your state's job portal or labor agency for specific eligibility requirements.

  • In Vietnam , you can apply for unemployment benefits at the Employment Service Center under the Department of Labor, War Invalids and Social Affairs within 3 months of leaving your job .

• Don't hesitate to apply for unemployment benefits:

  • This is not a weak move , but a smart step to maintain financial stability during this temporary period.

  • You've worked, contributed, and created value — now it's time for the social security system to give you back .

Apply as soon as possible. Delays could cause you to miss out on benefits, while this financial assistance could help you cover rent, food, and stabilize your mental health before finding a new job.

Step 3: Seek help from family, friends, and the community around you.

When facing prolonged unemployment, support from family and community can help you get through this difficult time, both financially and emotionally. Don't be afraid to share your situation—sometimes a sincere conversation can open many new doors.

Here are some practical approaches you can take:

• Be open and honest with family and friends:

  • Clearly state the difficulties you are facing , such as living expenses, rent, or utility bills.

  • Let them know you 're actively looking for a job or learning new skills , so they understand that you're not giving up but trying to improve your situation.

  • Sometimes they can't help financially, but they can introduce you to job opportunities or provide emotional support .

• Leverage the power of online communities:

  • If you live abroad or in a place with a wide support network, you can use crowdfunding platforms like GoFundMe, YouCaring, and Indiegogo to raise donations.

  • Post your call to action sincerely and transparently, and share it on social media platforms like Facebook or LinkedIn to reach the right people.

• Use fundraising platforms responsibly:

  • Sites like GoFundMe are often used for emergencies or large medical expenses , so they shouldn't be overused .

  • Some countries restrict or ban the use of this platform (e.g., Iran, Cuba, Nicaragua, Venezuela...), so please check the regulations carefully before creating a campaign .

Sometimes asking for help feels awkward, but remember — everyone needs someone at some point . The important thing is to remain honest and proactive in finding your financial and emotional balance.

Step 4: Contact a bank or credit company to apply for temporary financial assistance.

When unemployed, paying off debts on time can become a huge burden. However, don't stay silent and let your debts fall behind schedule — many banks and credit institutions have Economic Hardship Programs to help you temporarily ease the pressure of payments.

Here are some things you should do:

• Proactively contact the lender:

  • Call your bank, credit card company, or lender directly.

  • Keep your language simple and sincere, for example:

    "I am currently unemployed and unable to make full payments on my debt this month. Do you have any assistance programs available for my situation?"

  • The staff will ask a few more questions to assess your financial situation , then suggest suitable options such as deferring payments, reducing interest, or waiving late fees .

• Learn about specific support programs:

  • Some organizations may allow you to pause payments for a few months or pay only a small portion of the amount owed .

  • Others may offer to switch your debt to a lower-interest installment plan , making it easier to manage during difficult times.

• Be cautious when using credit cards or borrowing money:

  • If you are still unemployed, limit unnecessary spending to avoid falling into debt.

  • If you absolutely must borrow more, you may need a guarantor or collateral such as a car or house — but think carefully, because if you fail to repay the debt, the property could be repossessed .

Proactively contacting the bank early, before the deadline, always helps you maintain your creditworthiness and receive better cooperation from them. They are usually willing to help if you show goodwill and honesty about your situation.

Option 2: 9 ways to cut expenses while unemployed and still live comfortably.

Method 1: Develop a smart spending plan to get through the period of unemployment.

When income is cut, careful money management is the best way to maintain your life and avoid financial crisis. A clear spending plan helps you know where your money is going , what can be cut back , and how to live comfortably even while temporarily unemployed .

Here are some practical steps you can take:

• 1. Keep a record of all daily expenses:

  • Buy a notebook or use a note-taking app to record all your expenses – from breakfast money and gas to electricity and water bills.

  • Each expense should be clearly categorized:

    • "Essentials": food, rent, utilities, medicine.

    • "Non-essential": watching movies, fancy coffee, fashionable clothes, gym membership.

• 2. Determine your monthly budget:

  • Calculate the total amount of money you currently have (allowances, savings, support from relatives, etc.).

  • Prioritize allocation to essential expenses first , and reserve the remainder for emergencies.

  • If possible, set specific limits for each expense category for easier control (e.g., food 40%, housing 30%, contingency 10%).

• 3. Cut back and suspend unnecessary expenses:

  • Limit eating out, temporarily suspend luxury shopping, or stop subscribing to entertainment services.

  • Think of this as a time for "financial detox" —a period to cultivate the ability to save money and live a more minimalist lifestyle.

• 4. Monitor and adjust weekly:

  • At the end of each week, review your spending log to see if you're "off track."

  • If you exceed your budget in one area, offset it by reducing spending in another area the following week.

Keeping track of your expenses not only helps you save money, but also helps you feel calmer and more confident by clearly seeing your financial picture . Knowing you're in control of your money will also help you control your emotions during periods of unemployment.

Option 2: Reduce subscription and membership fees to maximize cost savings.

Small expenses like membership fees, entertainment services, or monthly subscriptions often add up to a significant amount of money without us realizing it. When unemployed, these are among the first things to consider cutting back on to buy time for financial balance.

Here are some steps to help you manage and optimize your spending more effectively:

• 1. Review all services you are currently subscribed to:

  • Check your bank statement or payment app to list all the services you're paying for monthly: Netflix, Spotify, gym memberships, online learning apps, games, etc.

  • Mark any services that are not truly necessary at this time and cancel them immediately to avoid automatic charges.

• 2. Prioritize retaining only truly essential services:

  • A phone and internet connection may still be necessary for you to find a job or contact employers.

  • However, you can temporarily disable your internet at home if you are near a library, cafe, or public space that offers free Wi-Fi .

• 3. Cancel cable TV and switch to a cheaper solution:

  • Cable TV is a significant monthly expense. Instead of keeping it, you could cancel the cable and just keep the internet , since most shows, movies, and even sports can be streamed online.

• 4. Consider switching to a cheaper mobile carrier or phone plan:

  • In some countries, you can choose a value provider with plans costing around $20/month or less .

  • If you use less mobile data, consider switching to a data-free plan to save money.

  • However, read the terms carefully — many carriers require you to purchase a separate phone or have limited coverage.

• 5. Prepare yourself mentally for more difficult situations:

  • If your financial situation becomes too strained, you may have to sacrifice both the internet and your mobile phone .

  • In that case, proactively inform your family and friends in advance so they understand the reason for your temporary disconnection, and find ways to maintain contact through them when necessary .

Cutting back on services not only saves you money but also helps cultivate minimalist living habits and mindful spending – essential if you want to rebuild your finances sustainably after returning to work.

Option 3: Reduce travel expenses to save money while unemployed.

Gasoline, maintenance, and parking fees may seem like small expenses, but they actually eat up a significant portion of your monthly budget. When you no longer have a stable income, optimizing your transportation costs will help you save a considerable amount of money to spend on more essential needs.

Here are some practical ways you can apply right away:

• 1. Reduce the frequency of using personal vehicles:

  • Combine errands like grocery shopping, going to the bank, or visiting the post office into a single trip per day instead of making multiple trips.

  • Limit driving when unnecessary , especially for short distances that can be covered by walking or cycling.

  • If you live in an area with convenient public transportation, switch to buses, trains, or ride-sharing to save on gas and parking fees.

• 2. Regular vehicle maintenance will help avoid long-term costs:

  • Regular oil changes, tire checks, coolant checks, and brake checks help keep your vehicle running smoothly and prevent more costly and serious breakdowns later on.

  • For used cars, it's best to find a reputable garage with reasonable prices , or perform basic maintenance yourself if you have the technical knowledge.

• 3. Consider alternatives when finances are tight:

  • If you rarely use your car or can no longer afford the associated costs (gas, insurance, maintenance, etc.), consider selling it to cover necessary expenses.

  • This can be a difficult decision, but sometimes it's a wise temporary solution to help you get through a tough period and avoid debt.

During periods of unemployment, prioritize economical and environmentally friendly transportation — this will help reduce costs while maintaining better health and a more positive mindset.

Option 4: Consider moving to reduce the burden of living expenses.

Rent or housing costs often take up a large portion of a monthly budget. When unemployment is prolonged, moving to cheaper housing or temporarily living with relatives can be a practical solution to help you balance your finances and avoid falling into debt.

Here are some paths to consider:

• 1. Reassess current accommodation costs:

  • If rent, utilities, and other living expenses exceed your current budget , proactively look for smaller, more remote, or cheaper accommodation .

  • Don't be afraid to change your living environment — prioritize financial stability over temporary comfort .

• 2. Consider staying with friends or relatives:

  • If you have a close relationship with them, be honest about your situation and ask if you can stay with them for a short time.

  • Help them with daily activities (cooking, cleaning, babysitting, etc.) to show gratitude and avoid feeling like you're a burden.

  • At the same time, create a clear plan regarding the duration of your temporary stay and your financial goals so they see you are responsible for your situation.

• 3. Learn about affordable housing assistance programs:

  • In the U.S., the Department of Housing and Urban Development (HUD) can assist in finding affordable housing or provide housing vouchers for those who cannot afford to pay.

  • In Vietnam, you can find social housing programs, low-cost boarding houses , or shared accommodation to significantly save on monthly expenses.

• 4. Things to note when staying with someone:

  • Even if family or friends are willing to help, always respect their personal space .

  • Don't let temporary accommodation become a long-term burden. As the saying goes:

    "Fish left out for too long will smell bad, and guests staying for too long will be a nuisance."

  • Therefore, consider this a temporary solution , and proactively look for a new job or source of income to regain independence as soon as possible.

Sometimes, leaving your current place isn't a failure , but a wise step back that gives you the opportunity to start anew on a stronger footing in the future.

Option 5: Ensure you and your family still have health insurance during unemployment.

When income decreases, many people tend to cut back on insurance to save costs , but in reality, this is one of the expenses that shouldn't be eliminated . Just one emergency visit or hospitalization without insurance can lead to a huge medical debt that can drag on for years.

Here are some things you should consider to protect your health and finances:

• 1. Maintain health insurance for the whole family:

  • Although the monthly cost may seem high, insurance will help you avoid the risk of debt when health problems arise .

  • An emergency or short-term treatment without insurance can cost tens, even hundreds of millions of dong — far more than the annual insurance premium.

• 2. Take advantage of government support programs:

  • In the U.S. , each state has affordable or subsidized health insurance programs for low-income individuals . Check to see if you can enroll in Medicaid or a similar program locally.

  • In Vietnam , you can participate in voluntary or family health insurance , with much lower premiums than private insurance, while still receiving basic medical benefits at public hospitals .

• 3. Consider adjusting other types of insurance:

  • If you have car or home insurance , consider increasing your deductible to lower your monthly premium.

  • However, remember that when compensation is required, you will have to pay the higher deductible yourself , so this is only a temporary, short-term solution and should not be maintained long-term.

• 4. Balancing financial priorities:

  • When unemployed, consider health insurance as an essential expense , along with food and housing.

  • If necessary, reduce other unnecessary expenses (entertainment, shopping, travel, etc.) to maintain this insurance coverage.

Unemployment is temporary, but a sudden illness can leave you in debt for life . Think of health insurance as a shield protecting you and your family during this most vulnerable financial period.

Method 6: Shop smart to save on monthly expenses.

When unemployed, maintaining a stable standard of living depends heavily on how you shop and spend your daily money . By planning carefully and making strategic purchases, you can significantly reduce living expenses while still ensuring your family's essential needs are met .

Here are some practical tips to help you shop more economically:

• 1. Look for promotions and use discount coupons:

  • Keep an eye out for sales and discounts at supermarkets, convenience stores, or online to buy essential goods at cheaper prices.

  • Cut out and keep coupons , or download a points and cashback app to receive discounts when shopping.

  • Compare prices between stores before buying — sometimes the same product can have significantly different prices .

• 2. Buying in bulk or large quantities (wholesale):

  • Some products, such as rice, noodles, cooking oil, and toilet paper, are often cheaper when purchased in bulk .

  • If you don't have a membership card at wholesale supermarkets like Costco or Sam's Club , you can ask friends or family to accompany you to save money.

  • However, carefully consider the unit price of each product — not everything is cheaper when bought in bulk.

• 3. Choose the supermarket's private label (generic) products:

  • Supermarket-branded products are typically 10–30% cheaper than major brands , but the quality is comparable.

  • Prioritize choosing domestic or affordable brands instead of imported goods to optimize food and living expenses.

• 4. Temporarily cut out luxuries:

  • Products like soft drinks, snacks, imported meat, and luxury foods are unnecessary expenses during difficult times.

  • Instead, focus on buying essential foods that are highly nutritious and can be stored for a long time, such as vegetables, eggs, fish, beans, rice, etc.

Saving money doesn't mean living in poverty — it's a smart financial management skill . Every dollar saved today is extra time you have to stand on your own two feet before finding a new job.

Method 7: Cooking at home – An effective way to save money and live a healthier life.

During periods of unemployment or financial hardship, eating out frequently can quickly drain your wallet. Cooking at home not only saves you considerable money but also gives you better control over the health and quality of meals for the whole family.

Here are some simple ways to optimize your spending by cooking at home:

• 1. Plan your meals before you go grocery shopping:

  • Determine your menu for the entire week so you only buy the ingredients you need.

  • This helps you avoid overbuying or impulsive purchases , significantly reducing food waste.

  • With a clear plan, it's easy to compare prices and choose the cheaper place to buy each ingredient.

• 2. Prepare food to take with you when going out:

  • If you have to be out all day, prepare your own lunch and snacks instead of buying them from a restaurant.

  • A meal at a restaurant plus a few snacks can cost as much as two or three home-cooked meals .

  • Use lunch boxes, thermos flasks, or small cooler bags to keep your food fresh all day long.

• 3. Make your own coffee at home:

  • A cup of coffee at a cafe can cost 30,000–60,000 VND per day , equivalent to nearly 1.5 million VND per month .

  • Instead, buy whole coffee beans or ground coffee to brew at home — it's cheaper and you can customize it to your taste.

  • If you enjoy the café atmosphere, you can still invite friends over to your home for a drink – it's both cozy and economical.

Think of cooking as an “investment project” in yourself – investing your time to save money , develop life skills, and cultivate a positive mindset every day.

Method 8: Maximize savings from what you already have – How to live simply but still have everything you need.

When you don't have a stable job, the most important thing is to know how to preserve and make the most of the resources you have . Sometimes, just adjusting a few small habits can significantly reduce your monthly living expenses without sacrificing too many conveniences.

Here are some practical ways to "tighten your budget" intelligently:

• 1. Reduce electricity, water, and energy consumption:

  • Turn off air conditioners, heaters, lights, and electrical appliances when they are not really needed.

  • In the evening, you can use candles, rechargeable flashlights, or solar-powered lights to save electricity.

  • Wash clothes and dishes only when the load is full , avoiding wasting water and electricity.

  • Take advantage of natural daylight and open windows for ventilation instead of keeping fans or air conditioners on all day.

• 2. Eat sparingly and with moderation:

  • Even if you've bought cheap food, you still need to eat healthily and avoid waste .

  • Only eat when you are truly hungry , and avoid eating out of boredom, stress, or emotion—this wastes money and is bad for your health .

  • Make use of leftovers by reheating them or storing them properly for later meals.

  • Learn how to cook with inexpensive, highly nutritious ingredients like beans, eggs, green vegetables, small fish, etc.

• 3. Prioritize "needs" over "wants":

  • Before flipping a switch, turning on the tap, or cooking, think about whether you really need to .

  • Small actions like unplugging appliances after use, turning off the tap while brushing your teeth, and cooking just enough food for your meal can save you more than you think.

Saving money isn't about living a life of hardship – it's about learning to live a disciplined and mindful life . Every dollar saved today will help you weather difficult times while maintaining inner peace.

Method 9: Prioritize bill payments – Smart spending

When income drops sharply or you lose your job, it's perfectly normal to be unable to pay all your expenses at once . The important thing is to know how to prioritize which expenses to pay first and which can be postponed —to maintain a stable life and avoid falling into even greater debt.

Here's how to prioritize payments when you're on a tight budget:

• 1. Top priority: Essential needs and housing

  • Rent, mortgage payments, or home loan repayments must be paid first — because housing is the foundation of your and your family's stability .

  • Next come the bills for electricity, water, gas, and food – the basic necessities that sustain daily life.

  • If you are forced to miss the deadline, contact your landlord or service provider to request an extension or agree to a postponement.

• 2. Second priority: Medical expenses and insurance

  • If you have a chronic illness or are undergoing treatment, ensure that your medication and medical appointments are maintained consistently .

  • Health is life's most valuable asset – if you lose your health, you can't start over, no matter how much money you have.

• 3. Last priority: Credit card debt, personal loans, and non-essential payments.

  • These payments may be subject to negotiation for temporary deferral or minimum payment in the short term .

  • Contact your bank, finance company, or creditor to seek assistance through programs such as "debt deferral," "temporary interest waiver," or "repayment schedule adjustment."

  • Absolutely do not take out high-interest loans or refinance existing debt with new loans , as this will trap you in a dangerous financial spiral.

When facing financial difficulties, make a list of all expenses according to necessity , clearly marking them as "essential" and "postponeable." This helps you proactively control your finances instead of letting money control your life .

Method 3: 7 ways to make money while unemployed.

Option 1: Accepting a temporary job – A strategic step back to move forward.

When you can't find a job in your field, temporarily taking a lower-paying job isn't a failure—it's a smart way to maintain your finances and continue your personal growth . During difficult times, it's important to be realistic, stay proactive, and not let time go to waste .

Here's how to view a temporary job positively and make the most of its opportunities:

• 1. Prioritize financial stability over personal reputation:

  • A low-paying job can still help you pay bills, maintain your living expenses, and avoid debt pressure .

  • Don't let pride or ego prevent you from earning a living. The truth is , every job is valuable when you do it with your own hard work .

• 2. Choose a job that can help develop your skills:

  • Choose a temporary job that can add skills useful for your long-term career.

  • For example:

    • Working in a retail store helps develop communication skills, customer service skills, and inventory management skills.

    • Working at a fast-food restaurant → I learned professionalism, teamwork, and how to handle high pressure.

  • Every experience, no matter how small, can enrich your resume and help you score points when you return to the job market.

• 3. Maintain a consistent job search period:

  • Even if you have a side job, dedicate at least a few hours each week to updating your profile, looking for opportunities, and expanding your professional network.

  • Think of your current job as a temporary "stepping stone," not a final destination. When the economy improves, you will have the skills and experience to move up to a higher level.

Careers don't always follow a straight path. Sometimes, taking a step back is the way to gain a stronger foundation for the journey ahead. Maintaining a learning spirit, discipline, and gratitude—these are the most valuable assets during challenging times.

Option 2: Sell off unnecessary assets – A solution to improve financial flow.

When facing financial difficulties or prolonged unemployment, surplus assets are a hidden resource that can help you weather the crisis. One of the most practical ways to do this is to consider selling off infrequently used vehicles or items , especially if you own more than one car .

Here's why this is a logical and long-term move:

• 1. Helps you get the cash you need right away:

  • Selling surplus vehicles not only helps increase short-term cash flow , but also reduces monthly spending pressure .

  • The money raised can be used to pay off important debts, cover living expenses, or invest in learning new skills .

• 2. Reduce maintenance and operating costs:

  • Even a car that isn't used frequently still incurs costs for insurance, maintenance, registration, car washes, and wear and tear on parts.

  • Keeping only one vehicle, using it sparingly and efficiently, will help you save significantly each month while still meeting your transportation needs.

• 3. Create opportunities to start over:

  • Proactively liquidating unnecessary assets shows you are in control of the situation instead of passively waiting.

  • If your finances stabilize later, you can absolutely buy a new vehicle that better suits your circumstances.

Don't become overly attached to material possessions. During difficult times, liquidity (cash) is more important than ownership . Selling your car isn't a loss, but a strategic move to maintain your financial freedom and stay proactive.

Option 3: Selling used items online – A quick and easy way to raise capital when facing financial difficulties.

When income is interrupted, reselling unused items is a practical and effective way to generate temporary cash flow . With just a phone and some time, you can turn those "dormant" items in your house into cash , helping to cover living expenses or pay for urgent costs.

Here are some practical tips to help you sell online effectively and safely :

• 1. Choose the right platform to list your items for sale:

  • In Vietnam, you can use Facebook Marketplace, Chợ Tốt, Shopee, or Zalo to quickly advertise your products and reach buyers near you.

  • If you want to expand into international markets, you could try eBay or Etsy (for collectibles, antiques, and handicrafts).

  • Take clear, accurate photos , include a brief description, and offer a reasonable price to build trust with buyers.

• 2. Prioritize selling items that can be easily "discarded":

  • Make a list of your personal belongings , marking those you use infrequently or don't need.

  • Sell ​​these items first, such as clothes, shoes, electronics, household goods, books, used toys, small pieces of furniture, etc.

  • If you still don't have enough money, consider selling higher-value items (such as watches, cameras, collectibles, antiques) – as long as it doesn't affect essential living expenses .

• 3. Check the condition of the goods before selling:

  • Ensure the product is in good working order, clean, and usable.

  • Avoid listing items that are outdated or no longer needed (e.g., analog telephones, VHS players) — unless you are certain the buyer is a collector or antiques enthusiast.

• 4. Set a realistic price, don't let emotions get the better of you:

  • There are things you used to love, but in tough times, prioritizing cash flow over emotions is important.

  • Remember: an item loses value if left unused for too long , while a meal or rent is a basic necessity.

Think of selling things online as a "financial cleanup," helping you lighten your burden and refresh your living space. Each item sold not only brings in money but also helps you feel like you're in control of your life instead of being controlled by circumstances.

Option 4: Selling handmade items online – Turning a hobby into a source of income

If you're crafty or love being creative, now is the perfect time to turn your passion into real money . Selling handmade products not only helps you utilize your free time but can also become a stable, long-term source of income if you know how to develop it.

Here's a practical guide to starting a successful online craft business:

• 1. Identify your strongest product:

  • Choose a dish that you are really good at and love , for example:

    • Handmade jewelry, scented candles, handmade soaps

    • Clothing, canvas bags, paintings, greeting cards, home decorations

  • Create your own unique style , because uniqueness is what makes your product stand out in the market.

• 2. Sell on the right platforms:

  • In Vietnam, you can start with Shopee, TikTok Shop, Facebook, Instagram, or Zalo to reach customers quickly.

  • If you want to target international customers, try Etsy – a popular platform specializing in crafts and art products.

  • Invest in high-quality photos, accurate descriptions, and reasonable pricing . Don't forget to clearly state the materials and manufacturing process to increase credibility.

• 3. Managing material costs and profits:

  • Record all costs for raw materials, packaging, shipping, platform fees, etc., to set a profitable yet competitive selling price .

  • Start small – just a few prototypes to test market reaction before making a large investment.

  • Gradually, as you build up regular customers and a steady stream of orders, you can develop it into a personal brand .

• 4. Try your hand at craft fairs (if you have the opportunity):

  • Handmade fairs, weekend markets, or local events are great opportunities to promote your products.

  • However, booth rental costs can be high , so consider carefully or share a booth with friends to save money.

Don't be afraid to start small. Many of today's famous handmade brands started in the kitchen, on a table, or in the garage. The most important thing is to be persistent, maintain quality, and always learn about new trends .

Option 5: Renting out spare rooms – A safe and practical solution for earning extra income.

If you have a spare room in your house , consider renting it out short-term or long-term to generate a steady stream of income. This is a smart way to generate cash flow , especially if you live in a densely populated area, near the city center, a university, or a tourist attraction.

Here are some important tips to help you rent out your rooms effectively and safely:

• 1. Consider the location and potential of the house:

  • If you live in a big city, a tourist area, or near a university , it will be easy to find tenants for your room rental.

  • You can choose the format:

    • Long-term rental: for students and working professionals looking for long-term accommodation.

    • Short-term rentals: through platforms like Airbnb, Booking.com, or Facebook Marketplace.

• 2. Utilize online platforms to find tenants:

  • Airbnb is a popular choice if you want to rent out your property as a short-term vacation rental (homestay) .

  • For long-term rentals, you can post ads on Chợ Tốt, Zalo, or Facebook groups for rental properties in specific areas.

  • Please post clear photos, an accurate description , and clearly state the rental period, price, and rules for using the shared space.

• 3. Be mentally prepared and think carefully before renting:

  • Allowing others to live in your home requires trust, respect, and a clear commitment .

  • If you only intend to rent it out for a few months, be sure to state the duration clearly from the start to avoid conflicts later.

  • A simple rental agreement should be signed, including clauses regarding security deposits, responsibilities, and notice periods before departure.

• 4. Ensuring safety and privacy:

  • Keep your own key to your room, and lock up your valuables and personal documents.

  • Before agreeing to rent, find out a little about the renter – their occupation, reason for renting, and expected length of stay.

  • If you're a short-term guest on Airbnb, carefully read previous guest reviews to choose a trustworthy provider.

Renting a room is a form of sharing space – it's not just a monetary transaction. Treat your tenants with kindness, but set clear boundaries to protect the safety and comfort of both parties.

Option 6: Providing services in the community – A quick way to earn extra income.

When you're facing financial difficulties, starting right where you live is an extremely practical approach. Instead of searching for work far away or waiting for a big opportunity, proactively offer small but essential services to those around you. These jobs don't require much capital , just hard work, integrity, and a bit of flexibility.

Here are some ideas you can try right away:

• Walking the dog, watching pets, or house-sitting for a neighbor:

  • Many busy people or those who travel frequently need a trustworthy person to look after their pets or guard their home .

  • This is a light job, easy to start, and can be done alongside other tasks.

• Get cleaning, laundry, or gardening services:

  • Home cleaning, gardening, and car washing services are in high demand.

  • You can work by the hour or by the session , depending on your free time.

• Babysitting, caring for the elderly, or assisting the sick:

  • This job requires responsibility and patience , but it is often quite well-paid.

  • If you have experience, highlight it in your flyer or post.

• Effective service promotion:

  • Print simple, clear flyers that include service information, phone number, and service area.

  • Post on local Facebook groups , Zalo, or neighborhood bulletin boards.

  • When you get your first customer, do a great job so you get referrals. Reputation spreads faster than any advertisement.

These small but practical tasks not only help you earn extra income , but also build relationships and trust within the community . In difficult times, this very connection can open up bigger opportunities for you later on.

Method 7: Easily earn extra income by selling used items from home.

If you have some spare time or need extra money to cover living expenses, take advantage of old items in your house—don't throw them away just yet. A garage sale can help you declutter your space while earning some practical income.

Effective method:

• Planned house cleaning: Gather up items you no longer use — clothes, household goods, books, decorations, old electronics…

• Fair pricing: Sell at a reasonable price, prioritizing quick return on investment rather than maintaining high prices.

• Neatly arranged and easy to see: Display items in groups to make it easier for customers to choose.

• Pre-sale promotion: Post information on Facebook, Zalo, neighborhood community groups, or online second-hand marketplaces.

• Friendly and flexible attitude: Open to negotiation to build rapport and sell faster.

Benefit:

• There's extra money for food, gas, bills, and essential expenses .

• Cleaning up your house will make it cleaner, tidier, and give you more living space.

• Who knows, you might even help someone else find something they really need.

Method 4: Look for a job every day and upgrade your skills: The secret to overcoming unemployment.

Tip 1: Apply for jobs every day to get back into the job market sooner.

When unemployed, the most important thing isn't worrying, but taking consistent action every day. Here are some practical ways to help you find a new job quickly:

• Dedicate time each day to job searching:
  Think of job hunting as a "full-time job." Each day, dedicate at least a few hours to reading job postings, selecting suitable positions, and applying as soon as possible. New jobs may come from unexpected opportunities.

• Submit your application directly:
  Don't just wait for job postings. Call, email, or visit the company in person to inquire about hiring. This proactive approach demonstrates seriousness and can help you make a stronger impression on recruiters.

• Take advantage of reputable job websites:
  Using platforms like Indeed , CareerBuilder , or Vietnamese job sites like VietnamWorks , TopCV , Vieclam24h , you can:

  • Find suitable jobs by industry, location, and salary range.

  • Upload your resume (CV) so that employers can easily find you.

  • Update your CV regularly to keep your "profile active" in the eyes of potential employers.

Tip 2: Learn new skills to increase your job opportunities.

Unemployment shouldn't just be a "waiting period," but an opportunity to upgrade yourself. Learning new skills not only boosts your confidence but also impresses employers with your proactive attitude.

• Actively participate in courses:
  Register for courses that are relevant to your desired career, such as computer skills, communication, marketing, foreign languages, or soft skills. Many courses are now completely free or low-cost , making them ideal during this temporary period when you have no income.

• Take advantage of job placement centers:
  Many Job Placement Centers or Employment Service Centers under the Department of Labor, War Invalids and Social Affairs organize short-term courses on computer skills, vocational skills, career counseling, and free recruitment information.

• Find out about reputable online training programs:

  • Microsoft Learn , or programs in partnership with non-profit organizations, helps learners access free or subsidized technology skills training.

  • Monster.com also offers a variety of online courses (eLearning) to help you hone your professional skills and enhance your resume.

  • Additionally, in Vietnam, you can study on Coursera , Udemy , Kyna , Edumall , or Google Career Certificates – platforms that offer globally recognized certificates.

• Show the employer that you are always eager to improve:
  Taking courses while unemployed demonstrates your continuous learning and readiness for new work – a major plus in the eyes of employers.

Tip 3: Participate in apprenticeship programs to gain practical experience.

If you lack experience or are looking to change careers, apprenticeship is a very worthwhile option. It's a way to learn while working, helping you develop practical skills and opening up opportunities for stable employment in the future.

• Vocational training – an opportunity to "learn and earn money at the same time":
  Most apprenticeship programs offer paid training , although the initial salary may not be high. However, you receive direct guidance in a real work environment, accumulating skills without the training costs associated with formal schooling.

• Developing practical skills makes it easier to get a job:
  Apprenticeship helps you understand work processes, get hands-on experience with tools and machinery, and interact with real customers—something that theoretical degrees can hardly provide. Many businesses are willing to hire former trainees or apprentices who have completed their training.

• How to find the right vocational training program:

  • In Vietnam, you can find information at vocational education and continuing education centers , vocational colleges , or through the job portal of the Ministry of Labour, Invalids and Social Affairs .

  • Many businesses, especially in the fields of engineering, manufacturing, electrical and electronics, mechanics, culinary arts, fashion, etc., have vocational training programs that recruit students periodically.

  • For those interested in technology or services, you can find apprenticeship opportunities through Google Career Certificates , Samsung Tech Institute , or other high-quality vocational training centers.

• View this as a stepping stone, not a step backward:
  Although the initial salary may be low, apprenticeships provide a solid foundation, making long-term career advancement easier. Many people who started as apprentices go on to become technicians, managers, or small business owners.

Secret 4: Start your own business to proactively generate income and pursue your passion.

If you have skills or experience in a particular field, don't hesitate to start your own small business . This is not only a way to generate income while waiting for a job, but it can also open up a more sustainable career path.

• Leverage your existing skills to make money:
  Consider what you do best — for example, cooking, design, teaching, repairs, pet care, gardening, consulting... You could start small, serving your local community or selling products/services online.

• Start small but professional:
  You don't need a large capital investment; just be clear about your goals, target customers, and the value you bring. Build a trustworthy image, from your communication style and products to your after-sales service. Reputation is your most valuable asset when starting a business.

• Leverage online platforms to sell your products:
  Channels like Facebook, TikTok, Shopee, Zalo, Etsy , etc., help you reach customers easily and at low cost. If you provide services, you can promote them through social media or create a simple website to help customers find you.

• Autonomy and freedom in the workplace:
  When you're your own boss, you don't need to wait for interviews or depend on a boss. You have the right to experiment with new ideas, choose the right path, and turn your passion into a real income.

• Start on a personal scale:
  It could start with selling handmade goods, tutoring, freelancing, or offering a small service. The important thing is to begin , experiment, and learn from experience to gradually develop it into a stable business model.

Tip 5: Volunteer to gain experience and expand your job opportunities.

If you lack experience or are looking to develop new skills, volunteering is a meaningful option that can also help you impress potential employers.

• Volunteering helps you learn practical skills:
  By participating in community activities, you will learn teamwork, communication, organizational, and problem-solving skills – qualities that are highly valued in any business.

• Make a good impression on your job application:
  Volunteer experience demonstrates that you are responsible, contribute, and proactive in learning. When included on your CV, these activities show that you have a spirit of dedication and the ability to adapt well to new environments.

• Numerous internship and career networking opportunities:
  Many non-profit organizations or social projects often partner with businesses and schools, and may refer you to suitable job opportunities after you complete your volunteer work.

• Choose the right volunteer location:
  You can volunteer at hospitals, social welfare centers, animal rescue shelters, charities, or student clubs . Additionally, organizations like the Red Cross , UNICEF , VEO , SJ Vietnam , etc., often have volunteer programs suitable for those who have just started working.

• Something of greater value than the job:
  Volunteering not only helps you gain skills and build relationships, but it also provides a sense of purpose, helping you maintain a positive attitude while you're looking for a job.

Tip 6: Perfect your job application to make a strong impression on recruiters.

One of the reasons you haven't found a job yet might lie in your CV (resume) . A CV is not just a summary of your work experience; it's also your "first ticket" to getting through the selection process.

• Review and edit your CV content:
  Take the time to review and update the latest information about your skills, experience, and achievements. Put yourself in the employer's shoes to understand what they want to see — for example, the results you've achieved, the skills you bring, or your work attitude.

• Focus on what the employer needs:
  Each job has different requirements, so don't send the same CV to all of them. Tailor the content to highlight the skills and experience most relevant to the position you're applying for.

• Take advantage of online resources and guides:
  There are many CV templates, detailed instructions, and professional CV creation tools available online, such as TopCV, Canva, Novoresume, Indeed , etc. You can also join experience-sharing forums or recruitment groups to get feedback on your CV from others.

• Check carefully for spelling and grammar errors:
  Even a small mistake can make an employer perceive you as unprofessional. Read it at least twice or ask someone else to proofread it before sending it.

• Ensure your CV is presented clearly and professionally:
  Use an easy-to-read font (such as Arial or Calibri), font size 11–12, and appropriate line spacing. If you're unsure, you can use pre-made templates available on reputable CV creation websites to ensure a visually appealing design.

Tip 7: Pay attention to your appearance to make a professional impression when looking for a job.

Appearance isn't the sole determinant of competence, but it's the first impression a recruiter has of you. A neat and presentable appearance shows that you respect the job opportunity and are serious about the work you're pursuing.

• Dress appropriately and respectfully for the occasion.
  You don't need to spend millions of dong on a suit. Business casual attire – that is, formal but comfortable – will suffice:

  • Men: trousers, collared shirt, optionally a jacket or tie.

  • Women: office dresses, blouses, or elegant dresses.

  • Avoid wearing jeans, t-shirts, sneakers, or flip-flops when going for an interview or submitting an application.

• Maintain cleanliness and tidiness:

  • Take a shower, wash your hair, and comb it neatly before going out.

  • Clothes should be washed and ironed clean , as wrinkled clothing can easily make you look unprofessional.

  • Shoes should be clean and match the outfit.

• Economical yet professional:
  If you're on a tight budget, you can find work clothes at secondhand stores, clearance markets, or thrift stores . Many places sell very new items at low prices. Alternatively, borrowing clothes from family or friends is also a smart solution.

• Let your appearance reflect your attitude:
  Employers don't just look at your attire; they also pay attention to your demeanor, posture, smile, and communication style . A well-dressed, polite, and confident person always leaves a more positive impression.

Tip 8: Stay busy and positive while unemployed.

Unemployment is not only a financial challenge but also a test of mental health . Many people fall into a state of depression, low self-esteem, and loss of motivation if they stay home for too long. Instead of letting yourself fall into that vicious cycle, proactively maintain an active and meaningful life each day.

• Get outside and exercise regularly:
  Don't confine yourself to your home. Go for a walk, exercise, or simply go to a cafe to read a book and observe life. Physical activity helps improve your mood, reduce stress, and keep your body healthy during this difficult time.

• Maintain social relationships:
  Even if you're unemployed, don't isolate yourself from your friends, family, or community. They're not only a source of emotional support , but they can also provide job information or connect you with new opportunities.

• Try learning or doing something new:
  Spend time on hobbies or learn a new skill you've always wanted to try: cooking, learning a foreign language, doing crafts, learning photo editing, gardening… These small activities help you feel useful and maintain a positive attitude.

• Maintain a proactive and disciplined attitude:
  Create a daily schedule for yourself: look for jobs in the morning, exercise or study in the afternoon, and relax or read in the evening. When you maintain a stable rhythm of life , you will no longer feel "lost" because of unemployment.

Tip 9: Seek emotional support from family and friends.

Unemployment can easily lead to discouragement, anxiety, and withdrawal , but don't try to suffer alone. Sharing and connecting with loved ones is a powerful emotional support system that can help you get through this difficult time.

• Don't be afraid to express your feelings:
  When you feel discouraged, scared, or lost, talk to a trusted friend, sibling, or family member . Sharing your feelings can help you feel better and may lead to practical advice.

• Receive emotional support, not just material support:
  Sometimes, just a conversation, a word of encouragement, or a meal with family can help you regain your energy and self-confidence. They are an important source of emotional support during your most vulnerable moments.

• Stay connected regularly:
  Even while busy searching for a job, make time to chat with friends, meet up, or participate in community activities. Maintaining relationships not only helps alleviate loneliness but can also lead to unexpected job opportunities.

• Remember that you are not alone:
  Everyone goes through difficult times in their career. Unemployment doesn't define your worth—it's just a temporary setback before you find a new direction.

References

1. https://www.fns.usda.gov/snap/supplemental-nutrition-assistance-program
2. https://www.debt.org/jobs/paying-debts-while-unemployed/
3. https://www.hud.gov/
4. https://www.vice.com/en/article/how-to-handle-unemployment/
5. https://www.monster.com/career-advice/article/free-job-training
6. https://www.forbes.com/sites/jacquelynsmith/2012/03/21/10-things-you-need-to-do-while-you're-unemployed/
7. https://www.vice.com/en/article/how-to-handle-unemployment/
8. https://www.indeed.com/career-advice/resumes-cover-letters/how-to-make-a-resume-with-examples

Translated by: Lesley Collins Tran .