Whether you realise it or not, searching for a job is an investment in itself. As a candidate, you need to put in time, money and effort in the hopes of finding the job that you want. But there's no need to splurge when it comes to job search.
If you are looking for a job, there's a big chance that you don't currently have a stream of income in place to support you in the long term. You might even need to work on a limited budget because of it.
The key to maximising your finances is making smart decisions during the job search process. And making smart decisions don't always mean cutting corners and spending less. It's all about getting the most out of your money without compromising your chances of getting hired.
Follow these four smart money tips to help you on your job search.
1. Take your job search online
In this digital age that we live in, you'll think that all people are using their computers and mobile phones to look for jobs. Sadly, that is not the case. While online job search continues to grow, there's still a huge chunk of the job-seeking population that prefers to painstakingly march their way in and around offices to look for job openings.
While such hard work and dedication is admirable, there is a much easier way of doing it and that is to take your job search online. Using online job portals will help you make your job search more efficient and effective because of two important reasons.
First, online job search saves you certain costs (e.g. travel and food expenses) and more often than not, you're better off allocating such resources to something else like attending job interviews. This is especially true if you are going on a long-distance job search a.k.a. traveling to another city or country to look for jobs.
The second reason why online job search is more efficient and effective is because it makes you stay competitive in today's marketplace. There are more job opportunities online than ever before. Use it to your advantage by taking your job search online.
2. Research and planning will save you a lot of money
Research, research, research - about 99% of articles you'll read on job search will have a sentence or two about planning and research yet a lot of candidates still fail to do it. If you don't want to blow you savings during your job search, then research for certain ways to maximize your resources and plan your job search accordingly.
An example of a valuable research that can save you money is knowing where your potential employer's office is located and finding out the best route going there without hiring a cab or using Uber. This is especially useful when you're traveling to part of the city (or another city) that you are not familiar with. Instead of spending on expensive cab rides, you can research the easiest and most convenient route via train or bus.
Planning, on the other hand, will allow you to do things like schedule multiple interviews during the same day. If you are applying to multiple companies and they happen to call you for an interview on the same week, then you can schedule the interviews on the same day instead. This is very useful especially when the interview locations are close to each other.
Doing your research and planning your job hunt accordingly do not only save you money. More than anything, research and planning will significantly increase your chances of getting the job that you want. And that will mean that you won't only be saving on some of the expenses involved in your job search but you'll also save a lot of time and effort.
3. Time is money, so spend your time wisely
Time can either be a job seeker's best friend or worst enemy.
If you know how to properly budget your time during job search, you will end up spending less and gaining a whole lot more during the process. Be a determined job seeker. Make it a point to find the job that you want in as little time as possible. Remember, the longer you remain unemployed, the more expenses you'll incur. Stretching your job search into a several months instead of a few days or weeks can deal a huge blow in your savings - that is of course, if you have any.
Don't be a passive job seeker. Don't look for jobs only if you feel like doing it or whenever you have some free time. Looking for a job should be your full-time job while you remain unemployed.
That doesn't mean however that you need to send out a hundred of applications per day. Maximizing your time when hunting for a job means that you use the time you have to ensure quality applications are sent out to quality hirers. At the same time, it's also about "getting your head in the game" and not letting anything distract you from finding the job that you want.
Remember, when you spend your time wisely, you end up spending less money.
4. Allow as many people as possible to help you
When was the last time that a former colleague recommended you for a job? Have you ever asked your kin or peers to take a look at your resume? Did your friends ever give you interview advice even though some of them are unsolicited?
Asking for help during your job search isn't all that uncommon. Working on a limited budget when looking for a job will give you all the more reasons to actually seek for help when you need it. The thing is, valuable help doesn't always come in the form of grand gestures. It's often the little and simple things that will save you a few bucks and ultimately contribute to your job search success.
If you need a lift to a certain interview location, maybe you can carpool with a friend or ask someone to drive you. If you are in need of a graphic resume, for example, maybe you know graphic designer who can do it for you. Need to wear a suit to an interview? There's a big chance that someone you know can actually lend you.
Instead of shelling out money to pay for something, you can ask someone to help you out for the meantime. Just be respectful and considerate with the way you do it. And when you finally land the job that you want, always remember to pay it forward. There's always a candidate out there who will need your help.
Don't waste your hard-earned money by splurging too much when you're job hunting. Remember these tips and apply them on your job search to help you get the most out of your money while increasing your chances of getting hired.
This article is brought to you by JobStreet.com. Do visit our page for more career resources.