Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Money and Main Street
3 of 6
BACKNEXT
Jon Mikres
Family: Single
Former job: IT specialist
Hometown: Woodbury, Minn.

I didn't expect to be laid off. Not at all. I graduated from college in 2006 and quickly landed my first job as an IT specialist in Woodbury, Minn. I knew the company wasn't doing as well as it had been, but I was still surprised.

The timing was awful; I had purchased a more expensive phone plan a few days prior, a new car one year ago and my first home a few months earlier.

The unemployment checks started the beginning of January, and I have to cut into my savings. I took no taxes out of the unemployment insurance benefits so I can get cash now. That means I won't have the nice tax return next year.

I'm making it work, but without my roommate paying rent I'd have defaulted on my mortgage. My savings could last me through summer, but after that I'll be cutting it close. With the salary at my last job, I couldn't save much after paying for bills and food.

I've cut back on everything. I eliminated going out for lunch and going out on the town on weekends. I go out about once every two months now. It's not the life I expected at 26.

Every day, I search for new job postings. I've had some interviews but nothing solid has come from them. It's tough. I have ups and downs. Some days I feel hopeless, but I know I have to be optimistic. --J.P.

NEXT: Jason Rohrick

Last updated June 15 2009: 10:12 AM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
'Spotlight' is just the latest edition of newspaper movies Here's a list of the best newspaper movies. More
Most valuable car collection ever auctioned In total, the 'Pinnacle Portfolio' is the most valuable group of cars from one collection ever sold in a single auction. More
This is how far robots have come since the 1930s Are robots catching up to humans? Yes. Should we be scared? Find out! More

Special Offer