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
These 10 food trends could dominate 2015 So long, kale. Here's what's expected to shake up the food industry next year. More
Beyond Russia: Geopolitical hot spots in 2015 Investors beware: These 5 global crises are likely to rattle the stock market and world economy. More
These 20 antique guns could fetch big bucks Morphy Auctions in Pennsylvania is putting nearly 1,000 old guns on the block. Here are just a few. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.