Approved for EI
Well I am happy to report that I have been approved for EI. I am still living off of severance pay up until April 3rd. Then I have a 2-week waiting period where no benefits will be paid out. Then starting the week of April 18th, I will be eligible to start earning benefits (I think that’s how it works – will be calling tomorrow to confirm). Meaning, I will be okay. Insert huge sigh of relief now. :) I might have to dip into my EF for a couple of weeks, depending on how prompt the payments are. As some of you know, it took 11 weeks to get my first payment the last time I was on EI.
Anyway, I feel like a huge burden has been lifted off of my shoulders. I won’t need to get a PT job anywhere, and I can focus on my job search. I haven’t applied for any jobs since last week. There just isn’t anything out there right now, but I’m checking the job boards twice a day, so my fingers are crossed that there are at least 3 or 4 jobs I can apply for by the end of this week.
You know, I remember 3 years ago when I was unemployed, I debated whether to even go on EI. There was just a stigma surrounding it, and I wasn’t certain if I was comfortable taking money like that. I had some money saved up, so I didn’t really NEED it. But in the end, I decided to go on it because that’s what it’s there for. I spend my entire career paying into it, so why not use it when I can? And this time around, there was no question that I’d go on EI.
How about you? When you’ve been unemployed, have you applied/received EI? Or did you decide not to, and just live off of your savings? Or … did you get denied unemployment benefits?
Author: Krystal Yee
I’m a personal finance blogger and marketing professional based in Vancouver. I’m a former Toronto Star (Moneyville) columnist, author of The Beginner’s Guide to Saving and Investing, and co-founder of the Canadian Personal Finance Conference. When I’m not working, you can usually find me running, climbing, playing field hockey, or plotting my next adventure.