What to do if You Lose Your Job - Madurai Personal Finance Wisdom

What to do if You Lose Your Job

You lost your job, now what?

Stay positive and surround yourself with supportive family and friends and consider the following steps:

1) Immediately evaluate expenditures, bills and financial accounts for strengths and weaknesses.

2) Adjust your budget accordingly and minimize discretionary spending.

3) Discuss with your employer severance pay, outplacement services and medical insurance continuation options.

4) Check out the free job placement and career training services offered by your state. Taking classes will enhance your resume.

5) Remember, every penny saved will add up and help you get through until you find a new job.

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