A job loss is not the end of the world. For many people, it's just the launching pad to a new, more fulfilling career. It can also be a great time to re-prioritize the plan for your money or actually create a plan.
Here are seven things to get you started on a plan that works in the good times and bad.
If you haven't lost your job but dread going to work, maybe it's time to fire your employer and go in a new direction. When you have a game plan for your money and career, you will have a sense of empowerment because you aren't a slave to the lender (or employer).
Go! Make something happen!
Tell your money where to go and start a budget with our free budget forms.
Here are seven things to get you started on a plan that works in the good times and bad.
- Stop paying extra on your debt. If you've been attacking your debt snowball like crazy, refocus that money and momentum to save a big emergency fund.
- Sock away the extra money to build up your emergency fund. If you get a severance, make it a part of your shopping emergency fund.
- Do a budget. Download free budgeting forms. Focus on your necessities first—food, shelter, utilities, transportation, and basic clothing. The creditors can wait.
- Cut way back on your lifestyle. Home-cooked meals and library books should become the norm.
- Cut up the credit cards. Nothing good can come from using them. If you don't have the cash, don't buy!
- Get a part-time job. Yes, they are available. Do everything you can to still generate some income until you find a new full-time job.
- Think about your skills and decide if now is the time to start a small business or change careers. Your options are limitless!
If you haven't lost your job but dread going to work, maybe it's time to fire your employer and go in a new direction. When you have a game plan for your money and career, you will have a sense of empowerment because you aren't a slave to the lender (or employer).
Go! Make something happen!
Tell your money where to go and start a budget with our free budget forms.
~Article was titled: What To Do If You've Lost Your Job. It was from DaveRamsey.com
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