Unemployment

Unemployed: Expect The Best, Prepare For The Worst

Nobody walks into work one day saying to themselves, I bet today is the day I get laid-off. This day in age it seems as if no matter how good an employee you may be or how long you have worked at a company your pink slip could quite literally be only a day away. No matter how much you think your boss loves you, it is always a good idea to expect the best but be mentally and financially prepare for the worst. Sadly, this is advice that falls on deaf ears more often than not and as such many people are sent into devastating emotional and financial pain when they least expect it. Here are a few strategies to help you deal with the potential crushing loss of employment at your current job.

First, most of our homes are filled with so many things that are valuable yet haven’t seen the light of day in years! Should this sound like you, you can easily sell much of your excess goods online and make some extra money which will most certainly come in handy when your monthly income comes to a halt due to a job loss. Parting with some of these materialistic items may be difficult, but the alternative of being broke without food or shelter would obviously be far more painful to take. Another way to prepare for the worst is to plan ahead for exactly a situation just like losing your job. Creating a “rainy day” fund by putting aside a set amount of money from each paycheck you get will allow you to maintain the lifestyle you are accustomed to for an extended period of time after losing your job. This will give you a financial cushion to fall back on until you find a new employment opportunity.

Finally, reassess your abilities in general. Do you have skills that remained dormant in your old job but could quite possibly allow you to earn some extra cash on the side? Technical skills or carpentry skills are just a few of the many ways you can freelance your talents and earn money doing things you have never done before but have always possessed the ability to do.

By preparing yourself for a tomorrow that brings you bad news will allow you to be in a position to absorb any debilitating situations that may come your way. Don’t be content and rest on your laurels! Unemployment can happen to you and happen when you least expect it. Always remember, failure to prepare is preparing to fail.


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Unemployment