How to Beat the Job-Loss Blues: A Guide to Surviving the Unexpected

Losing a job is sometimes out of our control but it doesn’t mean we should live in fear.
How to Beat the Job-Loss Blues: A Guide to Surviving the Unexpected
Making yourself valuable is a good way to secure your job. PeopleImages.com - Yuri A/Shutterstock
Updated:
0:00

Job redundancy, downsizing, cutbacks, layoffs—whatever you call it, when that dreaded pink slip lands on your desk, it’s about as welcome as a root canal. But living in constant fear that your job could disappear any day now? That’s like waiting for a surprise party you really, really don’t want.

Even if you’re convinced your job is solid, statistics say otherwise. Most of us will change careers a few times before we retire. So whether you’re feeling secure or sensing storm clouds, it’s time to get proactive. Don’t panic, but don’t get too comfortable either. Start living as if you’ve just been handed a six-month notice. Here’s how to prepare yourself mentally and financially so you’re ready for whatever comes your way.

Your Financial Safety Net

Every household needs a stash of money set aside for when the income stream dries up. This isn’t just a rainy-day fund—it’s your lifeline, and it should be enough to cover all your bills and keep food on the table for at least six months. Trust me, if you find yourself out of work, those six months will feel more like six minutes.
Mary Hunt
Mary Hunt
Author
Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, “Ask Mary.” This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book “Debt-Proof Living.” COPYRIGHT 2022 CREATORS.COM