I Lost My Job, What Do I Do Now?

I Lost My Job, What Do I Do Now?

By:


When you lose your job, youre not only losing income. You lose structure, routine, friendships and a sense of well being. Immediately get support from your family and friends, letting out your feelings and allowing yourself to release the anger or hurt from your job loss. This will also allow them to keep you in mind should they see an opportunity for you in employment. Now that youve dealt with the emotions, its time to make a plan. Here is a list of things to do when you lose your job:

Reflect Why did you lose your job? Did the company restructure or downsize? Were you directly responsible? You should start to think about your current skill level and abilities, how you can excel in an industry and what you need to accomplish that. Think about whether you enjoyed what you were doing or is this your chance for change.

Apply for Unemployment Insurance Benefits Find out if you qualify for EI. It may take a while to apply and to receive your first payment, your payments may barely be enough to cover your expenses and they run out really fast but its definitely a step that you should take until you get employment again.

Cut Your Expenses You will want to make your funds last as long as possible so cut back on unnecessary expenses. Talk to your creditors and explain your situation. See if you can negotiate smaller monthly payments or interest rates. Never ignore your bills. Change your cable service to basic, make a decision between landline or cell phone, cut back on entertainment. At this point, youre not sure if youll find a job that is less money, more money or whether youll find a job in 3 months or 2 years so its always best to be wise.

Create a new daily routine Embrace the change. Dust off your resume, develop coping strategies and network to increase your probability of finding a job soon. A job takes a large portion of your time and although looking for a job may not take up all your time but it will take up a big part of your schedule. Set up a time for job searching activities and also set aside time for recreation and leisure such as walking, going to the library or taking a workshop.

Remember to take care of yourself. Dont hide on the sofa. Keep yourself well groomed and keep your sense your humour. You can accomplish so much when youre smiling so keep smiling!

For more valuable tips and information visit www.prudentcreditrepair.ca

About the Author:
Prudent Financial Services is the leader in loans to people with bad credit histories since 1984.
www.prudentcreditrepair.ca



Article Originally Published On: http://www.articlesnatch.com


Tags: , , , , , , ,

|

Loading...
Related....
Videos...

Recent Finance Articles

Comments

Still can't find what you are looking for? Search for it!

Loading

Site Navigation:

Copyright 2005-2011 ArticleSnatch, LLC - All Rights Reserved.
Privacy Policy | Terms of Service.