1. 22 Tips on How to Survive Financially after aJob LossWell,
how many of us face a situation when you are asked to leave your
job with no notice. Theanswer is quite of a lot of us. Yes, it has
been one of the highly followed methods for companies toreduce the
cost to the company by cutting short the strength of the man power.
Naturally, theemployees here are terminated without any prior
notice or indication. It could well be termed asharassment on part
of the company, but nevertheless we all know they play it safe by
reasoning thesituation as cost cutting, low generation of income,
unforeseen loss and many others. Somecompanies also reason as poor
performance on part of the employee. Men or women face
samesituation and phase when they lose their job suddenly that
seemed to be going so smooth. Thisarticle reads about how to
overcome this stress, pressure and depression of losing a job. Let
us gothrough these points which describe how to feel balanced and
practical about having lost a job.Having a loss of job or being
stated as you are not required anymore, sorry we are downsizing
thestrength of our organization, unfortunately we have not had a
good year of revenue and hence wemay have to terminate a few
employees, etc always hurts and depresses employees. The first
thingan employee feels is shocked or blanked out. How to react in a
given situation like this is neatlycrafted below. This is sure to
help all those employees who feel mentally low and less energetic
todo anything in life after a situation like this falls into their
lap.1. Avoid panicking: The first and foremost thing employees get
prone to is panic. On hearing ajob loss, one may get shattered and
disturbed mentally which eventually results in getting
panicked.Avoid panicking and get stable to analyse what needs to be
done as the next step. True, it is verydifficult but coping up to
overcome this phase is always better than supporting your feelings
forwhat has happened and spending worthless time which makes one
feel sick and lost in the world.The best way to overcome this
immediate hurtful situation is to meditate, visit a place that
actuallysoothe your mind and soul or even a person whose advise
could actually put the pressure out ofyour mind. Decisions taken
while being calm and peaceful is more worth than been made in
adisturbed state.
2. 2. Think positive: The second most important thing is to
think positive. Rebuilding strength andconfidence are the only two
things which build your base to start a new search, and to gain
this; oneneeds a lot of patience. Try not thinking of what has
happened instead think positive to reassure thatyou are worth the
experience and your talent is good to start a new job. Inducing
positive energyinstigates positive vibes, rebuilds confidence,
supports your thinking ability, strengthens yourdedication and
pushes you to achieve more than before. With these good attributes
that follow apositive thinker it is definitely easy to breathe and
come out of a grieving period.3. List some dos and donts: Well, it
is practical, logical and common that one should think aboutwhat
should be done and what should not to be done if the person is
unemployed. When the firststep is followed and if it has helped in
being calm then the next step is to re-arrange or re-organizethose
lists of things that were usually carried out as an employed
individual. Because theexpenditure now matters a hundred times more
than the previous routine. Having said this, it is wiseto spend
very carefully and not pour out money and involve ourselves in
activities that actuallysupports the depression or sadness that is
caused due to job loss. List how much can be saved out ofthe
remaining bank balance and follow a stringent rule of expenses
until one finds a job.4. Plan your money:Many of us do save some
money for the rainy season, but note not all. There are still
people whoare forcibly committed with some liabilities or some who
actually think they have a reliable job inhands and hence both
these people could not or would not have saved any money. But
relax, this isno time to get mentally week, approach the best ever
person who can help you survive in a situationlike this or seek
help from the governing bodies who would have options and a helping
hand. Youcould also mortgage personal possession if any although
this advice should only be considered as alast resort.5. Do a
research: Once you know you have enough money to survive for the
next one or couple ofmonths, it is time to think about the current
market scenario and job requirements. It is important todo a
thorough analysis of all three aspects such as social, economical
and political status of the time
3. period. Doing so enlightens you about the kind of jobs that
are in demand and those that are ofaverage chances and the ones
which actually have no demand. With the help of these analysis,
studywhich job can be fetched easily and how can that be cracked
positively.6. Be open to jobs: Jobs are of varied kinds, but for
the given scenario there can be two majorsuggestions and lets
pretext those different possibilities.a) For the person who has
actually saved a good amount of money and have more number
ofexperience: In this situation, if the person wants to wait
religiously to get that suitable job so as tonot let go off their
previous experience in vain, then they can wait and opt only for
those jobs thatactually can satisfy their passion.b) For those who
have borrowed money, or have fewer saving or just with minimum no.
of years ofexperience: In this situation, the person should rather
switch to a job even if it may not belong to hisor her previous
experience or not their domain of education. Because this job is
the need of the hourto stock some money and to support their
situation. Hence approaching a job for time being will actas a good
start which eventually tries to build your confidence.In both the
cases although the crisis is same, the needs differ based on the
money or savings orpossessions they have. It is true, this
situation may not affect much to a person who is already welloff
and safe to continue a good journey but for a person who relies
completely on a job source, itwill be difficult to recoup.7. Set a
target: Setting a target keeps you on toes and helps you to quickly
make your actions.Once you decide on what kind of a job is apt for
you, set a date to finish your search. This helps youbeing
organized and more active in searching as many jobs as possible.8.
Do your homework: Revisit your phone diaries or contact lists for
ex-employers who can helpyou fetch a placement, friends who are in
the same field, a free news paper ad, web sites that freelyaccept
your ad, etc. Apart from this, one can also find jobs through
online search and classifieds onnews paper. These are some of the
cost effective ways to find a job and it also works most of
thetime.9. Start your search wisely: Start your job search with
effective and productive ways thanspending more money into finding
a job. Contact employers through emails or phone calls. Dropinto
offices that may call for walk-ins rather than wait for them to
call you back or email you. Coveras many companies as possible, so
that you have enough chances to bag a job.10. Revisit your resume:
Update your resume for best results. Rebuild you resume and make
itinteresting by highlighting your strengths and proving your facts
and achievements. One shouldachieve things in a more realistic way
and with new ideas to be at par to prove newer competitions.11.
Online jobs:
4. Although not all online jobs can provide you a good salary
but to keep you going with your dailyand basic requirements one can
always seek help from online employers or try approachingfreelancer
jobs. These jobs pay you reasonable money and save you from being
helpless.12. Talent that can help you: Awaken your hidden talent or
things that you once considered as ahobby. These things might
surely be of some good help. Taking some classes, probably
doingworkshops, teaching subjects etc are always saving lines in
such situation if you think you have stillnot found a job.13.
Explore: Having lost a job suddenly is definitely a bad sign but on
the other hand positivethinking exposes you to the world that
actually you have not known for long. Yes newopportunities, new
companies, new skills, new technologies used etc all are discovered
in thisphase.14. Educate/Upgrade: As mentioned previously this
phase teaches you new things that you wouldhave overlooked
otherwise. Hence this may also provide you an opportunity to
upgrade yourknowledge skills in your domain or even educate
yourself with new required and most searchedskills for a
company.15. Keep in touch: Keep in touch with your ex-colleagues
who are in job and those who canprovide you some insights of what
new is happening in the industry.
5. 16. Seek help from trusted ones:Seeking financial help from
people whom you trust or whom you can rely on will keep you
stable.17. Dont give up: It is a fight, you should not give up.
Have the courage to face the newchallenges and survive the
situation. Hope, dream, effort, dedication, positive thinking,
having faith,believing in you, trusting your achievements etc all
are attributes that must be fixed in your mind.18. Learn a lesson:
Well whatever happens in life; happens for good. It is important to
realise theworth of money. This situation forces you to live with
stringent expenditure and helps you learnmoney saving
methodologies. These will help you save more money and make you
spend less onunwanted materialistic things even after you start
earning sufficient. This will pave way for savingmoney on a
futuristic thought for all those individuals who have had no
control over spendingmoney.19. Part time jobs: There could be part
time jobs that may not satisfy your requirements but areadvisable
to approach as they may pay you to survive and come out of the
current scenario.20. Be flexible: Flexibility is one of the
important things one must learn in this kind of a situation.The
need of the hour is money and hence one should be approachable for
jobs that may sometimesdemand working in shifts or even working
overtime, as far as it is on legal terms.
6. 21. Arrange liquid money:If you possess any movable tangible
assets or even precious assets (Gold, silver, jewellery) whichyou
think may help in covering you until you find a job, then you must
liquidate these assets insteadof borrowing money from a legal
entity like bank. As the interest paid on such money is high andthe
cooling period for some loans are only for a limited period.22.
Deposit money: Invest your savings previously made or money that
has emerged out ofliquidation, into a profit generating deposit so
as to earn good amount of interest that you can livewith and
breathe until you earn a good job.
7. 21. Arrange liquid money:If you possess any movable tangible
assets or even precious assets (Gold, silver, jewellery) whichyou
think may help in covering you until you find a job, then you must
liquidate these assets insteadof borrowing money from a legal
entity like bank. As the interest paid on such money is high andthe
cooling period for some loans are only for a limited period.22.
Deposit money: Invest your savings previously made or money that
has emerged out ofliquidation, into a profit generating deposit so
as to earn good amount of interest that you can livewith and
breathe until you earn a good job.
