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New Directions Surviving a Layoff or Job Change. Where Are You Now?. What happened? How are the finances? What resources are available? Who must be contacted?. Where Are You Going?. Prepare for the future Budgeting, saving, spending Stay Positive Request a financial counseling session.
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Where Are You Now? • What happened? • How are the finances? • What resources are available? • Who must be contacted?
Where Are You Going? • Prepare for the future • Budgeting, saving, spending • Stay Positive • Request a financial counseling session
Review Your Finances • Income • Expenses • Debt • Benefits
List Sources of Income • Unemployment • Savings • Severance • Temporary jobs • Spouse • Raising cash • Family members • Other
Review Expenses • List in detail • Determine needs vs. wants • Prioritize • Reduce daily expenses
Evaluate Debt • Contact Creditors • Ask for reduced payments • Use credit sparingly • Update your credit record
Don’t Forget the Benefits • Health Insurance • Severance Pay • Pension or Stock Options • Occupational Coaching
You’ve Reached Your Destination! • Congratulations • Repeat the Process • Regroup and reevaluate • Review your finances • Plan for the future