How To Handle Being Fired

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Evaluate Your Financial Situation

Hopefully, you have built up an emergency fund to keep you afloat for a few months. Even if you haven’t, take a hard look at your current financial situation. How much do you have saved? Are your assets liquid? Did your job offer a severance package? Be sure your job is still offering you medical benefits, even if just for a few more months, through COBRA. If like many Americans, you lived paycheck to paycheck, don’t panic. There are things you can do to cut your expenses and stretch the money that you do have further. Luxuries such as cable, weekly hair appointments,  and going out to eat organic cuisine will have to be the first things to go. Make a list of the nonessential expenses that you incur and get rid of them until you can get back on your feet.

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