Ways you prepared when you face a job loss

Are the rumors that may be downsizing in your workplace, termination or a merger? They are anxious not know what to do? These 5 tips can help you feel more control over your financial situation:

1. Take a long, hard look at your monthly bills. In the neck in debt? Now it is time to tighten our belts and try to use the interest rate you currently pay handle. Can I immediately after some of their claims? Transfer to a different, lower rate credit card? If you refinance your mortgage or home equity loan? Now would be time to deal with it, not after you get your pink slip.

2. What you can reduce your monthly budget? Stop buying these lattes every morning and save over $ 80 a month. Rent DVDs instead of going to the movies. They are the only ones who decide what can and can not live without it, but those are two good examples for others. Cut back on food, and you'll see more green in your wallet now, when you need it most.

3. Be aware as you pull out your wallet for every day expenses, and decide whether you really need to buy the item. Now is not the time for the shopping spree to cheer you. Instead, try to be aware of where your money goes every day, every week.

4. With gas prices sky rapidly, you should consider buying a hybrid car, or at least get those higher mileage? Do it now while you are still employed. See if the dealer deals each customer incentives such as recovery or reduce the interest rate on the loan.

5. Do you know what benefits you are entitled to work? Take time now to the personnel department to ask what benefits you are currently studying in. If you have health insurance, you need not phisical or medical tests now take advantage of this opportunity. While on the dental or vision coverage you can get a glasses and contact lenses now and see updated schedule for the visits to the dentist. 

Those who pay a lot cheaper than the full price paid for later.

Aware of the situation, planning and action seem to feel more control over their lives. Of course you can not do anything about it was released, and in most cases (unless you have committed gross negligence rather than at work), it's not your fault. It is a management decision will probably end up changing their lives for the better. See this as a new opportunity rather than a loss, and your positive attitude will help you get a new job soon. Good luck!

Issues you discuss, if you lose your job

You work for a company that goes through many changes and variations. Word goes around on the dismissals, and you are worried you are next. If you've been a model employee and is remitted, in everything you do, make sure you ask these three questions as you put your pink slip are:

1. Ask for a letter of recommendation. They can help you land a new job, because it is positive to have a letter that celebrates you and your success. It shows prospective employers that your termination of a business decision and not because of any misconduct on your part. Most people forget to ask for it, and it is difficult to try to return later and ask for one.

2. Find out about severance pay. You are not automatically guaranteed that if by your employment contract, which was set required .. Usually a one-week severance for each year, where the activities for the company, but that may be negotiable. And especially if you recently completed an important project, is a respected, or achieve the main goal, make sure to remind them. It can buy you another week of severance pay they do not plan on it.

3. Are you entitled to unused vacation? In most cases the answer is no. Some companies you can roll over their unused time from one year to another, while others use it or lose it policy. Most companies in detail the provisions of the Employee Handbook, but ask for the can their unused vacation pay only a few dollars extra you earn can be paid just now.

You may not severance pay or vacation, and especially not if you do not ask. Remember, this is a very difficult situation to your boss is, so he or she may be willing to you more than planned. You never know if you try, at worst they can do is say no. If time passes, you will not have another opportunity to ask these questions again. Knowing ahead of time what to ask, you can trust to talk about themselves in this difficult time. Good luck!