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!