As preppers we are constantly planning to battle the zombie apocalypse and any other type of SHTF moment. Yet there is nothing that can truly prepare you for the day when you are called into the boss’s office and you are unceremoniously fired or laid-off. Losing your job is a painful thing and it can lead to depression, anxiety, and even suicidal thoughts. So while the topic today might be a bit different than what we are used to seeing and working through on the site, the truth is that prepping might just help you in a moment like this.
The first thing to keep in mind about a job loss is that you are not alone. In the current economy there are almost 100 million people not working. The labor rate is at the lowest it has been in over 50 years. And while it certainly is not comforting to know that you lost your job it might help to know you are not alone. There are several steps that you need to make along the way but the first thing you need to do is be willing to diligently look over the paperwork your boss has given you. There is a good chance that the company is going to try and stiff you on things like your pension fund or other retirement accounts. Do not sign anything until you have had time to read over it and maybe even allow a lawyer to examine it as well.
Once you are prepared to depart the business you need to be willing to sign up for unemployment. This does not make you a beggar and it certainly does not make you a ward of the state. Unemployment is something that many people have paid into for many years. It is a safety net that is intended to be there to help you through the hard times. You need to understand however that unemployment takes as much as 4-8 weeks to be processed so you need to get the ball rolling fairly soon after your termination.
As for the rest of your affairs you need to get them in order. The first thing you need to do on the home front is breathe deeply and examine your budget. There is a real chance that you are spending money you do not have to spend. Take the time to re-examine your spending and make the needed cuts before you start to get into financial trouble. If you wait until you are in trouble, it will be too late. Examine your cash flow as well as what you have going out. Make the needed decisions and you are gong to start the ball moving in a positive direction.
The second thing you need to do is start to look for another job. It might sound odd but sometimes the best thing to do is to get right back up on the horse and start over. It might be hard to find a job but the surest way to not find one is to not look. Do not be too proud. Do not consider a job to be beneath you. In a situation like this you need the income and you need to be willing to work where you can.
You should also weigh your options. Sometimes a job loss is a blessing in disguise. Many people have found their calling during this time and you might be the next one. Maybe you have a business idea or maybe you have an entrepreneurial spirit. Take the time to examine these aspects before making any rash decisions. Ultimately you are the one that has to live with the choices you make so make an educated decision.
Finally, you need to start looking at ways you can bring in more money. There is a chance that you could be unemployed for a while. Start looking at items you might not need. You might be able to sell certain things to raise the funds you need to pay your bills or put food on the table.
If you’ve lost your job recently, we’d love to hear your story. What is your family doing to make it through this hard time? How are you staying afloat?