Coming Soon
Subscription Marketplace - Buy and sell subscription products and services
976 views
in Articles by

writing-828911__340.jpg

Are rumors circulating throughout your workplace that there may be downsizing, a lay-off or merger?  Are you scared and don’t know what to do? These 5 tips can help you feel more in control of your financial situation:

1. Take a long, hard look at your monthly bills.  Are in up to your neck in debt? Now is the time to tighten your belt and try to get a handle on the interest rates you are currently paying.  Can you pay down some of your debt right away? Transfer to another, lower rate credit card? Should you refinance your mortgage or home equity loan?  Now would be the time to take care of this, not after you’ve received your pink slip.

2. What can you trim in your monthly budget? Stop buying those lattes every morning and save about $80 in one month.  Rent a DVD instead of going to the movies.  You are the only one who can decide what you can and cannot live without, but these are two good examples of the latter. Cut back on your dining out and you’ll see more green in your wallet right now, when you need it the most.

3. Be more aware as you pull out your wallet for every day expenses and decide if you really need to buy that item.  Now is not the time for a shopping spree to cheer you up. Instead, make an effort to be more aware of where your money goes every day, every week.
  
4. With gas prices sky-rocketing, should you consider buying a hybrid car, or at least one that gets better mileage? Do it now, while you’re still employed.  See if the dealership offers any customer incentives such as a rebate or lowered interest rate on the loan.

5. Do you know what benefits at work you are entitled to?  Take the time now to ask the Human Resources department what benefits you’re currently enrolled in.  If you have health insurance, be sure to get any physicals or medical tests now to make use of this benefit.  Take advantage of any dental or vision coverage you may have- get those eyeglasses or contact lenses updated now or schedule a visit for a check-up at the dentist. Those co-pays are a whole lot cheaper than paying full-price later.

Being aware of the situation, planning and taking action makes you feel more in control of your life.  Sure, you can’t do anything about being laid-off and in most cases, (unless you committed gross misconduct on the job) it’s not your fault. It’s a management decision that will probably wind up changing your life for the better.  See this as a new opportunity, not as a loss, and your positive attitude will help you find a new job soon.  Good luck!

Please log in or register to reply to this topic.

Related topics

0 replies 969 views
0 replies 1,246 views
posted in Articles by Tomatoad
0 replies 942 views
posted in Articles by PlushSeal
0 replies 1,019 views
posted in Articles by Titank
0 replies 977 views
0 replies 860 views
posted in Articles by Monkeyno
0 replies 1,028 views
posted in Articles by Oystrich
0 replies 1,706 views
0 replies 836 views
0 replies 2,045 views
posted in Articles by Octopuppy
0 replies 1,032 views
posted in Articles by HistoryYak
0 replies 793 views
posted in Articles by Dragonig
0 replies 1,066 views
posted in Articles by Madept
0 replies 920 views
posted in Articles by AmazingKitty
0 replies 967 views
posted in Articles by Explorer
0 replies 742 views
posted in Articles by Conjursa
0 replies 906 views
posted by Herogue
0 replies 1,827 views
posted in Articles by Dingopher
0 replies 962 views
0 replies 873 views
posted in Articles by OpinionOwl
0 replies 945 views
posted in Articles by HistoryGuy
0 replies 643 views
posted in Articles by HarmlessRose
0 replies 656 views
posted in Articles by Richard S.
0 replies 934 views
posted in Articles by Oystrich
0 replies 669 views
posted by LoyalChief
0 replies 1,459 views
0 replies 764 views
posted by LoyalChief
0 replies 647 views
posted in Articles by List
0 replies 673 views
posted in Articles by HarmlessRose
0 replies 952 views
posted by BumblingBee

55,458 topics

0 replies

0 comments

2,554,288 users

Connect with us:
...