Tuesday, February 3, 2009

How to Prepare for Job Loss

When it comes to job loss, my approach is to expect the best but plan for the worst.

What would you do if you and/or your spouse lost your job?

I think it is especially important for my family to consider this question because my husband and I work for the same company. I work part-time, and he works full-time.

We work for a small division of a large international corporation and I don't expect that our company would go out of business. However, if our division starts laying off workers I suppose it is twice as likely to impact our family!

I certainly expect the best, both present and future. We have worked for a great company for about 10 years and are both very happy with our work environment, pay scales, and work/life balance. We also have some really good friends here and our company definitely has a family feel to it.

That said, we need to be smart and prepare for the worst.

In this series, I'll explore a plan for coping if one or both income earners lose a job. I'll also cover things that anyone can do proactively right now to prepare, without waiting for job loss to hit.

Complete Series: Preparing for Job Loss
1. Intro
2. Losing Secondary Income
3. Losing Primary Income
4. Losing all Income
5. Be Proactive
6. Resources

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