New Directions Surviving a Layoff or Job Change

Where Are You Now?• What happened?

• How are the finances?

• What resources are available?

• Who must be contacted?

Where Are You Going?

• Prepare for the future

• Budgeting, saving, spending

• Stay Positive

• Request a financial counseling session

Review Your Finances

• Income

• Expenses

• Debt

• Benefits

List Sources of Income

• Unemployment• Savings• Severance• Temporary jobs• Spouse• Raising cash• Family members• Other

Review Expenses

• List in detail

• Determine needs vs. wants

• Prioritize

• Reduce daily expenses

Evaluate Debt• Contact Creditors

• Ask for reduced payments

• Use credit sparingly

• Update your credit record

Don’t Forget the Benefits• Health Insurance

• Severance Pay

• Pension or Stock Options

• Occupational Coaching

You’ve Reached Your Destination!

• Congratulations

• Repeat the Process

– Regroup and reevaluate

– Review your finances

– Plan for the future

New Directions -Surviving a Layoff or Job

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