A FINANCIAL SNAPSHOT
Put together a clear picture of where you stand financially. (If you haven’t done so already). Getting let go or simply being out of work – there’s a lot to think about.
Are you on your own or do you have a family or children you are supporting in some way? Are you helping/assisting a parent, financially or otherwise?
MAKE A BUDGET:
Total up your monthly bills.
What would you need or want to earn weekly / monthly to cover these expenses and have some extra cash?
WHAT’S COMING IN FROM VARIOUS SOURCES?
Severance package
Savings
Social Security (if at that age)
Any side gigs or second jobs?
Additional household income from a spouse/partner?
THIS IS A GOOD EXERCISE BECAUSE IT’S SO IMPORTANT THAT WE KNOW EXACTLY WHERE WE ARE AND WHAT WE WILL BE CONFRONTED WITHIN THE MONTHS AHEAD.
It also might help you determine what direction to go in.