High-Impact Money Moves for the Recently Unemployed

How to get your finances in order after losing your job.

(Image courtesy of The Muse.)

How did it happen?

How were you told you were losing your job?

• Was there an unscheduled meeting with your boss?
• Maybe it was a drive-by one-on-one with a “Sorry to do this,” platitude.
• Or it could have been an all-hands meeting to tell people en masse.

What happened afterwards?

If you’re anything like me, you vacillated among anger, despair, and shame.

• Anger that the company you worked so hard for is so callously cutting your livelihood out from under you. It’s getting your heart cut out with a spoon.
• Despair that you are now one of millions that have lost their jobs, with everyone scrambling to find another one, and companies have suspended hiring indefinitely.
• Shame that you have to tell your family that their lives are going to be uprooted and any expectations for the immediate future are now put on indefinite hold.

Maybe you’ve been through a couple of recessions already and are well aware of the trauma that is coming down the pike when your job hunt hits a dead end, unemployment income stops, and your…