Losing one’s source of main income can be devastating, whether it catches you by surprise or not. The current economic conditions have not been very favorable to many businesses. That, and the ever-changing dynamics in businesses, like tech advancements.
If I have learned anything from my experience, it is always to have a backup plan. Especially when it comes to my finances. There are steps that you can take to prepare yourself financially for a potential job loss, even when you don’t expect it.
But when it unexpectedly knocks on your door, it can cause a panic-induced attack. What would you do then? There are also some steps you can take to manage your finances as you get back to job hunting.
In this episode, I talk about why it’s important to create a new budget or revise the one you currently have, budgeting tips you can use during this period, and strategies you can start using to prepare yourself financially for a job loss event.
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