5 Painful But Important Things to Do When You Lose Your Job

3. Get Your Finances in Check and Create a Budget

Talking money is awkward, but knowledge is power. Figure out exactly what you’ve got to work with so you’re not accumulating debt at a time when you can least afford it.

The difference between the paycheck you lost and what you receive from severance or unemployment will determine if you need to make some adjustments to your spending—and just how sizable those should be. And this budget worksheet can help you get organized.

When I was forced to stop and really look at my finances, I realized I had to make some changes. I started with a bunch of small cuts: dinners in, books borrowed from the library, yoga at home instead of at a nearby studio. Doing this not only made me feel like I was preventing a bad situation from getting worse, it also motivated me to find a new job—fast

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Aanu Damilare (Mercien) is a Web Developer with keen interest in blogging. Mail me at editor@withinnigeria.com. See full profile on Within Nigeria's TEAM PAGE
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