1. Avoid burning bridges
It can be really tempting to say what’s on your mind to your boss when you hear the awful news. But will that really help you in the long-run? The answer to that is no.
Whatever you do, you shouldn’t take it personally. It will most likely be out of your direct supervisor’s control, so insulting them won’t do anybody any good. Your manager might not have even want to let you go, so you could still get a great reference out of it. If you burn your bridges, you are far less likely to get a strong personal reference.
2. Be grateful for what you have
After the news, you may feel like you want the ground to swallow you up. But you shouldn’t, you haven’t lost ‘everything’. Times like these often help you think of what you do have – monetarily and otherwise.
All is not lost. You may have some savings to fall back on, family to help you out or credit cards that can help you survive from month-to-month until you find another job.
Remember that your family and friends are by your side no matter what.
3. Don’t access your retirement funds
What ever position you are in, try to avoid from dipping into your retirement fund. Even though taking out a few thousand might not seem a lot, the long term implications makes it not worth it at all. One of the main things is that the money you take out will be heavily taxed, and you will also be losing potential dividends later on.
4. Stay strong, avoid temptations
In full-time employment you will most likely have grown accustomed to a certain type of lifestyle. But now you’re on a budget, you will have to cut back on some of the things you most enjoy. You will need to be conscious of every pound you spend. You won’t be able to eat out as much, and instead of buying well-known brands you may have to stick to store brands. Just remember these cut-backs are only until you find another job – they aren’t permanent.
5. Explore other opportunities
It might not feel like it now, but losing your job may be the best thing that has ever happened to you. You may have been thinking about leaving for a while, but you were content where you were at. Perhaps it’s time to explore new career opportunities. Take the time out to really find out what you want. Don’t just accept the first job offer to get the money coming in – ask yourself if it’s what you really want. The main aim is to find enjoyable and gainful employment.