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Showing posts from November, 2015

How to cope with sudden redundancy

Losing your job without any notice can be one of the most stressful things you will ever experience in your working life. The thought of waking up in the morning without a job, without any money coming in at the end of the month and without anything to do can fill people with horror and cause serious damage to anyone's mental health. So what are the best ways of coping with the unexpected? 1)      Check your finances This may seem like common sense but so many people just panic without actually looking to see how much money they have in the bank, how much they are owed (there are various statutory obligations on the government to support you if you suddenly lose your job and have wages owing) and any likely future expenditure in the next couple of months. Work out how much you are going to need to spend to survive over a period of say three months, and calculate whether you have the money in the bank to cover these overheads. Look at any money you plan to spend in t