Did you recently lose your job and you’re wondering what to do? Read this post for lots of practical ideas and encouragement on the next steps to take!
Psst! Be sure to check out these Income-Earning Ideas and these Easy Ways to Save & Make Money at Home!
In the midst of the COVID-19 pandemic, a lot of people are losing their jobs.
And while I recognize everybody’s experience is different, I wanted to offer some practical ideas and encouragement for anyone facing unemployment — whether it’s you or a spouse.
What To Do When You Lose Your Job
1. Try not to freak out.
Freaking out doesn’t fix anything, and it doesn’t do anything productive. Worrying and stressing won’t help.
I know it’s easier said than done, but it definitely helps to try not to freak out and instead focus on the next right step!
2. Trim everything possible from your budget.
What can you eliminate? What can you do without? Is there anything you can cut, reduce, or put off?
How can you try to live more frugally?
Stretch your budget as far as you possibly can.
3. Sell everything you can sell.
Usually after you lose your job, it’s hard to find another job right away — especially right now in this economy.
While you’re in the interim period of trying to figure out what the next step is, selling items can definitely help add money to your budget.
Look around your house and see if there’s anything you can trade or sell to give yourself a little bit more wiggle room in your budget. Every little bit helps!
4. Use what you have.
Look around and see what you already have that you can use.
Maybe this is a great time to challenge yourself to eat from the pantry and freezer. See how long you can go using what you have and not going to the store.
If you feel like you need to buy something new, look around and see if there’s a way to make do with what you already have.
This is a great time to research free and frugal ideas for having fun when you’re in a tight place financially.
5. Pray.
If you’re a Christian, this is your time to call out to God and remind yourself of God’s faithfulness.
We’ve gone through really lean times in the past, and it really helped to remind ourselves of the truth that He will provide!
6. Focus on your blessings.
It’s so much easier to focus on what you don’t have than what you do have.
Focus on the good — there is always something to be grateful for!
If you have a roof over your head, warmth at night, running water, and can read & write…you already have so much to be thankful for that a lot of the world doesn’t have!
7. Think outside the box.
If you can’t get another job right away, this is your opportunity to get really creative and put on your thinking cap!
Come up with some creative ways to make extra money. Ask people around you for their input on ideas. Maybe they’ll even have a connection for a job opportunity!
Think about odd jobs you can do, skills you have, and services you can provide.
When my husband lost his job, I started this blog in a place of desperation to try to make money. And we learned so much from that time that has helped us get where we are today.
Sometimes the hardest times will teach you the most and eventually lead you to a great place you never thought you’d be!
Do you have any other ideas on what to do when you lose your job? Please let us know in the comments!
You didn’t mention unemployment. File for unemployment! Most states have relaxed the guidelines ,(contract and gig workers may be eligible) and there is currently an extra $600 a week.
I agree. Your employer (and possibly you) have been paying into the program for just such a rainy day.
Thanks so much for sharing that suggestion!
Another tip is to call your mortgage company and request a forbearance. Most are offering 3+ months with no payments to help get by for awhile.
Thank you for sharing that tip!
We are in this boat. Thankfully, we have prepared, but it is still tough to cut back on necessary expenses. We have two teen boys that literally eat every minute of the day. Cutting back on grocery expenses is the hardest, but I like this challenge! It’s been fun to see how little I can spend each week. It’s all about attitude!
One thing we did was cut our internet bill in half just by switching it from my name to my husbands. It was a simple call and we saved $50 a month for the next year!
Great idea for the internet!
I had to laugh at your comment that your boys eat every minute of the day. I was picturing them doing just that — and eating while sleeping, etc. 🙂 Pretty sure they probably don’t actually eat every minute of the day, but it probably feels like that! 🙂 And yes, it truly is all about the attitude!
What a great tip on on the internet!
Not sure where you live, but is there an Aldi? Such a budget booster, to shop there, especially with a family. I had three boys and used to buy 14 boxes of cereal everyo other week!
I love the 14 boxes of cereal thing — because my 3 oldest can totally go through that many in two weeks! 🙂 They LOVE cereal!!