job loss http://www.wisebread.com/taxonomy/term/10423/all en-US 11 Secrets You Need to Tell Your Financial Adviser http://www.wisebread.com/11-secrets-you-need-to-tell-your-financial-adviser <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/11-secrets-you-need-to-tell-your-financial-adviser" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-165869622.jpg" alt="Couple sharing secrets they need to tell their financial adviser" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>So you've made an appointment to sit down with a financial adviser and formulate a plan for your future. Are you prepared to talk about your full money situation? In order to truly help you, your financial adviser needs to look at the big picture. That means there can be no major money secrets.</p> <p>Financial advisers will often begin each session by asking a lot of questions that may seem personal. But they'd be negligent if they didn't. In fact, it's their fiduciary duty to learn as much about you as they can in order to advise you properly.</p> <p>Here's a list of secrets you'll need to share with your financial planner if you want the best advice.</p> <h2>1. All of your debt</h2> <p>When you're being crushed under a mountain of debt, you may not want to talk about it. But a financial adviser is perhaps the best person to discuss it with. Your adviser can't craft a sound financial plan for you if they're unaware that a good chunk of your income is going to pay off debt. If you let them know about your full debt situation, however, they may be able to assist you in climbing out of the hole and onto the path toward financial freedom.</p> <h2>2. Any job loss</h2> <p>It's not always easy to admit you are out of work. But a financial adviser can't help you properly if you don't provide a full picture of your income situation. If you're out of work now, let your adviser know. If you were out of work for a long stretch in the past, let them know that as well. Financial advisers can also help you navigate what to do when your income has been cut, as well as advise you on what to do with old 401(k) accounts and pension money. (See also: <a href="http://www.wisebread.com/if-youre-lucky-enough-to-receive-a-pension-here-are-6-things-you-need-to-do?ref=seealso" target="_blank">If You're Lucky Enough to Receive a Pension, Here Are 6 Things You Need to Do</a>)</p> <h2>3. Family members you support</h2> <p>Do you pay child support? Do you regularly send money to your brother up in Buffalo? Do you have an elderly parent living with you? Your financial adviser will want to know about any money you spend to support other people, even if it's only occasionally or informally. These are expenses that have an impact on your overall financial picture, and are not the kinds of costs that you can easily eliminate.</p> <h2>4. Sizable gifts</h2> <p>You're fortunate enough to be given $25,000 from your generous Uncle Steve, but you feel like it's really not something you want people to know about. After all, who might come knocking on your door now that you have this extra cash on hand? That's understandable, but it's important to tell your financial adviser, because they can offer advice on what to do with the new funds. An unexpected influx of cash, even if it's just a one-time gift, can have a ripple effect on your overall saving strategy.</p> <h2>5. Tax troubles</h2> <p>Have you been diligent about paying your taxes? If not, this is something you'll want to tell your adviser. This goes for late taxes, tax liens on properties, and past audits. The longer you wait to take care of tax problems, the more you may end up paying in penalties and fees. Your financial adviser can help you clean up your tax issues, and will be in a better position to help you plan your future.</p> <h2>6. The status of your marriage</h2> <p>If you're meeting with an adviser, it helps to let them know if you're about to get married, or if your marriage is about to end. Marriage and divorce have all kinds of financial implications on everything from income to taxes to planning for retirement.</p> <h2>7. Your vices</h2> <p>Gambling. Alcoholism. A shopping addiction. We all have our bad habits, but it's important to be aware of those vices that impact your finances. Are you at risk of incurring debt due to a major gambling binge? Is alcohol preventing you from landing steady work? Your financial adviser can't accurately assess your finances if they don't know the situation.</p> <p>According to Doug Amis, a CFP with Cardinal Retirement Planning in Cary, NC, even casual marijuana use is something clients should disclose to planners, because many life insurance companies still test for it.</p> <h2>8. Anything that your kids need to know</h2> <p>Hans Scheil, CEO and owner of Cardinal Retirement Planning, says that his most challenging clients are those who have kept important information from family members. This secrecy can create difficulty in later years, when facing important estate decisions.</p> <p>&quot;What happens with people now is that they develop dementia, or some sort of chronic illness, and they end up needing care,&quot; Scheil said. &quot;This is when all of the family scandals come out.&quot;</p> <p>Scheil says it's important to anticipate what your children and grandchildren may need to know about your estate to avoid strife down the road.</p> <h2>9. Charitable giving</h2> <p>It may seem odd to think of this as something you'd hide, but financial advisers say they've met with clients who have quietly been giving to a cause that their spouse or other loved ones might not agree with. Your donations to charity may not seem like anyone's business, but they can impact your overall savings if you give a substantial amount. A financial adviser can also walk you through getting tax deductions for your charitable donations.</p> <h2>10. Your own lack of financial knowledge</h2> <p>Are you the type who doesn't know an IRA from an IPA? Are you mystified by mutual funds and baffled by bonds? It's OK, your financial adviser is not there to judge you and will likely be more annoyed by any attempt to bluff your way through a meeting. Financial advisers can help you understand the ins and outs of investing and estate planning, so it's useless to pretend to know more than you do.</p> <h2>11. All of your side hustles</h2> <p>When your financial adviser asks you about your income, they want to hear about everything. Not just your day job, but your side work giving piano lessons, your freelance writing, your pottery sales, and even your gambling winnings. You may be hiding this income because you don't want to pay taxes. But your adviser needs to know about this extra income, or else any financial plan they create will be flawed. Moreover, your financial adviser can often give you advice on how to turn a quiet side hustle into a legitimate, profitable business.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/11-secrets-you-need-to-tell-your-financial-adviser">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-manage-your-money-during-a-spousal-separation">How to Manage Your Money During a Spousal Separation</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/could-a-divorce-improve-your-finances">Could a Divorce Improve Your Finances?</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-money-conversations-every-couple-should-have">5 Money Conversations Every Couple Should Have</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-every-woman-can-take-control-of-her-finances">How Every Woman Can Take Control of Her Finances</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/does-divorce-affect-your-student-loans">Does Divorce Affect Your Student Loans?</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance debt divorce financial advisers financial planning gambling honesty job loss marriage Secrets taxes Tue, 28 Mar 2017 10:01:05 +0000 Tim Lemke 1915280 at http://www.wisebread.com 5 Ways to Handle a Forced Early Retirement http://www.wisebread.com/5-ways-to-handle-a-forced-early-retirement <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-ways-to-handle-a-forced-early-retirement" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/woman_taking_notes_73540307.jpg" alt="Woman finding ways to handle early retirement" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>You had a plan: You would work until 67, contributing the maximum amount of each paycheck into your company's 401K plan. You would then <a href="http://www.wisebread.com/how-to-plan-for-retirement-when-you-re-ready-to-retire">enjoy a retirement</a> of traveling the world and spending time with your grandchildren.</p> <p>But then your company changed your plans. They let you go you at age 55 or 60. Finding a new job at this age isn't easy. According to an AARP study released in 2015, 45% of job hunters aged 55 or older were members of the long-term unemployed, those who were out of work for 27 weeks or longer. And when these older job seekers did find new jobs, they tended to earn less money. The same AARP survey found that almost 48% of people 55 or older were earning less on their new jobs than they did at their old ones.</p> <p>Those are intimidating numbers. But they don't mean that a forced early exit from the workforce will dash your retirement dreams. Here are five steps that you can take after you've been laid off or fired to make your earlier-than-planned retirement a successful one.</p> <h2>1. Assess Your Financial Reality</h2> <p>It's easy to panic when you've lost a job. But your financial situation might not be as dire as you think. To find out, it's time to perform a quick financial assessment.</p> <p>First, list your monthly expenses. These might be lower if you are no longer paying a mortgage each month. Then list the income you have coming into your household. Maybe your spouse's income means that you can still save enough money each month for a happy retirement. Maybe you'll need an extra income boost from somewhere to still hit those goals.</p> <p>Depending on how close you are to your official retirement age, you might decide to start receiving your monthly Social Security payments. You'll get less each month if you haven't reached full retirement age, but if you can't hold off on the extra monthly income, receiving your benefits a few years early might be a sound move.</p> <p>If you were laid off or fired, you probably qualify, too, for unemployment insurance. Make sure to take advantage of this. That extra monthly income could help you stay on track for your retirement goals.</p> <h2>2. Get Realistic About Your Retirement Goals</h2> <p>You might have to scale back your retirement goals should you be forced to exit the workplace earlier than planned. Maybe you planned to take a long trip every year. If you're forced out of work five years early, you might have to scale that back to just three big trips spread out over your entire retirement.</p> <p>This doesn't mean that your retirement is ruined. But you might have to refocus. Maybe instead of joining that high-priced country club, you'll be taking your golf clubs to public courses throughout your city.</p> <h2>3. Make Sure You Have a Plan for Insurance</h2> <p>You'll need health insurance even after you lose your job. You might qualify for Medicare or Medicaid, though you might not qualify for these government programs depending on your age and income levels.</p> <p>If you need insurance not offered through the government, you can search for a low-cost plan through the insurance exchange created under the Affordable Care Act.</p> <p>Letting your health insurance lapse can be a costly mistake.</p> <h2>4. Find Part-Time Work to Fill in the Income Gaps</h2> <p>If you need some extra income each month, consider taking a part-time job. This work, even if it doesn't come with the benefits of a traditional full-time job, could provide you with the extra bit of cash that will keep your retirement dreams alive.</p> <p>Depending on your field, you might find a part-time job as a consultant. But even if you can't, you can still find enjoyment, and some extra financial security, by taking on a position in a new field.</p> <h2>5. Meet With a Professional</h2> <p>Retirement planning is complicated when everything goes according to plan. When those plans are suddenly changed? It's even more of a challenge to make sure that you have enough dollars saved for your after-work years.</p> <p>That's why it's important to meet with a financial adviser who can help you determine what financial steps you need to take now. Depending on your income and community, you might even qualify for free financial advice.</p> <p>A financial planner can help you create a new budget and a new financial plan that fits with your new money reality.</p> <p><em>Have you faced early retirement? What steps have you taken?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/dan-rafter">Dan Rafter</a> of <a href="http://www.wisebread.com/5-ways-to-handle-a-forced-early-retirement">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-reasons-people-dont-retire-early-and-how-you-can">4 Reasons People Don&#039;t Retire Early — and How You Can</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-your-taxes-will-change-when-you-retire">Here&#039;s How Your Taxes Will Change When You Retire</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-keys-to-an-early-retirement">4 Keys to an Early Retirement</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-moves-that-guarantee-a-great-retirement">4 Moves That Guarantee a Great Retirement</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-are-people-retiring-in-their-30s">How Are People Retiring in Their 30s?!</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement 401k early retirement extra income forced retirement insurance job loss medicaid medicare part-time jobs unemployed Tue, 07 Jun 2016 09:30:33 +0000 Dan Rafter 1725699 at http://www.wisebread.com 10 Signs Your Company Is Going Under http://www.wisebread.com/10-signs-your-company-is-going-under <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/10-signs-your-company-is-going-under" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000064158607_Large.jpg" alt="her company is going under" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>If you have ever read <a href="http://www.amazon.com/gp/product/0399144463/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=9325&amp;creativeASIN=0399144463&amp;linkCode=as2&amp;tag=wisbre03-20&amp;linkId=BESEB2MCRG366GKZ">Who Moved My Cheese?</a> you'll know that there are warning signs everywhere about an impending job loss. But what about the company itself? Is it safe? Or is it in real trouble? If you're having a few doubts about the future of your company, look out for these 10 red flags. (See also: <a href="http://www.wisebread.com/11-financial-moves-to-make-the-moment-you-get-fired?ref=seealso">11 Financial Moves to Make the Moment You Get Fired</a>)</p> <h2>1. There's a Hiring Freeze</h2> <p>When a company is doing well, it will be actively looking to expand and add talented new people to the roster. When times are tough, the HR department will initiate a hiring freeze. This is never a good sign. It can be done in a few ways. If the company management does things in a transparent way, they'll be up front about it. You'll be told that there is a hiring freeze until things stabilize. </p> <p>However, most of the time, you'll be given no warning. Positions that should have been filled will be left vacant. When an employee quits, one or two other people will take on their responsibilities. Take a look at the current openings at your company &mdash; they should be listed on an intranet, or publicly on job boards. If you don't see any positions out there, or there are positions that have been open for many months, or years, then your company is probably in the midst of a hiring freeze.</p> <h2>2. Closed Door Meetings Are Everywhere</h2> <p>You walk through the halls of the company and office doors are closed, or sometimes slammed in your face. You peek in to see people clearly upset with raised voices, red faces, and there's a lot of shrugging shoulders and hair pulling. Unless your company has a specific reason to keep a lot of secrets &mdash; perhaps there's a top secret new product in development &mdash; then this can only mean one thing: bad news. Management will not want rumors to start running rampant, and will tell the decision makers to keep everything under wraps. Not only that, but when you ask questions about it, you'll get vague replies. These closed door meetings are not only bad for morale, but a sure sign that there are conversations happening about the future of the company.</p> <h2>3. The Good Employees Start Leaving</h2> <p>Good is a relative term, but in your company you will have employees who are known to be excellent at their jobs. They are good for the business, they are passionate and driven, and they are working on the important projects. When these employees start leaving on their own accord, for jobs that may be seen as a lateral move (or even a downward move), you know something is wrong. The rock stars of any company have a good handle on things, and their gut (plus inside information) will tell them to escape while they can. If upper management starts quitting, that's an even bigger sign of trouble ahead.</p> <h2>4. Layoffs and Reorganizations Are Constant</h2> <p>A company doing well does not need to lay people off, or continually restructure. A company performing poorly will look to cut staffing costs, and shuffle the remaining employees around. It's a Hail Mary approach that rarely works. Layoffs may result in some of the better employees being let go due to salary, or internal politics. The increased pressure on the remaining staff to do more work will take its toll. Mistakes will be made. Problems will escalate. Before you know it, six months have passed and the company is in even worse shape. And then there will be more layoffs, and more reorganization. When this loop occurs, the doors will be closing imminently.</p> <h2>5. Playing It Safe Is Encouraged</h2> <p>Taking risks is part of the business &mdash; any business. After all, starting a company is a risk, and risks are often required in order to grow and succeed. When risk-taking is suddenly frowned upon, you know the company is on shaky ground. What was once considered a bold move will be rebranded as dangerous, or problematic. Your company will slide into patterns of doing only what worked in the past, despite market changes and demographics shifting. Instead of making decisions that will elevate the company, management will pull back, and &quot;play it safe.&quot; Expansion disappears. Innovation crumbles. Everything that made your company a success will be relegated to the back benches, with &quot;tried and tested&quot; solutions taking the lead. When playing it safe is the mantra, it's a big sign of weakness.</p> <h2>6. Everyone Is Unhappy</h2> <p>The conversation in the kitchen is all about how much the culture sucks. At lunch, employees everywhere are complaining about the state of the company, and the future it probably doesn't have. Smiles are in short supply. Everyone is stressed out. The entire staff is walking around with the weight of the world on their shoulders. This is not the kind of culture you'd see at Pixar or Google. Energetic, enthusiastic employees are the sign of a thriving company; the opposite is true of companies that are on the ropes. When everyone is down, the company is going in that very same direction&hellip; and quickly.</p> <h2>7. There's No Money to Do Anything</h2> <p>Cash flow is extremely important to any company. It's the lifeblood of the business, and without it, it's hard to pay salaries, order products, and advertise. In the past, getting the money you needed to get the job done was no problem. Now, it's a struggle. Your requisition for new supplies is denied. Pay raises are eliminated. People are asked to take salary cuts, or even worse, work for free &mdash; furloughs are very real, and very scary. Bills are not being paid. Vendors call you angry about not receiving money they are owed. These are all classic signs of serious money troubles. They are usually followed by closing the doors, for good.</p> <h2>8. The Company Stock Is in Free Fall</h2> <p>If your company is on the stock market, you can track the share price. Every stock has its ups and downs, but if the only way is down, your company has issues. Now, this may be because of a recent press release, or a piece of news that directly impacts your industry. However, if your company is in good shape, it should be a small fluctuation. When the stock starts tanking, and continues on that downward trajectory, things are bad. What's even worse is when major shareholders, including management, start selling off a majority of their shares. If they want out, the end is near. Get out now while you can, and don't let what happened to <a href="https://en.wikipedia.org/wiki/Enron#Post-bankruptcy">Enron</a> employees happen to you.</p> <h2>9. Benefits and Freebies Dry Up</h2> <p>Your company was once great at giving employees the benefits they deserved. Not just health care and vacation, but things like free sodas and snacks, parking reimbursements, college tuition, and matching 401K. When times are tough, the perks disappear. If you now have to pay for a lot of the things you used to get for free, your company is in financial trouble. What's worse is that these perks, or lack of them, impact employee morale. Being asked to do more for less is never going to result in a great workforce, which then results in poor performance.</p> <h2>10. You're Not Busy</h2> <p>Your days used to fly by. You were frantic at times, but always had a lot on your plate. Now, you find yourself staring out of the window, or sending emails to people asking for something to do. When it's just you, it could be a clear sign that your position is about to be eliminated. But when there are many people in the company twiddling their thumbs, things are looking bleak. No business can afford to pay a staff to do nothing. If you're not busy for a long period of time, it's time to move on.</p> <p><em>What are some other signs that a company is in trouble? Share with us in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/10-signs-your-company-is-going-under">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-words-to-never-use-in-a-job-interview">10 Words to Never Use in a Job Interview</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-ace-your-next-coffee-interview">How to Ace Your Next Coffee Interview</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-that-job-you-hate-keeps-you-poor">6 Ways That Job You Hate Keeps You Poor</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-the-job-without-saying-a-word">How to Get the Job Without Saying a Word</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/9-dream-jobs-youre-never-too-old-to-pursue">9 Dream Jobs You&#039;re Never Too Old to Pursue</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building Job Hunting company employee morale employee turnover going out of business job loss job search job stress laid off lay offs Fri, 29 Apr 2016 09:30:30 +0000 Paul Michael 1699776 at http://www.wisebread.com 11 Financial Moves to Make the Moment You Get Fired http://www.wisebread.com/11-financial-moves-to-make-the-moment-you-get-fired <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/11-financial-moves-to-make-the-moment-you-get-fired" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock_000077659843_Large.jpg" alt="she needs to make these money moves after getting fired" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Just about everyone goes through a job loss at some point in their lives. Hopefully, any job loss you endure will only result in a short time out of work, and minimal financial hardship. But even if you expect your time between jobs to be short, there are a number of things you should do right away to ensure you can make it through a stretch of time with no income.</p> <p>As someone who endured two layoffs in the past, I can tell you that these steps will help keep you afloat until you <a href="http://www.wisebread.com/10-money-moves-to-make-after-a-promotion">land a new position</a>.</p> <h2>1. Determine if You Are Eligible for Severance and Vacation Pay</h2> <p>If you've been let go from a job, employers will often provide severance pay based on the length of time you worked there. You may also be paid for any unused vacation time. The company should explain your eligibility for these funds upon your termination, but if not, make a point to check with the human resources department. In some cases, you may have to engage an attorney to fight for what you believe you are owed.</p> <p>Companies generally aren't required to offer severance at all, but there are instances when you may feel you are due money for uncompensated overtime or other reasons. Just keep in mind that benefits may vary depending on if you were fired for cause or laid off through no fault of your own.</p> <h2>2. Assess Your Emergency Fund</h2> <p>Now is the time when your savings will come in handy. If you've followed the advice of many personal finance experts, you have at least three months of expenses available in liquid savings. But now is the time to assess precisely how much you have and what your expenses actually are. With proper savings and cuts to your spending, you should hopefully be able to pay your bills until you get back to work.</p> <h2>3. Reduce Unnecessary Expenses</h2> <p>You may <em>think</em> you're living frugally, but now is the time to really strip life down to the bare essentials. Your expenses should really come down to your rent or mortgage, utilities, and a modest food budget. (Keep the Internet and cell phone services, as you may need them for your job search.) But that cable TV subscription? Kill it. Gym membership? Suspend it. Avoid going out to eat, or shopping at high-end grocers. And turn down the thermostat a couple of degrees. Every penny you save now is money that will help get you through to the next job.</p> <h2>4. Assess Your Health Insurance Situation</h2> <p>If you received health insurance through your employer, your benefits may no longer be accessible to you. It's likely that you are eligible for COBRA benefits, which provide discounted coverage between when your benefits run out and when new benefits kick in. After a job loss, you usually have 60 days to apply for COBRA benefits, and they last between 18 and 36 months, depending on your situation. At this time, it's also worth exploring insurance options available under the Affordable Care Act at HealthCare.gov.</p> <h2>5. Apply for Unemployment Benefits (But Don't Necessarily Claim Them Right Away)</h2> <p>If you've lost your job, there's a good chance you'll be eligible for compensation from unemployment insurance. In most states, unemployed people are entitled to up to 26 weeks of benefits that are a portion of their previous salary. Note that earnings from part-time or freelance work can be deducted from unemployment benefits. You don't necessarily have to claim unemployment benefits right away if you still have some money coming in, but it's still important to research options and get your name into the system immediately after a job loss.</p> <h2>6. Accept Outplacement Service if It Is Offered</h2> <p>You may feel like you can do a job search by yourself, but if your former employer is connecting you with assistance for free, take it. Outplacement professionals can help you update your resumé, assess your skills to see what jobs might be right for you, and even help you with interviews and salary negotiations.</p> <h2>7. Update Your Resumé and LinkedIn Profile</h2> <p>Hopefully, these are things you've kept more or less up-to-date anyway, but if you haven't looked at them in a while, give them some attention now. You don't have to necessarily reveal that you are between jobs, but it's important to have up-to-date information on your skills and accomplishments. Be sure to make several resumés based on the different types of jobs you may be pursuing. (See also: <a href="http://www.wisebread.com/30-minutes-to-a-linkedin-profile-that-gets-you-hired?ref=seealso">30 Minutes to a LinkedIn Profile That Gets You Hired</a>)</p> <h2>8. Collect All Your Retirement Account Information</h2> <p>If you've lost your job, you're no longer going to be able to contribute to your company's 401K, or other similar retirement plan. You don't necessarily have to do anything with the account right away, but eventually, you may want to roll your old 401K into another 401K or IRA.</p> <p>In the immediate term, make sure you save the login and password information to the account, as well as any relevant paperwork. It will also be important to check your account balance to see how much of your matched contributions were &quot;vested.&quot; If you leave a company after a short amount of time, it's possible that the company can reclaim some matching contributions.</p> <h2>9. Adjust Your Auto Insurance Premium</h2> <p>What you pay for auto insurance is often partially based on how much you drive. If you are no longer commuting to work, you may be able to reduce your premium slightly by arguing that you're driving less. Your rate is especially likely to go down if you're no longer driving and parking in a dense, urban area.</p> <h2>10. Take a Breather</h2> <p>It's okay to take some time off before doing any hardcore thinking about your next career move. While you don't waste a lot of time in getting back to work, it's important to make decisions with a clear head. Do you want to remain in the same field? Do you want to start your own business? Do you even need to go back to work full-time? There is a lot to think about, so take some time. This is as much a financial move as one for your mental health, because the last thing you want to do is rush into a job that you're not suited for and find yourself back in the unemployment line again.</p> <h2>11. Reallocate Some Investments for Income</h2> <p>If you have some investments in a non-retirement account, it's worth examining whether you can adjust them to produce some income. It's not necessarily a good idea to immediately sell a large quantity of stocks or mutual funds, especially if they are for long-term savings. You certainly don't want to do anything rash. But perhaps a portion of your portfolio could shift to bonds or dividend stocks that will help bring you some extra cash.</p> <p><em>What other money moves should you make after getting fired? Share with us in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/11-financial-moves-to-make-the-moment-you-get-fired">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-first-5-things-you-must-do-after-getting-laid-off">The First 5 Things You Must Do After Getting Laid Off</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/whats-an-employee-to-do-part-1">What&#039;s an employee to do? Part 1</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-signs-youre-working-for-an-impossible-boss">7 Signs You&#039;re Working for an Impossible Boss</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-write-a-resume-12-steps-to-your-next-job">How To Write A Resume: 12 Steps To Your Next Job</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-difficult-jobs-that-are-worth-the-effort">10 Difficult Jobs That Are Worth the Effort</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income Budgeting employment fired getting fired job loss jobs layoffs money moves resume unemployment Tue, 08 Mar 2016 10:00:05 +0000 Tim Lemke 1667924 at http://www.wisebread.com How to Go From Two Incomes to One http://www.wisebread.com/how-to-go-from-two-incomes-to-one <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/how-to-go-from-two-incomes-to-one" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/couple_using_tablets_000081377523.jpg" alt="Couple learning how to go from two incomes to one" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Are you planning on taking some time off from work to raise a family &mdash; or has your spouse recently lost their job? Living on one income can be challenging, but it doesn't have to spell financial disaster. Consider the following ways to reduce the stress of a household income transition.</p> <h2>1. Plan a Trial Run</h2> <p>If possible, try giving a one-income lifestyle a trial run for at least a couple of months before making any sudden changes to your household. Act like the second income doesn't exist. This will help you determine if a one-income lifestyle is attainable, prepare you for any challenges ahead, and help you build up your savings in the meantime before transitioning to one income.</p> <h2>2. Make a Budget</h2> <p>If you aren't sure of how much you'll need to meet your monthly expenses on one income, then use a <a href="http://www.parents.com/pregnancy/considering-baby/financing-family/calculator/">stay-at-home calculator</a> for an accurate estimate. Once you understand your monthly needs, work on creating a budget and sticking to it.</p> <p>Your budget should factor for fixed expenses like rent, car payments, utilities, health and life insurance, credit cards and loan payments, cable and cell phone bills, taxes, and necessities like groceries. But you should also account for variable expenses, like eating out and entertainment, subscriptions, and other expenses that you can more easily limit.</p> <p>You may need to get aggressive in cutting some of these expenses, like <a href="http://www.wisebread.com/13-easy-ways-to-save-on-your-gym-membership">canceling your gym membership</a> or <a href="http://www.wisebread.com/10-ways-to-get-great-hair-without-the-salon">visiting the salon less often</a>. And make sure you aren't living beyond your means when it comes to your <a href="http://www.wisebread.com/the-simple-way-to-decide-how-much-rent-you-can-really-afford">rent or mortgage</a> and car payments.</p> <h2>3. Build Up a Savings Cushion</h2> <p>Building a savings cushion becomes doubly important now that your household will be subsisting on a single income. The average family should save a minimum of three to six months' worth of expenses &mdash; and ideally up to a year's worth, if possible. While you're at it, create a contingency plan to help manage any further changes in income, unexpected expenses, or other financial emergencies.</p> <h2>4. Pay Off Debt</h2> <p>One-income households are less able to handle debt, so try to reduce what you owe as much as possible <em>before</em> transitioning to once earnings stream. <a href="http://www.wisebread.com/the-fastest-method-to-eliminate-credit-card-debt">Eliminate credit card debt</a> and pay down as much as possible early on, and by all means, try not to add any further debt to your plate so that you don't increase your monthly expenses.</p> <h2>5. Strive to Save More Every Month</h2> <p>A lower household income means it's even more important to do all you can to save money wherever possible. Some easy tips for cutting monthly expenses include:</p> <ul> <li>Shop sales and <a href="http://www.wisebread.com/the-10-best-couponing-apps">use coupons</a>, whenever and wherever possible.<br /> &nbsp;</li> <li>Limit dining out. When you do dine out, look for deals from sites like Ebates and Restaurant.com, so you can save money at all your favorite restaurants.<br /> &nbsp;</li> <li>Take advantage of free activities with your family. Plan free date nights and family outings together.<br /> &nbsp;</li> <li>Host swaps with your friends and family. You can swap food, clothes, books, or toys. You can clear clutter out of your home and receive items that feel like new from your friends and family.<br /> &nbsp;</li> <li>Take advantage of <a href="http://www.wisebread.com/these-5-apps-will-help-you-finally-organize-your-money">personal finance apps</a> to stay on track and receive alerts when you risk going over budget.</li> </ul> <h2>Living on One Income &mdash; Even When You Don't Need To</h2> <p>The steps outlined above are wonderful for households downsizing their income, but they work just as well in a two-earner household. In fact, living on a single income and saving the other is an excellent way to strengthen your finances quickly. And if you do find yourself needing to live on one income, you'll be better prepared &mdash; financially and psychologically.</p> <p><em>What are your tips for going down to one income? Please share your thoughts in the comments!</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-cannon">Andrea Cannon</a> of <a href="http://www.wisebread.com/how-to-go-from-two-incomes-to-one">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/looking-on-the-bright-side-how-to-find-a-silver-lining-in-the-current-financial-crisis">Looking On The Bright Side: How to Find A Silver Lining In The Current Financial Crisis</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/47-simple-ways-to-waste-money">47 Simple Ways To Waste Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-living-on-one-income-a-status-symbol">Is living on one income a status symbol?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/what-is-keeping-you-from-a-life-of-financial-independence">What is keeping you from a life of financial independence?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/its-never-too-late-to-fix-these-5-money-mistakes-from-your-past">It&#039;s Never Too Late to Fix These 5 Money Mistakes From Your Past</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Lifestyle budgeting household job loss one income stay at home parent Tue, 12 Jan 2016 14:00:02 +0000 Andrea Cannon 1634309 at http://www.wisebread.com Is Your Emergency Fund Costing You Money? http://www.wisebread.com/is-your-emergency-fund-costing-you-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/is-your-emergency-fund-costing-you-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/emergency_fund_000051326450.jpg" alt="Find out if your emergency fund is too big" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>We all know that an emergency fund is an essential tool in personal money management. And even newbies to personal finance can probably tell you how big an <a href="http://www.wisebread.com/is-your-emergency-fund-big-enough-to-keep-you-afloat">emergency fund</a> should be &mdash; large enough to cover about three to six months of expenses.</p> <p>But what if that rule of thumb is incorrect? If you have an emergency fund that is larger than you need, it could be costing you.</p> <p>Here is what you need to know about figuring out the emergency fund sweet spot for your budget, and why it matters so much.</p> <h2>1. What Constitutes an Emergency?</h2> <p>The typical advice for creating an emergency fund assumes that you would need this fund in case of job loss. That's why the recommendation is to have several months of living expenses set aside, and why Suze Orman in particular suggests that you need <a href="http://www.suzeorman.com/resource-center/suze-orman-money-tips-video-collection/what-ifs-of-life/">eight month's expenses</a>, since an average period of unemployment lasts about 32 weeks.</p> <p>But generally, people who access their emergency fund need the money for an unexpected one-time expense, such as a car repair or medical emergency. This is a far cry from the kind of ongoing emergency you would be facing after a job loss &mdash; and you have much more leeway to handle such a gradual emergency creatively.</p> <p>That's why it's a smart strategy to <a href="http://www.wisebread.com/how-one-family-lives-well-and-even-owns-a-home-on-just-11-an-hour">create a Plan B budget</a> that you could institute in case you lose your job. If you know ahead of time what specific budget items could be struck from your monthly expenses, a smaller emergency fund could handle unemployment much longer than the typical advice would have you believe.</p> <p>In addition, having a Plan B budget gives you options when there is a small financial setback &mdash; such has having to take a pay cut, for instance &mdash; without you having to dip into the emergency fund.</p> <p>It's also unlikely that a job loss emergency will mean you are completely without a paycheck for several months. You might be able to find temporary or freelance work or draw some unemployment benefits, while also seriously reducing some of your expenses.</p> <h2>2. Expecting the Unexpected</h2> <p>So you know that you don't need a large emergency fund in case of a job loss. What about those unexpected one-time expenses? It's not possible to know exactly when your refrigerator will give up the ghost, or when you will need expensive dental surgery.</p> <p>Except that it is possible to plan ahead for most unexpected expenses. According to a 2007 survey by the Pew Research Center, 34% of people <a href="http://www.pewsocialtrends.org/files/2010/10/Saving.pdf">experienced unexpected expenses</a> in the previous year. These were the kinds of unexpected costs they faced:</p> <ul> <li>34% had medical expenses,</li> <li>24% had car expenses,</li> <li>20% had home and housing expenses,</li> <li>9% had life event and child expenses, and</li> <li>The remaining expenses were comprised of work, travel and vacation-related, pets, and taxes.</li> </ul> <p>Each of these types of &quot;unpredictable&quot; expenses is actually fairly inevitable. No matter how healthy you are, it's likely that you will need some sort of medical care eventually. If you own a car or a home, you need to maintain it. Though you might not know when to expect a birth, a death, or a wedding, you do know that they will happen.</p> <p>So instead of treating these sorts of situations as emergencies, it makes more sense to create a targeted budget category for any expense that might otherwise take you by surprise. For instance, you might create a car repair budget category into which you put aside $100 per month. Then when you have an &quot;unexpected&quot; repair, you will have money already set aside for that purpose.</p> <h2>3. The Cost of a Big Emergency Fund</h2> <p>Just because it's unlikely that you will need six months' worth of expenses set aside, and your unexpected emergencies can be mitigated with targeted budget categories, what's the harm in keeping a large emergency fund? It can feel good to have the security of a lot of cash on hand.</p> <p>Unfortunately, there is a major cost for that sense of security: inflation.</p> <p>The cost of inflation averages about 3% per year. Even the best high-yield savings accounts currently offer an annual interest rate of 1% or less. That means inflation is eating 2% of your emergency fund with every year that passes &mdash; and inflation, like interest, compounds. For instance, if you have $15,000 in a savings account with a 1% APR and 3% inflation, your money will only be worth $10,133.84 of today's dollars in twenty years. (If you would like to check my math, this is the <a href="http://www.moneychimp.com/articles/econ/inflation_calculator.htm">inflation calculator</a> I used.)</p> <p>If you never experience a job loss and use targeted budgeting categories, it is very possible that you might not need to use your $15,000 savings account at any point during those twenty years. You could have done something much better with that money.</p> <h2>4. Emergency Fund Best Practices</h2> <p>It makes sense to always keep some money in a savings account so you can access the funds quickly, just in case. But above a certain emergency fund ceiling, a smart move is to invest extra cash that would otherwise collect dust in your emergency fund. In particular, parking that money in a low-fee mutual fund can help you grow your money, while still keeping the funds available in the event of that mythical job loss.</p> <p>The question is, where should you place the ceiling for your savings account emergency fund?</p> <p>It all depends on what amount of money on hand helps you sleep at night and how much you otherwise have invested. If you get twitchy without a fat savings account, and you have a good handle on your retirement and other investment accounts, there's nothing wrong with having a large emergency fund.</p> <p>If on the other hand you still haven't set up your 401(k) at work (but are otherwise not in severe financial distress), then it makes more sense to keep your emergency fund ceiling relatively low while you work on building up your investments.</p> <p>It's also important to note that contributions to your emergency fund should be a consistent line item in your monthly budget. Staying in the habit of always putting that money away will help you to replenish the fund after an emergency, and give you another monthly amount of investable money once you reach your emergency fund savings goal.</p> <h2>Too Much of a Good Thing</h2> <p>Saving too much is generally not the biggest problem among American workers. But those who do work to protect themselves financially might be taking their good habits a little too far when it comes to their emergency funds.</p> <p>Maintaining the right size emergency fund may require a little more work on your part &mdash; from figuring out a Plan B budget to anticipating surprise expenses to figuring out how to make your money grow &mdash; but that extra work will more than pay off in your sense of financial security.</p> <p><em>How big is your emergency fund?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/emily-guy-birken">Emily Guy Birken</a> of <a href="http://www.wisebread.com/is-your-emergency-fund-costing-you-money">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/when-to-use-savings-to-pay-off-debt">When to Use Savings to Pay Off Debt</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-ways-life-is-amazing-with-an-emergency-fund">11 Ways Life Is Amazing With an Emergency Fund</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/managing-your-short-term-money">Managing Your Short-Term Money</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-secrets-you-need-to-tell-your-financial-adviser">11 Secrets You Need to Tell Your Financial Adviser</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-places-to-check-out-medical-care-for-the-uninsured">5 Places to Check out Medical Care for the Uninsured</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance emergency fund job loss savings unemployment Fri, 03 Jul 2015 11:00:26 +0000 Emily Guy Birken 1471157 at http://www.wisebread.com 12 Reasons You Deserve to Get Fired http://www.wisebread.com/12-reasons-you-deserve-to-get-fired <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/12-reasons-you-deserve-to-get-fired" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/fired-businesswoman-78749363-small.jpg" alt="fired businesswoman" title="fired businesswoman" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>The recession might be over, but that doesn't mean any of us can afford to be passive about holding onto our jobs. If you think you may soon be having an uncomfortable conversation with HR, it's time to find out why. (See also: <a href="http://www.wisebread.com/job-hunting-tips-for-the-recently-fired-and-some-for-the-rest-of-us-too?ref=seealso">Job Hunting Tips for the Recently Fired</a>)</p> <p>Here are 12 reasons you're getting fired.</p> <h2>1. Social Media SNAFU</h2> <p>Venting about your employer, boss, or co-workers on Twitter, Facebook, or any other social media site can get you fired. Avoid other career-killing <a href="http://www.pcworld.com/article/206359/6_Facebook_Twitter_Mistakes_That_Can_Get_You_Fired.html">social media mistakes</a> and remember &mdash; six degrees of separation is about one and a half degrees online.</p> <h2>2. Refusing to Play the Game</h2> <p>I don't know what the game is where you work, but I know there is one &mdash; and I bet there are a lot of folks playing their hearts out. The game usually involves demonstrating your passion for the work, coming in early and staying late, and working to impress the right people without falling all over yourself. Call me cynical and old-fashioned, but if you haven't learned how to play the game, you haven't really learned how to stay employed.</p> <h2>3. Not Giving Your All</h2> <p>Those cheesy motivational posters are wrong; it's impossible to give 110%. But consistently settling for 70% is a bad strategy if want to duck and weave past a pink slip. Doing a bit more than required, volunteering for a committee or two, and diplomatically making recommendations for process improvements adds value to what you do and can help secure your employment long-term</p> <h2>4. Clicking on Caps Lock</h2> <p>TYPING IN ALL CAPS READS LIKE YOU'RE SHOUTING and shows a fundamental lack of professional etiquette and insight. It may be trivial, but people get fired for trivial things every day. Cut it out.</p> <h2>5. Skipping the Finer Points of Good Etiquette</h2> <p>Good business etiquette is both valuable and rare, especially if your job involves direct work with clients or partners. Not grasping the finer points of <a href="http://www.wisebread.com/reclaiming-etiquette-dining-basics-for-young-professionals">dining</a>, interview, or meeting etiquette can jeopardize business relationships, flag you as inexperienced, and kill a career.</p> <h2>6. Making Yourself Non-Essential</h2> <p>If you're not actively looking for new ways to add value to the company you work for, you may be inadvertently planting the seeds for your own dismissal when there's a hiccup in the market. Besides being first-rate at your job, look for those tasks that no one else wants to do and position yourself as the go-to person for each.</p> <h2>7. Mixing Your Personal and Professional Life</h2> <p>When it comes to job security, it's good policy to save the drama for your mama. Allowing personal issues to consistently affect your work erodes your professional image and can make letting you go as easy as switching off a bad reality show.</p> <h2>8. Getting Embroiled in Office Politics</h2> <p>Some work environments can be as political as a swing state in late October. Diving in headfirst and picking sides gives you a 50% of being right and a 100% chance of showing how easily distracted you are. Learn how to <a href="http://www.popsugar.com/smart-living/Ways-Beat-Office-Politics-1108688">beat office politics</a> and still get ahead.</p> <h2>9. Snoozing or Boozing</h2> <p>No surprises here. Sneaking a nap or a nip at work is usually an epically bad idea. And with office holiday parties coming up, sticking to a moderate personal drink limit will help you avoid those regretful lampshade-on-the-head moments that leave you red-faced Monday morning.</p> <h2>10. Stealing</h2> <p>Hey, Sticky Fingers, it may feel like a fringe benefit, but few companies see it that way. If you're tempted to pocket random goodies from your employer, it may be a sign that you feel stuck or that you're not being fairly compensated. Be proactive about both issues or move on.</p> <h2>11. Sleeping In</h2> <p>Who hasn't woken up feeling like a sack of wet concrete? These are the moments when we suddenly tap deep reserves of creativity to craft the most elaborate excuses for being late or taking a half-day. But as our inner storytellers dream, our careers can get creamed. Wake up, slam a double espresso, and defend your professional turf.</p> <h2>12. Playing Hooky</h2> <p>It might not have been a big deal in sixth grade, but playing hooky in your professional life can have lasting consequences. Don't assume (cough, cough) taking sick days when you're feeling great, ducking out early, or adding 15 minutes to your lunch hour is going unnoticed.</p> <p>If you're guilty of multiple axe-worthy offenses, it might be time to hope for the best and prepare for the worst by keeping an eye out for <a href="http://www.wisebread.com/you-re-fired-20-signs-that-a-pink-slip-is-coming">signs you're about to get fired</a>. If you make the cut, wipe the sweat from your brow and let 2015 be the year you turn over a new leaf. Like much of life, our professional lives can be reinvented with focus, discipline, and the right motivation.</p> <p><em>Have you ever been fired? Did the experience change how you approached your next job? Share your favorite stories below.</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/kentin-waits">Kentin Waits</a> of <a href="http://www.wisebread.com/12-reasons-you-deserve-to-get-fired">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-laid-off-a-step-by-step-guide">How to Get Laid Off: A Step-By-Step Guide</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/you-re-fired-20-signs-that-a-pink-slip-is-coming">You’re Fired! 20 Signs That a Pink Slip is Coming</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-not-to-answer-10-of-the-most-common-interview-questions">How NOT TO Answer 10 of the Most Common Interview Questions</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-signs-your-company-is-going-under">10 Signs Your Company Is Going Under</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-best-times-of-year-to-start-a-job-search">The Best Times of Year to Start a Job Search</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career Building fired job hunt job loss new job pink slip Wed, 03 Dec 2014 11:00:09 +0000 Kentin Waits 1262734 at http://www.wisebread.com The First 5 Things You Must Do After Getting Laid Off http://www.wisebread.com/the-first-5-things-you-must-do-after-getting-laid-off <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-first-5-things-you-must-do-after-getting-laid-off" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/businesswoman-unemployed-81387778-small.jpg" alt="unemployed businesswoman" title="unemployed businesswoman" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>A few weeks ago, I was laid off for the very first time.</p> <p>I managed to stay calm and do everything I needed to do to make sure I wouldn't end up on the streets in a month. I think it was the shock, but whatever the reason, it taught me that I am stronger than I realized and that I have a tremendous support system. (See also: <a href="http://www.wisebread.com/job-hunting-tips-for-the-recently-fired-and-some-for-the-rest-of-us-too?ref=seealso">Job Hunting Tips for the Recently Fired</a>)</p> <p>These are the five things I learned to do and to keep in mind if you lose a job.</p> <h2>1. Don't Panic</h2> <p>Yes, this seems obvious. However, it is something I told myself from the minute I started cleaning out my desk. And it helped tremendously. For many people, panic can be crippling. Sometimes when I get overwhelmed, I become paralyzed and don't take care of the basic tasks I need to do to get myself through a crisis. Neglecting basic needs can affect your overall health and ability to keep moving.</p> <p>When you are in a state of panic, you are also more likely to make poor decisions. Most psychologists will tell you that after any loss, it is important not to make big decisions. Before you sell your house or relocate, give yourself some time to find another job. You may find a job that pays more than the one you lost. It's also important to understand what an actual panic attack looks like and <a href="http://www.psychologytoday.com/blog/anxiety-help/201109/panic-attacks-what-they-are-and-how-stop-them-0">what to do when you are having a panic attack</a>. Just keep telling yourself, &quot;Don't Panic.&quot; You will be surprised at how much this simple statement will help you get through this time and land on your feet again.</p> <h2>2. Apply for Unemployment and Contact Creditors ASAP</h2> <p>After giving myself time to process everything and take a deep breath, I applied for unemployment benefits the day after I was laid off. This is important to do as soon as you can because it can take weeks for you to get your benefits if you qualify. Also, be sure to check for benefits that you might need immediately, such as health insurance. I called my state's Medicaid office right after I called the unemployment office, and I asked them to expedite the process because I needed a refill for an expensive medication in just a few days. They were very sympathetic and moved the process along quickly. Many people are understanding if you just explain the situation.</p> <p>Additionally, if you have any outstanding bills, such as student loans or utilities, call to see if they will work with you until you get your unemployment benefits. Most companies are willing to do this, and if you have student loans, you can get a temporary forbearance until your unemployment starts, at which time you should be able to defer them. Your unemployment office should offer several services that can help you navigate the free resources that are available to you.</p> <h2>3. Reach Out to People for Support</h2> <p>While I was fairly good about making sure I filled out all the paperwork and made all the necessary phone calls after I lost my job, it all hit me at once a few days after it happened. That's when I knew I needed to call my former therapist to make an appointment. I also called my friends, not only for moral support, but also to see if they could get together for coffee or just to hang out. I knew that I didn't need to be in my apartment alone.</p> <p>You can also find <a href="http://www.nytimes.com/2009/01/25/us/25support.html?pagewanted=all&amp;_r=0">job loss support groups</a>. Ask your local unemployment office, or try social media. I found a few of these support groups on LinkedIn. Whatever your method, it's important to get your support system in place early on so that you have someone to turn to if you do start to panic.</p> <h2>4. Don't Burn Bridges</h2> <p>Make sure you follow up with any loose ends from your job, such as transferring health or life insurance policies. If you get fired, don't cause a scene. I've seen other co-workers get fired, and a few of them caused such a scene that the HR person had to hover over their desks as they were packing up. Luckily, my situation was different, and they at least let me leave with dignity.</p> <p>But I also called my former manager a few days after I had time to process to tell him that I didn't have any hard feelings and to also ask if he would be a reference. Most importantly, don't put anything out there on social media that would hurt your chances of finding another job. I've seen friends post long, angry diatribes about their former employers, which I encouraged them to remove. Harboring anger is not helping your emotional state, nor will it help you land a new job.</p> <h2>5. Be Gentle With Yourself</h2> <p>During a crisis like this one, blaming yourself will not help; it will only make it worse. Try to take the judgement out of any of your actions, unless you are praising yourself for applying for another job or giving yourself a break. Give yourself some breathing room.</p> <p>Sherrie Bourg Carter, Psy.D offers some useful advice along these lines. Her first suggestion is to <a href="http://www.psychologytoday.com/blog/high-octane-women/201102/managing-job-loss">take time to recover</a>, but she also argues that part of the recovery process is to focus on what you can control rather than dwelling on what you cannot control. For instance, you cannot control what has already happened, so worrying about getting fired is living in the past, which will only bring you down. Worrying about finding another job can also hold you back. Spend that energy on making your resume stronger and finding the right job.</p> <p>Immediately after I got the news, I called one of my most practical friends, who reminded me that I could do all the necessary steps the next day and that I should just give myself the afternoon to call loved ones and process what just happened. This was sage advice, because I was in no state to take care of business. But the occasional gentle reminder to be kind to yourself and focus on what you can control throughout this process will make a huge difference in your ability to function and figure out the next steps.</p> <p><em>Have you ever been laid off from a job? How did you cope?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-watson">Ashley Watson</a> of <a href="http://www.wisebread.com/the-first-5-things-you-must-do-after-getting-laid-off">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-4"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-financial-moves-to-make-the-moment-you-get-fired">11 Financial Moves to Make the Moment You Get Fired</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-signs-you-should-quit-your-job">8 Signs You Should Quit Your Job</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-long-can-you-really-live-on-unemployment">How Long Can You Really Live on Unemployment?</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-8-worst-things-good-employees-do">The 8 Worst Things Good Employees Do</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-things-you-need-to-survive-a-job-loss">The 5 Things You Need to Survive a Job Loss</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income fired job loss layoff unemployment Fri, 29 Aug 2014 15:00:04 +0000 Ashley Watson 1197958 at http://www.wisebread.com Everything You Need to Know About Unemployment Insurance http://www.wisebread.com/everything-you-need-to-know-about-unemployment-insurance <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/everything-you-need-to-know-about-unemployment-insurance" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/job-loss-478634205.jpg" alt="job loss" title="job loss" class="imagecache imagecache-250w" width="250" height="176" /></a> </div> </div> </div> <p>Most of us don't think about the possibility of losing our jobs at a moment's notice. However, that is exactly what happens to thousands of people every day across the United States. (See also: <a href="http://www.wisebread.com/the-5-things-you-need-to-survive-a-job-loss?ref=seealso">What You Need to Survive a Job Loss</a>)</p> <p>If the unthinkable happens to you, it is important to know where to turn for unemployment help. From locating the correct agency to applying for financial assistance to receiving your funds, read on to discover everything you need to know about unemployment.</p> <h2>Who to Contact</h2> <p>The United States Department of Labor (DOL) oversees unemployment assistance for the entire country. Each state has an agency that determines eligibility, administers compensation, and offers training to get displaced employees back into the workforce.</p> <p>Each state calls the agency something different. To find the agency for your state, use this <a href="http://www.servicelocator.org/OWSLinks.asp">locator map from the DOL</a>. This map will link you up with where to file, check on, and answer questions about your unemployment claim.</p> <h2>Determine Eligibility</h2> <p>Unemployment compensation is provided to employees who have lost their jobs due to something outside of their control. This means the employee could not quit their job without a serious reason (such as a medical condition, harassment at the workplace, or workplace violence) and could not be fired for something they did on the job, like stealing from their employer. Each state determines guidelines for eligibility. Contact your state agency for those rules and regulations.</p> <p>Everyone who files for unemployment must have been employed for a certain length of time prior to filing and earned a certain amount of money. For example, in the state of Colorado, the employee must have earned at least $2,500 during a period of 12 months prior to filing a claim.</p> <p>Another portion of the eligibility for unemployment compensation is your ability and desire to find future employment. You must be actively seeking employment or receiving training towards future employment if financial compensation is going to be received. (See also: <a href="http://www.wisebread.com/job-hunting-tips-for-the-recently-fired-and-some-for-the-rest-of-us-too?ref=seealso">Job Hunting Tips for the Recently Fired</a>)</p> <h2>Filing a Claim</h2> <p>You can begin the application process for unemployment immediately after the loss of your job. In some states, you can file online, over the phone, or by using a mobile app. When you do file, be sure to have information about your employer and your employment history available. You will be asked questions about who your employer was as well as the address and phone number for them. You will need to provide dates for when your employment began and when it ended. Also, be prepared to provide information about your income while you were employed.</p> <p>After filing your claim, it can take two or three weeks before payment is received. Some states require a waiting period of one week before money is issued.</p> <h2>Remaining Eligible</h2> <p>In order to remain eligible for unemployment, you must continue to file the status of your claim with the agency. Every state has set this up differently. You may need to provide an update every week or two weeks. You will be required to answer questions about the process you are going through to find new employment. Some states may require lists of employers who have your resume, some may require you to register with employment agencies, and some may require you to come into their office a certain number of hours each week to conduct your job search.</p> <p>To remain eligible, it is important that you update your status on the day that it is required. Failing to do so can mean a disruption or cancellation of your benefits. (See also: <a href="http://www.wisebread.com/tips-for-thriving-in-long-term-unemployment?ref=seealso">Thriving in Long-Term Unemployment</a>)</p> <h2>Receiving Benefits</h2> <p>Unemployment benefits can be financial payments, insurance, and job training. Each state will determine which you need. If your spouse has insurance that is available to you, then the state will not provide you with unemployment insurance. If you are already highly-skilled, job training may not be available but other resources like resume building and interviewing skills can be an option. (See also: <a href="http://www.wisebread.com/this-interview-technique-will-get-you-hired?ref=seealso">This Interview Technique Will Get You Hired</a>)</p> <p>Financial benefits can be in the form of a check, but most states have moved to automatic deposits into a state-controlled debit account. The amount is based on a percentage of your previous year's income and can not go over the state's maximum. Compensation is available for a maximum of 26 weeks unless it is during a time of high unemployment, in which case <a href="http://www.workforcesecurity.doleta.gov/unemploy/extenben.asp">extended benefits</a> are available. Money received is considered taxable income and will need to be claimed on your yearly income taxes.</p> <p>If you have filed a claim for unemployment benefits and were denied, you do have the right to file an appeal. Appeals can be filed with the same agency that you filed your initial claim with and should be done as soon as possible.</p> <p>Whether you are anticipating a layoff months in advance or you find yourself without a job very suddenly, the process of applying for unemployment benefits can feel daunting. However, filing a claim need not be a painful experience. Arm yourself with all the information on your employment and these tips beforehand to ensure the process is as smooth as possible.</p> <p><em>Have you ever made a claim for unemployment benefits? What was the process like for you?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/linsey-knerl">Linsey Knerl</a> of <a href="http://www.wisebread.com/everything-you-need-to-know-about-unemployment-insurance">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-5"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/laid-off-make-sure-you-get-your-unemployment">Laid Off? You May Have to Fight for Unemployment Benefits</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-first-5-things-you-must-do-after-getting-laid-off">The First 5 Things You Must Do After Getting Laid Off</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-financial-moves-to-make-the-moment-you-get-fired">11 Financial Moves to Make the Moment You Get Fired</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-to-deal-when-you-work-with-someone-you-hate">8 Ways to Deal When You Work With Someone You Hate</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-make-public-speaking-less-terrifying">How to Make Public Speaking Less Terrifying</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income Life Hacks job loss unemployment unemployment benefits Wed, 30 Apr 2014 08:00:22 +0000 Linsey Knerl 1137341 at http://www.wisebread.com Job Hunting Tips for the Recently Fired (and Some for the Rest of Us, Too) http://www.wisebread.com/job-hunting-tips-for-the-recently-fired-and-some-for-the-rest-of-us-too <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/job-hunting-tips-for-the-recently-fired-and-some-for-the-rest-of-us-too" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/fired-5321265-small.jpg" alt="fired" title="fired" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>Job hunting after you've been fired can be an intimidating task, especially in a tight job market. It may not be a cakewalk, but there are ways to make getting your first post-termination job a bit easier. And once you've cleared that hurdle, the impact a firing has on future job searches decreases. (See also: <a href="http://www.wisebread.com/6-tax-deductions-job-hunters-can-t-afford-to-overlook?ref=seealso">6 Tax Deductions for Job Hunters</a>)</p> <h2>Get Your Emotions in Check</h2> <p>Getting fired is one of the most distressing things a person can go through. The uncertainty of sudden unemployment coupled with the humbling experience of being dismissed instead of leaving by choice can cause anger, feelings of inadequacy, anxiety about your future, and an overall depressed mood. These reactions are completely normal, but they're also unhelpful.</p> <p>To get yourself back where you need to be, focus on positives instead of negatives. Think about your strengths and what you can contribute to an organization. Forgive yourself for any failures and make a conscious decision to move on. If you make peace with the situation, feel confident about what you have to offer, and adopt the view that you've only experienced a minor setback, getting back out into the working world will be a whole lot easier. (See also: <a href="http://www.wisebread.com/lose-your-job-without-losing-your-identity?ref=seealso">Lose Your Job Without Losing Your Identity</a>)</p> <h2>Reassess Your Situation</h2> <p>Once you've dealt with the emotional side of the situation, you've got to get analytical. Think about what went wrong, why, and how you can stop it from happening again. Next, ask yourself some important questions:</p> <ul> <li> <p>Where do you really excel?</p> </li> <li> <p>Which areas of your expertise do you need to build?</p> </li> <li> <p>Are you utilizing your skills and knowledge in a way that was satisfying to you? If not, what would you rather be doing?</p> </li> </ul> <p>Getting fired can be the push you need to break into a new area of your field or start a new career altogether, so as you're evaluating your strengths, weaknesses, and goals, think about how they would fit into new positions or industries. Don't be afraid to <a href="http://www.wisebread.com/10-secrets-of-long-distance-job-hunting">look into other locales for new opportunities</a>.</p> <h2>Take Immediate Action</h2> <p>Getting fired is one of the worst times to take an extended break from working. A hole in your employment already sends up red flags to prospective employers. Revealing that you were in fact fired before that gap could lead them to believe you have even more serious issues. Plus, the longer you go without making progress, the more those negative emotions you're trying to control start to fester.</p> <p>Start your job hunt as soon as possible. The same day you receive your walking papers is a perfect time to begin, but you can take a few days to get your emotions together if you need it. If your search starts getting lengthy, say more than a couple of months, you may want to look into freelance and volunteer work or enrolling in job-related courses to fill the hole. You'll look better to employers if you've been keeping busy since you were laid off. (See also: <a href="http://www.wisebread.com/how-to-get-work-experience-without-having-a-job?ref=seealso">Getting Work Experience Without a Job</a>)</p> <h2>Optimize Your References</h2> <p>You'll need extra good references to take the sting out of the nature of your previous departure. References from pre-firing employers are good, but references from the job you were let go from are even better. Fellow employees should be able to substantiate the explanation you gave about your parting as well as tell potential employers about your positive contributions.</p> <p>The absolute best reference is one from your former managers or other higher-ups. The viability of this option depends on the reason you were fired and how well you performed before things went south, but having a positive reference even after you've been fired can make a huge difference. To maximize your chances, you could try sending a post-termination letter admitting any wrongdoing, and thanking the employer for the opportunity and learning experience. Even if you messed up bad, this bit of mea culpa can sway your old boss toward giving you a good &mdash; or at least better &mdash; reference. (See also: <a href="http://www.wisebread.com/how-to-get-great-job-references?ref=seealso">How to Get Great Job References</a>)</p> <h2>Describe Your Job-Hunting Activities Wisely</h2> <p>The way you present your circumstances can have a big impact in your job search. Using a statement such as &quot;Actively pursuing new opportunities&quot; in your cover letter and online job networking profiles lets employers know you're available without disclosing exactly why. If you're taking a new career path, Deborah Jacobs of Forbes Magazine recommends a statement such as &quot;Currently seeking to leverage my Equity Floor experience and education into Investor Relations.&quot; This kind of phrasing works well when you're discussing your job status during interviews, too. (See also: <a href="http://www.wisebread.com/how-to-get-great-job-references?ref=seealso">How to Make a Good Impression at Your Job Interview</a>)</p> <h2>Be Upfront, but Not Too Upfront</h2> <p>You definitely don't want to make any mention of your firing on your resume, cover letter, or online networking profiles. However, you also don't want to wait so long that the employer finds out on their own while checking references. The best time to broach the subject is during the interview. Wait until you're asked to describe your previous job or why you left your former position, and then give your explanation.</p> <p>In the event that you really messed up and don't want future employers to know about the job at all, you could simply leave it off of your resume and avoid bringing it up during interviews. This works better if doesn't have much relevance to the position you are seeking or if you were only there for a short time, but you may still be able to pull it off if you have other career-related activities to fill in the blank. Keep in mind that this will not work for people who are applying for jobs that require background checks or complete disclosure of all previous positions, such as in government, financial, and legal work.</p> <h2>Prepare Your Explanation</h2> <p>You'll need to formulate a statement that gives potential employers the facts surrounding your firing without injecting resentment, blame, or other negative emotions into the story. Even if you feel that your termination was unjustified, you need to avoid bad-mouthing your old boss or coming across as defensive. Interviewers only need to know what happened, why it happened, if there was anything you could have done differently, and what you've gained from the experience. Most importantly, you have to come up with a reason the mistake won't happen again. Above all, do not lie. There's a chance a potential employer will learn the real story eventually, especially if the job is within the same industry, and being dishonest is the surest way to disqualify yourself from a job.</p> <p>Planning out what you'll say makes it easier to be upfront about the situation, but discussing these kinds of stressful subjects can still make you uncomfortable. Even when you're telling the truth, anxiety can cause you to stutter, avoid eye contact, perspire, and flush red&nbsp;<span style="font-size: 13px;">&mdash;</span><span style="font-size: 13px; line-height: 1.7em;">&nbsp;all tell-tale signs of lying. To avoid raising an interviewer's suspicions unnecessarily, practice your explanation in front of the mirror or with another person, until it sounds natural and authentic. (See also: </span><a style="font-size: 13px; line-height: 1.7em;" href="http://www.wisebread.com/10-body-language-mistakes-that-sabotage-most-interviews?ref=seealso">Body Language Mistakes That Sabotage Interview</a><span style="font-size: 13px; line-height: 1.7em;">s)</span></p> <h2>Word Your Departure Carefully</h2> <p>Even if the truth seems pretty bad, there are ways of making it come across better. Avoid use of the word &quot;fired,&quot; because that particular expression carries a stigma that interviewers may find hard to overlook. Using phrases such as &quot;I was let go&quot; or &quot;My employment was terminated&quot; tones down the inherent harshness of the situation. Pairing your big reveal with an aptly-worded statement can then shift the focus from the negative subject of your discharge to the positive subject of what you can contribute to the company. Something like, &quot;My limited sales skills simply couldn't keep up with the fast-paced production required by my previous employer and I was let go. However, I believe my graphic design skills will be well-applied in this position as an advertising assistant.&quot;</p> <h2>Tell Them What You Did Right</h2> <p>Referencing situations in which you excelled at your previous job assures potential employers that you weren't just flailing around Mr. Bean-style, leaving confusion and calamity in your wake. Highlight your successes, such as the number of new accounts you brought in or the projects you completed. If you were better at one aspect of your job than another, put emphasis on the duties you did well. Have your references mention these things as well to support your description.</p> <h2>Show What You've Learned</h2> <p>One of the most effective ways to decrease the impact being fired has on your job hunt is to demonstrate that you've addressed the issues that lead to your firing. If the problem was a lack of knowledge, tell interviewers about the steps you took to fill gaps in your expertise, such as engaging in self-study or enrolling in continuing education courses. If the problem was due to interpersonal issues, explain how you've learned to work with a greater variety of personalities and viewpoints and now have the ability to handle similar situations better. No matter what the reason, the key is to describe how the knowledge you gained will help you be successful in the position you're applying for.</p> <p style="text-align: left;"><em>Have you ever been fired from a job? How did you get hired afterward?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/lauren-treadwell">Lauren Treadwell</a> of <a href="http://www.wisebread.com/job-hunting-tips-for-the-recently-fired-and-some-for-the-rest-of-us-too">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-6"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-signs-your-company-is-going-under">10 Signs Your Company Is Going Under</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-terrible-work-from-home-jobs-you-should-avoid">8 Terrible Work-From-Home &quot;Jobs&quot; You Should Avoid</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-hard-truths-about-getting-hired-that-you-dont-want-to-believe">10 Hard Truths About Getting Hired That You Don&#039;t Want to Believe</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/4-best-jobs-for-work-life-balance">4 Best Jobs for Work Life Balance</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-get-the-job-without-saying-a-word">How to Get the Job Without Saying a Word</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Job Hunting fired job hunting job loss Fri, 14 Mar 2014 10:36:24 +0000 Lauren Treadwell 1127919 at http://www.wisebread.com The 5 Things You Need to Survive a Job Loss http://www.wisebread.com/the-5-things-you-need-to-survive-a-job-loss <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/the-5-things-you-need-to-survive-a-job-loss" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/stress-1128522-small.jpg" alt="stressed man" title="stressed man" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>Losing a job can be one of the most challenging struggles a person can face in this &mdash; or any &mdash; economy. Many people feel lost and unprepared for such an abrupt change in their lives, but it doesn&#39;t have to be that way. Having a thorough plan can help you deal not only financially, but mentally, too. Here are some things you need to have ready in case of an upheaval in your professional life. (See also: <a href="http://www.wisebread.com/lost-my-job-tips-for-the-recently-laid-off?ref=seealso">Help! I Lost My Job!</a>)</p> <h2>1. Savings</h2> <p>The general rule of thumb is to be sure you have three months of savings ready to go at all times in case of job loss or other emergencies. However, this number is not set in stone, and in the new economy, many advisors suggest that saving as much as a <em>year&#39;s</em> worth of expenses is the best route to go. Check this guide to <a href="http://www.wisebread.com/figuring-the-size-of-your-emergency-fund">calculate what you need</a>. Deciding how much savings to keep depends on a number of factors, such as the demand for your skills in the marketplace, your budget and expenses, and other sources of household income (such as from a partner or spouse).</p> <p>Begin saving bit by bit, putting your money in a place that is hard to access, like an online-based account. There are many online savings accounts that also <a href="http://www.wisebread.com/online-savings-account-face-off-ally-bank-vs-capital-one-360">carry decent interest rates</a>, which can make your emergency savings work for you. (See also: <a href="http://www.wisebread.com/5-best-online-savings-accounts?ref=seealso">5 Best Online Savings Accounts</a>)</p> <h2>2. A Large Network</h2> <p>If you aren&#39;t the &quot;social butterfly&quot; type, now is the time to get out there and expand your professional network. If your job suddenly is taken away, the old adage &quot;it&#39;s not what you know, but who you know&quot; will come in to play more than ever. Make sure you have a reliable network of colleagues. Your network can be your most valuable tool in a professional crisis.</p> <p>Start by going on LinkedIn and finding groups of people in similar professions in your area. <a href="http://www.eventbrite.com/">EventBrite</a> and <a href="http://www.meetup.com/">MeetUp</a> also are great resources to help build your professional network. (See also: <a href="http://www.wisebread.com/your-31-hidden-networks-that-can-help-you-land-jobs?ref=seealso">Hidden Networks That Can Help You Land a Job</a>)</p> <h2>3. An Updated Resume</h2> <p>A resume showing your most recent skills and experience is a powerful tool that will take the least amount of effort on your behalf. If you suddenly lose your job, the time you take to update an old resume could have been spent looking for new contacts and new jobs. Always have an updated resume at the ready. (See also: <a href="http://www.wisebread.com/how-to-get-your-resume-past-the-resume-filter?ref=seealso">Get Your Resume Past the Resume Filter</a>)</p> <p>Take the time to not only update the text in your resume, but also the appearance of your resume to help it stand out, especially if you&#39;re in a field that&#39;s design-related and is highly competitive. If renovating your resume feels like an overwhelming task, <a href="http://www.wisebread.com/great-ways-to-improve-your-resume-today">here&#39;s a guide to help</a> you focus on what to tweak and where.</p> <h2>4. A Strategy (With Your Partner)</h2> <p>If you feel that your job might be compromised in the near future, it&#39;s best to discuss this with your partner. Waiting until it actually happens can send everyone into crisis mode and, let&#39;s face it, many people can&#39;t think clearly when in crisis mode. Lay out expectations, and have a plan B ready that includes at the minimum <a href="http://www.wisebread.com/emergency-belt-tightening">an emergency budget</a> showing where you can cut costs in case your fears do become reality. And if you&#39;re single, it&#39;s even more beneficial to you to have a plan laid out, as there may not be a secondary source of income supporting you.</p> <h2>5. A Thorough Understanding of Your Benefits</h2> <p>If you are let go, it&#39;s important to know what the company is offering you as a settlement. Can you and your family count on health insurance for a few more months? Is there a sum of money that you can expect to sustain you for a little time? What happens to any retirement funds that were through the company? Get written information that explains in detail what you&#39;re entitled to if you&#39;re laid off.</p> <p><em>Have you been laid off or let go from a job? How did you get through it?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/megan-brame">Megan Brame</a> of <a href="http://www.wisebread.com/the-5-things-you-need-to-survive-a-job-loss">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-7"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-first-5-things-you-must-do-after-getting-laid-off">The First 5 Things You Must Do After Getting Laid Off</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/laid-off-make-sure-you-get-your-unemployment">Laid Off? You May Have to Fight for Unemployment Benefits</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-signs-you-should-quit-your-job">8 Signs You Should Quit Your Job</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-8-worst-things-good-employees-do">The 8 Worst Things Good Employees Do</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/laid-off-what-to-do-before-plunging-into-the-job-search">Laid Off? What To Do Before Plunging Into The Job Search</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income emergency savings job loss layoff Wed, 15 Jan 2014 10:48:16 +0000 Megan Brame 1109740 at http://www.wisebread.com 5 Places to Check out Medical Care for the Uninsured http://www.wisebread.com/5-places-to-check-out-medical-care-for-the-uninsured <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/5-places-to-check-out-medical-care-for-the-uninsured" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/stethoscope_0.jpg" alt="stethoscope" title="stethoscope" class="imagecache imagecache-250w" width="250" height="125" /></a> </div> </div> </div> <p> <meta http-equiv="CONTENT-TYPE" content="text/html; charset=utf-8" /><br /> <title></title><br /> <meta name="GENERATOR" content="OpenOffice.org 3.0 (Win32)" /></p> <style type="text/css"> <!-- @page { margin: 0.79in } P { margin-bottom: 0.08in } --><!-- @page { margin: 0.79in } P { margin-bottom: 0.08in } --> </style></p> <p style="margin-bottom: 0in;">With job loss on the rise and many people who can not afford medical insurance on their own, yet don't qualify for state or federal assistance, there are many who will skip medical treatment to save money. Your health is certainly not something you can take likely.</p> <p style="margin-bottom: 0in;"><em><strong>Here are 5 places you can check out when you need medical help but don't have the insurance to cover it:</strong></em></p> <p style="margin-bottom: 0in;"><strong>Your Family Doctor</strong></p> <p style="margin-bottom: 0in;">Many individuals do not realize it but you can still see your family physician without insurance and be able to afford it. It may take some gumption but approach your doctor about a reduction in rates for services because you are willing to pay cash. Many doctors are happy to work with you because they will likely get more money and get it in a faster time period than when having to deal with insurance or Medicare.</p> <p style="margin-bottom: 0in;"><strong>Health Care Centers </strong></p> <p style="margin-bottom: 0in;">These are not the &ldquo;free clinics&rdquo; you might have in your community but there are health care centers regulated and sponsored by the federal government. These centers provide primary, preventative and dental services to people of all ages, based on a sliding payment scale. This means you pay for services based on how much income you make. Check out <a href="http://findahealthcenter.hrsa.gov/">findahealthcenter.hrsa.gov</a> to find a center in your area.</p> <p style="margin-bottom: 0in;"><strong>Planned Parenthood</strong></p> <p style="margin-bottom: 0in;">Because Planned Parenthood centers often receive state funding and public donations, the fees for services may be even lower than normal, but you will typically you'll be charged what you can afford, based on your income. Women can receive family planning services, plus other treatment and testing for STD's, pap tests, breast exams, and birth control for little or no cost. Be sure to call first to discuss your finances if you do not have insurance. You'll be able to get a ball park figure for how much it will cost prior to going to your appointment. <strong>**&nbsp;UPDATE: An astute reader pointed out that PP is not only for women and men are welcome to be sure their reproductive and overall health is on track.**</strong></p> <p style="margin-bottom: 0in;"><strong>Convenience Clinics</strong></p> <p style="margin-bottom: 0in;">These are the walk-in health centers located in major retail shopping chains such as pharmacies and Walmart. Typically, these clinics are staffed by RN practitioners and physician's assistants who can treat and prescribe medications for general colds, flu, and infections. They can also help treat and do preventative check-ups for conditions such as diabetes and high blood pressure. The costs will vary from clinic to clinic and depends on your illness or treatment plan. Some places will offer &ldquo;a la carte&rdquo; services and some will charge a &ldquo;flat-rate fee&rdquo; for services rendered.</p> <p style="margin-bottom: 0in;"><strong>Free Screenings</strong></p> <p style="margin-bottom: 0in;">Many community groups, civic organizations, and local hospitals will offer regular free clinics for specific screenings of disease such as cancer, diabetes, heart problems, high blood pressure, and other conditions. Check in your local news paper or group newsletter to see what is coming up in you area and take advantage of the free (or at least discounted) health services. Early detection of many diseases can certainly save your life.</p> <p style="margin-bottom: 0in;">&nbsp;</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <p>&nbsp;</p> <div align="center"><a href="//www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F5-places-to-check-out-medical-care-for-the-uninsured&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F5%20Places%20to%20Check%20out%20Medical%20Care%20for%20the%20Uninsured.jpg&amp;description=5%20Places%20to%20Check%20out%20Medical%20Care%20for%20the%20Uninsured" data-pin-do="buttonPin" data-pin-config="above" data-pin-color="red" data-pin-height="28"><img src="//assets.pinterest.com/images/pidgets/pinit_fg_en_rect_red_28.png" alt="" /></a> </p> <!-- Please call pinit.js only once per page --><!-- Please call pinit.js only once per page --><script type="text/javascript" async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <div align="center">&nbsp;</div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/5%20Places%20to%20Check%20out%20Medical%20Care%20for%20the%20Uninsured.jpg" alt="5 Places to Check out Medical Care for the Uninsured" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tisha-tolar">Tisha Tolar</a> of <a href="http://www.wisebread.com/5-places-to-check-out-medical-care-for-the-uninsured">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-3"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-secrets-you-need-to-tell-your-financial-adviser">11 Secrets You Need to Tell Your Financial Adviser</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-simple-guide-to-planning-for-a-loved-ones-long-term-care">A Simple Guide to Planning For a Loved One&#039;s Long-Term Care</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-surprising-things-your-hsa-will-cover">11 Surprising Things Your HSA Will Cover</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/7-ways-you-can-save-money-on-prescription-medications">7 Ways You Can Save Money On Prescription Medications</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-go-from-two-incomes-to-one">How to Go From Two Incomes to One</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance health care job loss medical care prescriptions uninsured Tue, 28 Apr 2009 01:45:11 +0000 Tisha Tolar 3091 at http://www.wisebread.com Laid Off? You May Have to Fight for Unemployment Benefits http://www.wisebread.com/laid-off-make-sure-you-get-your-unemployment <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/laid-off-make-sure-you-get-your-unemployment" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/3205285466_e054491140_z.jpg" alt="fist" title="fist" class="imagecache imagecache-250w" width="250" height="214" /></a> </div> </div> </div> <p>If you've recently been <a title="Tips for the Recently Laid Off" href="http://www.wisebread.com/lost-my-job-tips-for-the-recently-laid-off">laid off</a>, you may have to <a title="Unemployment: Not for Everyone" href="http://abcnews.go.com/GMA/Weekend/story?id=6928837&amp;page=1">fight for your right to collect unemployment</a> from the government.</p> <p>You probably know that if you are fired, you can't collect unemployment from the government. Although qualifications can vary from state to state, generally, <a title="unemployment factsheet" href="http://workforcesecurity.doleta.gov/unemploy/uifactsheet.asp">only people who are laid off</a> from their jobs will qualify for unemployment benefits. But did you know that, even if you are laid off, your employer can <a title="employers fight unemployment benefits" href="http://www.washingtonpost.com/wp-dyn/content/article/2009/02/11/AR2009021104311.html">challenge your right to receive benefits</a>?</p> <p>Sneaky employers have always done this. It's not obvious at first why any business would want to prevent an employee caught up in massive job lay-offs from feeding their families until they find another job. After all, the money is coming from the government, right? (See also: <a title="Help! I Lost My Job!" href="http://www.wisebread.com/lost-my-job-tips-for-the-recently-laid-off">Help! I Lost My Job!</a>)</p> <p>Well, yes and no. The money that is used to pay unemployment benefits comes from unemployment insurance fees that employers pay into (similar to other government taxes). Whenever an employer lays off a bunch of workers, and these workers file for unemployment benefits with the government, the employer's unemployment insurance rates go up. It's still cheaper than paying the actual salaries of the laid off employees, but many employers who are trying to cut costs are willing to do anything to prevent rising insurance rates of any kind.</p> <p>The way to do this is to challenge the laid-off workers' rights to collect benefits by claiming that the employee was fired for poor performance, rather than laid off due to the company's financial difficulties. If a worker is let go for performance-based reasons, the employer doesn't have to pay additional unemployment insurance for them. So, companies are increasingly telling the government that laid-off workers were actually fired for negligence, poor performance, or as a recent laid-off employee from Verizon was accused, &quot;detour and frolic.&quot;</p> <p>The bad news is that employer disputes of unemployment benefits claims are up &mdash; the good news is that employers aren't only any more successful in their disputes than normal. They only win roughly 1/3 of their challenges, a figure that has remained consistent since the 1980s.</p> <p>If your employer challenges your right to unemployment benefits, you will likely have to get involved in some sort of mediation, either in court or through a similar process that involves a small hearing. How this works varies from state to state, but <a title="service locator" href="http://www.servicelocator.org/OWSLinks.asp">here's a handy map for finding your state agency</a> that deals with unemployment benefits.</p> <p>You can't do anything to prevent your employer from being a jerk, so if you know you might be caught up in layoffs in the coming months, here is what you can do to prepare for battle:</p> <p>1. <strong>Collect, print, and save all examples of superiors or coworkers praising your work or worth ethic.</strong> Emails, written notes, yearly performance reviews, letters of commendation &mdash; anything to prove that you were a valuable employee will be helpful in making your case to your state unemployment agency. If you can collect information that proves what your position was within your company, be it an employee contract, formal written job offer, or employee roster with job titles. On a similar note, be aware of any potential rebukes that your employer could mention if they should appeal your unemployment claim.</p> <p>2. When you are notified of the layoffs, <strong>do your best to be gracious.</strong> No one likes losing their job, but responding angrily will not help you. It's best to leave without burning any bridges.</p> <p>3. <strong>File for unemployment benefits as soon as you are eligible.</strong> If you are quick enough, you might stay ahead of the pack and get approved for benefits before your employer gets their wits about them.</p> <p>4. When you do get laid off, <strong>ask your employer to state the reasons for your dismissal in writing.</strong> Some employers only provide a verbal apology and a box to pack your stuff in, but it never hurts to ask for a more formal letter of dismissal.</p> <p>5. If you are a part of a massive layoff at a large company, the kind of layoffs that warrant articles in the news media, <strong>clip and keep articles that mention the layoffs.</strong> If you were let go along with a few hundred or thousand other employees, you may have a better chance of proving that your lack of unemployment was not due to any negligence on your behalf, but rather, was a function of a lousy economy.</p> <p>6. <strong>Be honest.</strong> Don't lie about your compensation, work history, or position. Any inconsistencies in your application that your employer can dispute will only hurt your case.</p> <p>7. If you can, <strong>ask your supervisor for a letter of recommendation</strong> either before or immediately after you are let go.</p> <p>8. Even though it's tiresome to hear, <strong>get your resume updated as soon as you can.</strong> Be sure to actively seek employment in a broad range of industries. Most unemployment benefits require that you constantly search for a new job. Keep a copy (electronic or printed) of every job application you submit.</p> <p>9. <strong>Remember &mdash; unemployment benefits really aren't that great, and will run out fairly quickly.</strong> If you CAN find another job with decent pay and benefits, you should consider taking it. After all, finding a new job when you are already employed is easier than finding a new job when you are jobless.</p> <p><em>Have you had to fight for your unemployment benefits when your former employer challenged your filing? What did you do to prove your case?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/andrea-karim">Andrea Karim</a> of <a href="http://www.wisebread.com/laid-off-make-sure-you-get-your-unemployment">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-8"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/everything-you-need-to-know-about-unemployment-insurance">Everything You Need to Know About Unemployment Insurance</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-first-5-things-you-must-do-after-getting-laid-off">The First 5 Things You Must Do After Getting Laid Off</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/11-financial-moves-to-make-the-moment-you-get-fired">11 Financial Moves to Make the Moment You Get Fired</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-5-things-you-need-to-survive-a-job-loss">The 5 Things You Need to Survive a Job Loss</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/10-unprofessional-habits-that-could-kill-your-career">10 Unprofessional Habits That Could Kill Your Career</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income job loss unemployment benefits Fri, 13 Mar 2009 17:32:29 +0000 Andrea Karim 2834 at http://www.wisebread.com