Getting laid off from your job can be a devastating experience.
Whether it was unexpected or something you saw coming, the reality often is difficult to face.
Its natural to feel overwhelmed and wonder what to do when you get laid off.
Although its a significant setback, it doesnt have to be the end of your career.
Apply for Unemployment Benefits Immediately
The very first step you should take is to apply for unemployment benefits.
These benefits can provide a financial cushion while you search for your next job.
Visit your states unemployment office website and submit a claim.
The sooner it’s possible for you to start receiving benefits, the better.
check that you understand the requirements.
However, you still have options to maintain coverage.
Alternatively, it’s possible for you to look into getting on your spouse or partners health insurance plan.
Or, you might explore the Health Insurance Marketplace to find more affordable plans.
VisitHealthCare.govto find subsidized plans.
Youll have 60 days from when you lost your job to enroll in a new health insurance plan.
Low-income individuals and families can also look into Medicaid and the Childrens Health Insurance Program.
If youre not sure where to start, were a big fan of budgeting apps likeCleo,Rocket MoneyandYNAB.
Other ways to reduce expenses include:
4.
Freelancing, gig work, tutoring and part-time jobs are all viable options.
These likely cant fully replace your full-time income.
However, anything helps, and sometimes freelance work can lead to full-time opportunities.
The sooner you apply for jobs, the quicker youll land one.
Networking is also crucial during this period.
Reach out to former colleagues, attend industry events and make use of online networking platforms.
You may even want to join job-seeker groups or talk to a financial advisor.
It may feel like all you should do is focus on finding a job.
Remember, resilience and adaptability are your greatest assets at a time like this.
