Blair bribes parents and children into higher education It would seem that the media mania over the cost of an education is finally paying off, with the UK government taking increasingly strong measures to maintain the current level of school leavers moving into higher education. According to the Times Higher ... Finding the most desirable credit card deal With increasing competition, credit card companies have been trying to differentiate their products and come up with the best credit card deals. For consumers this often means competitive interest rates and a great variety to choose from when it comes to ... How Soon Should I Teach My Kid To Save? It’s never to soon to teach your kids how to save! In fact, the sooner you teach them how to save the better they will be at learning how to manage their money in the future. If they start early saving, they will understand the value of money and how much ...
How to Prepare For a Potential Job Loss
What do you do when you have that gut feeling of impending doom about your job? Is the writing on the wall? Are you about to be laid off or fired? Is the company going under? Or is it going to come out of the blue that you no longer have a job. If you have these feeling then now is the time to take action in order to soften the blow. You need to start today to get your affairs in order. If the ax falls you will be in a much better position than your coworkers. If you follow these steps and nothing happens you will still be much better off than you are now.
First off, is your resume up to date? If you have not updated it in a few years, now is the time. You may want to consider hiring a professional to do it for you. You need to put your best foot forward. You want to be able to start sending it out before or right after you become unemployed. Searching for a new job can be a full time job by itself. Do you job skills need updating? While you are still working may be a good time to take a few classes and update your skills or start training for a new career. You may want to sign up with a temp agency now so they can place you later. Advantages of temp agencies are they pay well, they find a job for you, you won't be competing for a position with dozens of others and you can usually start immediately.
Start networking. Ask everyone you know if they know of any job openings. If you have not lost your job yet, explain to them you may be laid off and will be looking for a new job. Maybe they can give you a contact name within their company. Someone to send your resume to letting them know if they have any openings in the future you would like to be considered. Start the process now. It is not what you know, it is who you know.
Get your financial house in order. This is always easier said than done. If you are like most people you may already be living paycheck to paycheck and there is nothing extra. If you become unemployed you need as much cash as possible to carry you through. Most experts recommend 3-6 months cash to meet your living needs. What if you can't find a job for 8 months or a year? Gather all your cash reserve or sources for cash. Stash as much as possible to meet you needs.
If you are laid off, the next day you should start filling out any paperwork for unemployment benefits you may qualify for.
You will get through this, it will just take time. Start taking these important steps today and you will be far better prepared for tomorrow.
Wednesday's Personal Finance Stories MarketWatch Robert Powell writes in his Your Portfolio column today that if you have ever had an investment plan or worked with a financial adviser, you've probably filled out a risk-tolerance questionnaire. The problem is that most investors really don't ...
The sad state of personal finance education Chicago Tribune Yet little attention is paid to educating our citizens in personal financial planning. There never has been a comprehensive attempt to provide even basic education in this area -- but all evidence suggests it is sorely needed.
Personal Loan Web Design Expert Hired by USA Payday Forever PR Web (press release) They have arranged for this website designer to work on their new personal finance website after preparations to change their company name, and implement their social media campaign, are completed. USA Payday Forever has spent a lot of time redoing ...
The sad state of personal finance education Chicago Tribune Yet little attention is paid to educating our citizens in personal financial planning. There never has been a comprehensive attempt to provide even basic education in this area -- but all evidence suggests it is sorely needed.
New App from BECU and Slalom Consulting Promotes Financial Literacy MarketWatch (press release) SEATTLE, May 23, 2012 /PRNewswire via COMTEX/ -- Some Seattle-area high school students have a new app on their mobile devices, created to help teenagers better understand how to manage their personal finances. Seattle's Slalom Consulting has partnered ...
