For most families, unemployment is one of the biggest fears, particularly if there is only one bread earner.
However, while it will take time to adjust, with a bit of determination and focus you will be able to not only cope with the change in your finances but how it affects you as a person.
The following five things will help you stay on track:
1. Accept your situation
First and foremost accept your new situation. You are sure to go through a number of emotions including fear, anger, worry and denial - all natural reactions to a job loss – but it is important your accept the fact in order to help you get back on track.
2. Analysis your finances
Now more than ever it is important you know your exact incomings and outgoings. You will be working with a lot less money so it is vital you cut out things that are considered non-essentials like gym memberships, after school activities and certain food items.
3. Talk to your bank
If you have any loans or a mortgage, you should make an appointment with your bank to discuss your options like a six month freeze on your repayments. Be open and honest with them and they will try to work with you – it’s always best to tackle these things head on rather than trying to bury it in the sand.
4. Look at your options
Do contact your local social welfare office to ask about your entitlements. It is also a good idea to discuss retraining options that are available – it is important to keep your skills up if you want to return to the workplace.
5. Don't give up
It can be disheartening losing a job, particularly if you are struggling to find something else. However, it is important you spend a good portion of your time working on your CV, chasing job advertisements and contacting recruitment agencies both online and in person. You can also use your time off to perhaps start your very own business. Whatever you do though make sure you never give up.
