Avoid Raiding

Assess your cash reserves—calculate how long your emergency fund can cover essentials.

Assess Reserves

Losing a job is stressful, but strategic financial steps can help you stay afloat.

Slash Spending

Assess your cash reserves—calculate how long your emergency fund can cover essentials.

Financial Steps After Job Loss

If funds are tight, slash non-essential spending and pause discretionary savings to preserve cash.

Essential Cover

Tight Funds

Assess cash reserves carefully.

Pause Savings

Calculate emergency fund length.

Unemployment Aid

Slash non-essential spending.

Managing Finances During Unemployment

If funds are tight, slash non-essential spending and pause discretionary savings to preserve cash.

Calculate emergency fund coverage for essentials like rent and groceries. Prioritize debts and contact lenders for assistance. Avoid tapping into retirement accounts unless absolutely necessary for survival.

File Benefits

Losing a job is stressful, but taking immediate financial steps is crucial. Assess cash reserves and cut non-essential spending. File for unemployment benefits and review health insurance options promptly.

Review Insurance

Prioritize Debts

Pause discretionary savings and seek hardship plans for mortgages and credit cards. Explore COBRA, marketplace plans, or Medicaid for health insurance. Stay proactive and resourceful during this challenging time.

Preserve Cash

Eligibility Check

File for unemployment benefits ASAP; every bit helps, even if unsure about eligibility.

Health Options

Review health insurance options: COBRA, marketplace plans, or Medicaid if income is low.

Contact Lenders

Prioritize debts—contact lenders to request forbearance, reduced payments, or hardship plans.

Hardship Plans