In an instant, you can go from being employed and able to support yourself to not knowing how you are going to keep yourself afloat. This is especially true if you are one of the 78% of Americans who are living paycheck-to-paycheck.
While it may be tempting to crawl into bed, pull the covers over your head, and wish your problems away, you can’t afford to do that. The steps you take after losing your job can determine how quickly you can get back to work and regular paychecks.
If you are out of work and are wondering you should do next, here are a few helpful tips for what to do when you lose your job.
File for Unemployment
The first thing to do after losing your job is to file for unemployment. You can file a regular claim or ask about any extra benefits if you have been impacted by the COVID-19 pandemic. You can read more about the Lost Wages Assistant program to see if you qualify.
Create a Financial Plan
After getting fired, it’s important to create a financial plan. Create a bare-bones budget and account for any savings or unemployment you will receive. Managing your finances is essential after you have lost your job.
Update Your Resume
If you are wondering what to do when you get fired, consider updating your resume. You will be applying for work so having an updated resume is key. Make sure to list relevant experience, use keywords that will help you get noticed, and optimize your job descriptions.
Refresh Your Social Media
Today, your social media is just as important as your resume. Hiring managers will look you up online and use your social media profiles as a determining factoring during the hiring process. Update your social media and remove anything that might negatively affect your chances.
Refresh Your Interviewing Skills
While you are on a job hunt, consider refreshing your interviewing skills. You may have to interview several times, so you need to make sure your skills are polished and effective. Look online for common interview questions and other tips that will help you prepare.
Make Finding Work Your New Job
While losing your job can be emotional, you need to set your emotions aside and make finding work your new job. Aim for submitting 5-10 applications a day to give yourself a good start. With time and effort, you will find a job sooner rather than later.
This Is What to Do When You Lose Your Job
By reading this guide, you will know what to do when you lose your job.
Start by filing for unemployment and creating a financial plan. You should also update your resume, social media, and refresh your interview skills. From there, make getting work your priority and keep at it until you are employed.
Follow these tips if you suddenly find yourself out of work.
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