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Losing My Job?

I know I will become unemployed next year. Possibly in the spring. There will be no severence package from my employer. Besides obvious things like avoiding major purchases, lowering holiday buget, etc. Any ideas of what I should be doing to prepare for this financially? I have no credit card debt, my mortgage and auto loan are less than $15k. I have a 401k but will not be old enough to draw on this without penalty. I have basically nothing in a regular savings, no liquid assets. Because of health issues, I have to have medical insurance and will have to COBRA on my medical insurance (about $350 a month). Any suggestions? I don't know when this job will end. Sometime next year. I can't expect a new employer to keep a job open for me possibly for months. And I know I will have to take a huge cut in pay so I'm not willing to quit this job before it ends. I'm thinking I posted this in the wrong category. I know I need to get another job. What I'm asking for is suggestions to plan financially for either the time between jobs or the drop in salary.

Public Comments

1. start looking for a job now...if you know when you are gonna be unemployed, tell the prospective employers your situation and if they think you are a good employee they will wait until you are unemployed to hire you...
2. Either get a different job now or try to before your present job disappears. Don't feel obligated to them because they're going to chuck you out the door anyway. You need to take care of yourself first. Cut out all extra spending and reduce everywhere else and start saving cash money for when you're unemployed. Hopefully they won't try to fight unemployment, which isn't hardly enough to keep a gnat fed. COBRA will more than likely eat up most of your unemployment money. I know it does mine.
3. Well that sucks that you will be losing your job... but you know what? you gotta do what everybody does when they lose a job... GET A NEW ONE.. what helped me find a job fast was a job agency... Now a days looking for a job on your own is very hard.. atleats here in the big city that i live in.. so look for a job agency in your hometown and apply with them and they will help you get a job in no time.. im sorry for your lose but its life and it happenes to everyone... has a matter a fact my boyfriends sister lost a great job yestruday that she was with for years!! but it happenes