The feeling of losing your job can be overwhelming.
You're sinking, you don’t know how to face the world, stressed over piling bills or not wanting to leave the couch.
What you do in the next two months is crucial to your future success, so take back control with these seven tips and learn to excel again. Think of it as a time to revisit your career goals. You have the chance to decide whether you want to return to a similar role or try an entirely different path.
1. Know your financial standing
The first step to getting back on track is being aware of how much money you have. Write down your total savings, any funds your previous job may owe you and every expense you will have to cover over the next eight weeks. This includes mortgage or rent payments, loans, vehicle operating costs, home maintenance and groceries.
Call all your friends who owe you money and ask them (nicely) to pay up. Do your tax return if you haven't gotten around to it there as you might have some tax back owing to you from the tax department which could really help.
Related: How to get back on track with your mortgage repayments
2. Begin to budget
A simple excel spreadsheet, online budget planner or app can help track your bills and limit spending habits. Now that things are tight, you're going to have to cut back. While this may seem drastic, remember this is only temporary.
3. Update your CV
It's probably the last thing on your mind right now, but updating your CV is key to scoring new employment. Look for temporary or part-time positions by submitting your name to an agency and scouting local businesses. It's a great way to gain extra cash while you look for a more desirable permanent position. Update your LinkedIn profile too so potential employers can find you.
Related: 50 Ways to Reduce Your Power Bill
4. Resist your plastic
It's exceedingly tempting to throw impulse purchases on your credit card. It's even easier to forget about the mounting interest you will have to pay back in the long run until you can get ahead financially. If at all possible, avoid adding unnecessary items on your card.
5. Clean out and sell up
You might be able to make some spare cash by selling things you no longer need or want. Surf boards, golf sticks, bicycles, books and unwanted Christmas presents can all go on eBay, even broken items can sometimes sell for spare parts. Gather everything you can sell and use the spare time to become an eBay wizz.
Related: How to sell stuff on eBay successfully
6. Government assistance
Talk to the Department of Human Services (Centrelink) as soon as possible to determine whether you're eligible to receive a benefit payment. Bear in mind that some benefits have waiting periods that must be served, depending on your individual circumstances.
7. Increase your skills
Whether it's a requirement of receiving a government benefit or you simply want to increase your hiring chances, it's worth undergoing training or studying to acquire new skills. Whatever your reason, self-improvement, additional knowledge and experience only makes you more employable.
8. Sort out your super
You could be entitled to receive benefits from your superannuation fund if you were retrenched, so carefully read your terms. Also find out how long you have to change your payment arrangements before insurance coverage ceases. Make sure to find any lost super you might have floating around in other forgotten funds and check your super account to see if you are paying any unnecessary management fees.
Related: How to be happy in a rotten job
You always have options to get out of your current situation and arrive at where you want to be. You may not be able to control a potential employer's hiring decision, but you can certainly put your energy to good use.
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