Featured customers currently enrolled in a CareOne Debt Relief Plan, share journey to become debt-free; hear how they juggle family, finances, and more.
Every year, my husband goes through it. In his industry, every December we pace and bite our nails waiting to see if he "made the cut," literally.
Layoffs. They seem to be happening in many industries that used to be considered "stable." I don't know about you, but growing up I was always told by my very hardworking, middle-class parents that if you find a good company to work for and work hard for them, they will take care of you.
These days, with the economy continuing to struggle, it is hard to find a company that is able to live up to that ideal anymore. Layoffs are happening to industries and companies now that do not fit the "mom and pop," or private companies that seemed to have more potential for layoffs.
So, while I realize that the December ritual my husband and I have to go through may not be unusual by today's standards, it still doesn't make it any easier to go through. With that said, can you prepare for it? And how do you survive it? Is there such a thing as being safe from a layoff or working in an industry that is layoff-proof? Unfortunately, I think that there are no longer any 'safe' jobs or industries. Things have changed, it is a global market.
So, that means that we should all try to be as prepared as we can for the potential. Here are some resources on job loss and finding supplemental employment.
Working hard at getting out of debt is tough enough when you have a "stable" job and income, but throw in an unstable job or the prospect of losing one or both incomes, and facing debt or getting out of debt becomes downright frightening.
My husband and I prepare as best as we can each year:
The bottom line is we can prepare as much as possible, but can anyone really be prepared to lose their job?
This past year, my husband made it through the layoffs....again; but we both decided we were sick of going through this each year, so we took a risk. My husband elected to change careers. He will work within the industry he knows and is skilled in, but in a very different capacity.
It is a risk, but a risk we were able to take at this time. Only time will tell, but the payoff should be that each December we may have a little bit more peace of mind. I'm game for that...it beats waiting and wondering.
Have you or your family been impacted by job loss? What steps are you taking to prepare for the potential of a layoff or reduction in hours?
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Katie (Simmons) Lupo
Katie is currently enrolled in the CareOne Debt Relief Services Debt Management Plan (DMP). You can read more about Katie's experience in the My Journey out of Debt blog. In her blog, Katie explores life without credit cards, living on a 'real' budget and making that adjustment from spender to saver. A newlywed, Katie candidly addresses how debt has influenced her choices in love and life. Look for older posts by Katie under the Single and Settling In blog. Compensated Blogger for CareOne Debt Relief Services.
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