01(k).Workers should avoid taking money out of a 401(k) plan, as they could lose a large portion as taxes and penalties. Also the amount with drawn is added to their income possibly push them to a high tax bracketabout 1 year ago
Calculate how much money the company owes you in unpaid salary, vacation time, bonuses, etc Check the math on your final pay stub to make to tally it with your calculation and all expected items are properly accountedabout 1 year ago
Pay minimums on ALL debt, nothing extra. It is important not to get behind with storm clouds on the horizon, so continue to stay current on all debt accounts.about 1 year ago
Negotiate. When you get your pink slip, negotiate as many benefits as you possibly can before your exit interview is over. Don’t be satisfied to just get a promise of a good reference and any unpaid vacation. about 1 year ago
Pile up cash in an emergency fund. Using the debt snowball amount you were previously paying on that smallest debt as a starting place, throw every single dollar you can find in an emergency fund.about 1 year ago
Start looking for a job immediately The first benefit here it is a lot easier to survive a layoff when you know that you have a job lined up. The sooner you start looking for a job, the sooner you will find something.about 1 year ago