This post is designed for anyone who has recently been made redundant or those facing redundancy and those wanting to avoid redundancy.
Are you prepared to deal with a financial shock? 💥😱
These are traumatic life changing events that can shake your whole world and lifestyle right to the core. It may have a seismic impact on your standard of living and can lead to a chain of further after shocks if you are not prepared.
Today we tackle ‘Surviving Job Loss’ more commonly known as ‘Surviving Redundancy’ but basically a surviving a sudden loss of income.
This can leave you in a financially vulnerable position.
With the economy or tipping into recession last month and back out this month we have already seen a number of large companies announce mass redundancies as companies try to trim their costs. As inflation stays sticky there might be more to come.
How would you fare if this was you? You need to plan to ensure you can pivot quickly in the event of an unexpected redundancy.
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