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Manage your money<br />
Once you know what you’re<br />
entitled to (and when you’ll be<br />
paid), it’s worth working out a<br />
budget. It’s not something we<br />
like to think about, but there’s<br />
no guarantee how quickly you’ll<br />
be able to find a new position.<br />
Thoughtfully managing your<br />
finances can be key to reducing<br />
feelings of stress and worry.<br />
Are there any areas you can cut<br />
back on – subscriptions you don’t<br />
need? Could you save money<br />
by switching bill providers or<br />
changing mobile tariffs? Small<br />
changes add up and go a long way.<br />
Remember to check if there are<br />
any benefits you may be entitled to<br />
– Jobseeker’s Allowance, Universal<br />
Credit, or an Employment and<br />
Support Allowance. Charity<br />
Turn2Us offers more information,<br />
plus an easy-to-use calculator to find<br />
out what you might be entitled to.<br />
If you’re worried about credit<br />
card debt, loan payments, or bills,<br />
Citizens Advice can be one of the<br />
best places for guidance. But it’s<br />
also worth checking any existing<br />
insurance policies to know where<br />
you stand with mortgage or loan<br />
repayments.<br />
Try not to take it personally<br />
A big part of the redundancy<br />
process is understanding what’s<br />
happening and why. It can help<br />
to acknowledge that the decision<br />
isn’t personal – there’s a logical,<br />
commercially-driven decision<br />
behind what’s happening.<br />
Losing your job can be extremely<br />
stressful, but you aren’t alone.<br />
You may not have control over<br />
losing your job, but you are able to<br />
control how you deal with that loss<br />
and move forward.<br />
Be open and honest<br />
Speaking with your loved ones can<br />
be a crucial part of the redundancy<br />
process. If you’re in a relationship,<br />
it’s important to be as open and<br />
honest with your partner as you<br />
can. Together, you can tackle any<br />
financial or emotional worries; you<br />
don’t have to face these alone.<br />
You have nothing to be ashamed<br />
of; redundancy can happen to<br />
anyone, at any time – it isn’t a<br />
reflection on your work ethic, the<br />
quality of your work, or you as<br />
a person. Loved ones can offer<br />
support and guidance through this<br />
tough time. But if you don’t feel<br />
ready to talk yet, that’s OK too.
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