I was grateful for the kick-in-the-pants to finally go it alone.
#AskFarnoosh: “I got laid off. Now what?”
This scenario happens to the best of us. When I got laid off in 2009 it was in the thick of the financial recession. My chances of finding another position similar to the one I’d lost (and with a similar salary) were slim. It was then that I decided to do the inevitable – join the ranks of the self-employed. I’d pondered making the move several months prior, always too frightened to quit my job and make the leap. How would I afford health insurance? What if I didn’t make money for several weeks or months?
Now with a pink slip in hand, the decision had been made for me. And I was grateful for the kick-in-the-pants to finally go it alone.
I was fortunate to receive about four weeks of severance. I also had a savings cushion to pad my bank account for several months, as well.
Still, I had to follow many of the following steps to get my financial ducks in a row and avoid falling behind on bills.