Ouch.
I’m hoping he can find something else quickly so we don’t have to move out. We can’t afford the house we’re renting on what I make online right now. If I still had my peak earnings, we’d be doing all right, but for now, no.
I’ve been thinking on what we can do. COBRA coverage, while expensive, at least takes care of the health insurance issues for now. If this turns out to be an extended thing, we’ll have to look at other options.
I’m also thinking it’s time he looks at some of the options he’s been procrastinating on. I posted a long time ago about voiceover work, and he was interested. Maybe now? Not like there’s much to lose.
The company is at least providing some resources to help him look for a new job. But I know a lot of companies are downsizing right now, so this will probably be pretty tough.
OUCH! Ugh. Are temporary work (through a temp agency) or unemployment wages (due to the layoff) an option? I know sometimes UE can take a while to start but it’s better than nothing coming in.
Besides, Murphy’s Law says that by the time it kicks in, you usually have a new job. *wink* So maybe it’s a way to make that pop up…at least that’s what has happened to me in the past. LOL
I’ll be hoping for the best for you guys. Good luck!!!
He has some severance pay as well as back vacation pay. That will certainly give us some time, and yes, I will be having him look into unemployment pay.
Oh no! I know exactly how that feels. You sound very positive about the situation which is very good. I hope your husband finds something right away and looks at all of his options.
Unfortunately I know exactly how you feel - in 2006 my husband lost his job -twice - in one year. After 23 years of straight employment it was indeed a shock. My first and best piece of advice is - don’t panic! I tried to turn it into a learning experience. I read everything I could on budgeting, etc. and learned a lot and use many of those ideas and tips still even though my husband is now employed.