11 Things to Do When You’ve Lost Your Job

There’s no doubt about it: it sucks when you’ve lost your job. Job loss is stressful under normal times, and even more so with everything going on right now. We’re living in some unusual times, to say the least.

So what can you do when you lose your job?

First, whether or not you have emergency savings to fall back on, tuck any scary feelings you may be having now away for the future. Because you can use them later to completely change your life for the better.

(Long term unemployment was what got me off the path of debt to a very positive place. I used how I felt during that time as motivation to do everything I could to never be in that position again.)

I won’t lie to you: Dealing with job loss is going to be hard. But you can get through it.

Meanwhile, what can you do in the short term if you’re in the US? Here are 11 things to look at doing when you’ve lost your job.
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Surprise! Today Will Be Your Last Day at Work

Suppose you found out that today was going to be your last day of work for the foreseeable future — maybe even for a couple of years. Would you panic, celebrate, or something in between? (Financially speaking, that is.)

While you may not be planning on leaving your job today, that kind of situation is exactly what happens to many people each year due to layoffs or other circumstances. Which makes it smart to think about what kind of shape you’d be in if it happened to you.
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Why Millionaires Drive Old Cars

Ever wondered why millionaires drive old cars? The Millionaire Next Door famously states that “Only a minority of [millionaires] drive the current model year automobile.” And about 33% of those millionaires-next-door only buy used cars.

At a glance, it may be hard to understand why they’d choose to drive an old car, or to buy a new car and then hang onto it for years instead of replacing it regularly.

“If I were rich,” you might think, “I’d drive a really nice new car.”

After all, you’d think a millionaire could afford a brand new car. So why not get the latest and greatest?
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