Preparing for a Job Loss Maspeth NY

Businesses are closing their doors, salaries are being cut and 401k matches are a thing of the past. But as credit remains tight and consumer spending slows there may be even more job losses still to come.

Local Companies

State of Alaska Unemployment Insurance
(212) 252-2557
1133 Broadway
New York, NY
State of Ny Unemployment Insurance Services
(212) 352-6632
345 Hudson St
New York, NY
Alliance Computing Solutions
(718) 661-9771
3660 Main Street
New York, NY
United Government Svcs
(914) 696-1233
4 W Red Oak Ln
West Harrison, NY
Bolla Management Corp
(718) 758-0900
1412 E 31st St
Brooklyn, NY
State of Ny Unemployment Insurance Div
(212) 352-6982
110 King St
New York, NY
State of Ny Unemployment Insurance Tax Services
(212) 510-2830
75 Broad St
New York, NY
Unemployment Action Center
(212) 998-6568
7 E 12th St
New York, NY
Ald Management Services Inc
(718) 429-1469
5428 73rd Pl
Maspeth, NY
Foote Howard S CPA
(518) 449-3166
66 State St
Albany, NY

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In today’s uncertain economy no one’s job is safe.  Businesses are closing their doors, salaries are being cut and 401k matches are a thing of the past.  But as credit remains tight and consumer spending slows there may be even more job losses still to come.  If you think your job may be in jeopardy then you need to start taking action today so you’re prepared when unemployment strikes.  Here are seven ways you can prepare for job loss.


1. Increase your cash reserve. 

The old adage says you need three to six months of living expenses set aside as your cash reserve.  (Three months if there are two income earners in your family and six months if there’s one.)  But in today’s economy, that’s not enough.  With the job market as slow as it is you should add at least two extra months to your cash reserve, which means you should have five to eight months of living expenses saved up at a minimum.


2. If you have two income earners in your family, practice living off only one income. 

Practice living only off the income provided by the job that is most safe.  Consider the second income “a bonus” while it lasts and use it to bolster your cash reserve.  This will require changes in your lifestyle and it’s best to start making these changes now so you can see what works for your family and what doesn’t.  This will go a long way toward preparing you for

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