Preparing for a Job Loss New York 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
Business Communications Management
(212) 661-5566
228 E 45th St
New York, NY
Es Business Consultants
(212) 694-7989
1989 Amsterdam Ave
New York, 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
Wise Norman & Co Inc
(212) 759-8900
18 E 48th St
New York, NY
Dg Business Management Inc
(646) 495-3077
909 3rd Ave Fl 5
New York, NY

Provided by:

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

Click here to read the rest of the article at YoungMoney.com.

Related Articles
- Financial Statement Creation New York NY
In every business, financial statements and financial statement creation are important in making it successful. A good financial statement will allow you time, cut down on extra unneeded paperwork, and it will be much easier when tax season approaches. Financial statement creation can also be helpful when more than one business partner is involved so all financial items are in one place for everyone to see.
- Avoiding Mistakes in the Forex Market New York NY
- Steps for Working with Mortgage Lenders New York NY
- How to Use Stop Losses in Swing Trading New York NY
- Why To Have Instant Stock Market News New York NY
- Foreign Currency Trading New York NY
- Tax Reporting New York NY
- Tax Preparation Timeline New York NY