(ARA) – Losing your job is tough. But in the midst of a recession, rebounding and finding new employment is even harder. While building a resume and making connections are a priority, the first issue most people should address is money.
The following checklist from Thrivent Financial for Lutherans, a not-for-profit financial services organization, provides some immediate tips to stay financially afloat after a job loss.
* Draft a survival budget
Anticipate that you’ll be out of work for at least six months.
* Make sure you and your dependents have health insurance coverage
It may be least expensive to join your spouse’s plan, if that’s an option. If not, look into COBRA coverage through your former employer.
* Examine credit card debt
Contact your credit card company about lowering your interest rate. For help managing your debt, learn about Thrivent Financial Bank’s Debt Savvy program at thrivent.com.
* File for unemployment benefits
You have a right to receive benefits you’ve paid for. Rules may vary by state.
You can find additional tips on job interviews, information on job boards and networking, sample resumes and more, including money tips for after you land a job at Thrivent Financial’s Web site www.thrivent.com/jobchange.