In our COVID-19 career series, we have written about planning for a job loss. For example, see Job Status – What to Think About Right Now. In this post, we offer tools if you lose your jobs, with templates from Intuit Turbo.
Intuit Turbo’s Tools If You Lose Your Job
“There tends to be a stigma with job loss that makes it even harder for those who are suddenly unemployed to cope with their new reality. The statistics show that even before this year, 40 percent of Americans will be laid off at some point in their lives, for a variety of reasons. Sometimes it’s a matter of your company changing strategy or downsizing, but whatever the reason, losing a job is hard to anticipate and even harder to accept.”
“In most cases, especially in the wake of an unprecedented event like COVID-19, a job loss can be difficult to deal with. It’s understandable to not know what steps to take after an unforeseen event, and this is all the more true if employment options are severely limited. If your job has been affected by COVID-19, know that there are resources available to help you manage your finances through this unprecedented time.”
“When times are uncertain, focusing on what you can control can be a great way to stay grounded and positive.”
Here are three free templates from Intuit Turbo. Click the images to access them.
Budgeting
You can take this time to make sure your month to month spending makes sense for the long-term goals you want to achieve. For help cutting expenses, try our interactive spreadsheet here, or print out these budget prioritization sheets.
Self-Reflection
Use this time to look back on your job experiences to understand your favorite kinds of projects to work on. How your environment helped or hindered your productivity. And what you found most fulfilling. Were you in a career-driven job? Or did you realize that a career path simply isn’t for you? In that case, your dislikes can be just as strong indicators to what you’re really looking for.
Side Hustle
Are you someone who needs to feel productive or simply needs the extra income? The loss of a job may be the perfect time to start a side hustle. These days, many don’t even require you to leave your home.