Finance Friday: How to Bounce Back from a Job Loss

Finance Friday-How to Bounce Back from a Job Loss

If you know someone who has recently lost his or her job, the worst thing the person can do is allow this temporary situation to crush her confidence. She’s not the first person to ever lose a job and she probably won’t be the first to find another one. However, if she concentrates on her most important priorities, she’ll be able to get through this. Here are some tips to help anyone bounce back from a job loss.

Stay Positive

While it is true that losing a job hurts in a very personal way, you can’t afford to take it too personally. Remember that you are not defined merely by what you do. You will face many setbacks in life and the biggest reason in whether you succeed will be how you choose to interpret them. If you view the situation as proof of your inadequacy, you’re unlikely to pursue your job search with much vigor.

Focus on the Future

Don’t spend too much time dwelling on the past and how things could have turned out. Nothing good comes of wallowing in anger and self-pity, especially when you should be focused on the future. Instead, think about what you need to do to get your life back on track and improve your chances of getting another job. Budgeting and networking should be your top priorities while taking care not to abuse your credit cards. You’ll need to manage your expenses carefully and rely on your relationships with others to inform you of any job opportunities they hear about.

Finance Friday- Bounce Back from a Job Loss by eating healthy

Take Care of Your Health

Sure, it’s easier to sit on the couch and watch TV with a bag of chips or carton of ice cream, dwelling on your problems. Unfortunately, they won’t get any better that way. The best way to improve your mental and emotional resilience is to work on your physical resilience. This means exercising regularly and eating foods that can give the necessary nutritional support to continue doing so. It also means drinking more water and consuming less soda and junk food. Remember that the more you exercise and the better you eat, the more immune you become to the ravages of stress.


Taking care of yourself has a direct link to your health. Check out this post to learn more. Good financial management and care for the soul

Tap Your Network

Make sure to tell everyone you know about your situation, as hard as it may be. The more people you tell, the more likely it is that someone will come to you with a lead on a job. Keep this in mind even when you do find another job, so you won’t find yourself taking anyone in your social circle for granted.

Plan Your Job Search

Plan your job search before you begin filling out applications, so you’ll know exactly what you’re looking for. If you’re looking for a job in the same field, you probably have a good idea where to start looking. On the other hand, if you’re planning a career change, this might be the best chance you’ll have at making it happen. This would be the best time to start looking into schools, financial aid, and jobs with flexible work schedules.

The most important thing to remember is that losing a job isn’t the end of the world. While employing the tips above won’t guarantee that you’ll find work right away, they can help set you up for success and keep you on the right track. Remember that giving in to anxiety and depression is more likely to hurt your chances of success.   

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Jenny is a freelance writer who enjoys writing about finance, health, and wellness. She also enjoys reading and long walks on the beach. Thanks so much for sharing your insight on self-care.

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