NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Gleammour AquaFresh
NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Home Local News Navigating Self-Care and Financial Stability After a Layoff

Navigating Self-Care and Financial Stability After a Layoff

How to take care of yourself and your finances when you've experienced a layoff
Up next
'Shiny Happy People' Season 2 Is Coming to Prime Video, But Don't Expect More Duggar Family Revelations
Exciting News: Season 2 of ‘Shiny Happy People’ is Coming to Prime Video, Without Further Duggar Family Insights
Published on 23 June 2025
Author
NewsFinale Journal
Share and Follow
FacebookXRedditPinterestWhatsApp


NEW YORK – Recent layoffs from technology and media companies and government agencies might have you thinking about job security.

Losing your job is a difficult thing to process and you might feel the impact in several parts of your life. But there are things you can do to alleviate some of the stress and anxiety.

If you’ve been laid off, experts recommend that you first take a moment to process and then move on with a plan for your job search.

“A layoff can feel so personal but it’s not a reflection of your value or what you contributed. Especially in the U.S., the work we do is so tied to our identity,” said Lindsay Bryan-Podvin, a financial therapist.

Here are some expert recommendations to help you take care of your finances and your mental health if you’ve lost your job:

Take a break to process

Losing your job can cause a lot of stress and financial anxiety, so it’s important that you take time to emotionally process.

“Acknowledge and normalize that they’re going to feel a range of emotions, whether it’s anger or sadness,” Bryan-Podvin said.

Whether you are feeling sadness, shock, anger or even relief, taking a moment to feel those emotions can help you move forward.

Review your current financial situation

To make plans for the future, it’s essential that you review your current financial situation, said career coach Marlo Lyons.

If you have a budget, take a closer look and review whether you have expenses that you can temporarily cut to save money. Lyons recommends that you know how long your severance package will last if you’re receiving one.

Applying for unemployment benefits as soon as possible can help alleviate some of the financial stress of a layoff. While the amount you get for unemployment might not be as much as your salary, it can help you to stay afloat for some time, Lyons said.

The Labor Department has tips on applying for unemployment.

Remember that you are not your job

Getting laid off from a job can affect your self-esteem, so Bryan-Podvin recommends that you create a list of good qualities about yourself that add to your overall value as a person. Bryan-Podvin calls this a “non-financial asset list.”

“If I were doing a non-financial asset list on myself I might say I’m a pretty good partner and a fun aunt,” she said.

When working with her clients, Bryan-Podvin recommends that they create this list to remind them that their self-worth is part of their net worth.

Adjust spending

If you lose your job, you’ll need to be more strategic about your spending, said Jesse Mecham, founder of the money management app YNAB.

“In a layoff, it becomes even more imperative that you treat every dollar with more attention than you have in the past,” Mecham said.

Part of YNAB’s budgeting strategy is giving each dollar a job, whether it is to pay rent, buy groceries or add to your savings account.

When adjusting your spending, Bryan-Podvin also recommends that you approach this with some compassion. Since cutting back can bleed into not doing activities that make you happy, she recommends reminding yourself that this is a temporary pause rather than a permanent change in your lifestyle.

Avoid overusing your credit card

While utilizing your credit card to pay for some expenses is almost inevitable, it’s best to not completely lean on credit while you’re searching for a new job.

“If getting a new job takes them a little longer than they thought, that credit card has just become an anchor for them,” Mecham said.

Even though unemployment is temporary, Mecham recommends cutting expenses rather than keeping them at the same level and leaning on credit.

Find community resources

Look for community resources, whether that means finding a food bank near you or applying for a temporary hardship program.

“Lots of communities offer temporary hardship programs when it comes to necessary bills, such as electricity or water,” Bryan-Podvin said.

USA.Gov offers a benefit finder where you can find available programs and how to apply.

Approach your job search with a plan

As you are applying to new jobs, Lyons recommends that you take some time to assess if your professional goals are still the same.

If you’re continuing in the same field, Lyons recommends that you make your resume “forward-looking,” which means showing your future employer what you can do, not just what you have done.

“You want to show the employer what you can do, what unique value you can bring to that particular job that no other candidate can bring because of your previous experience,” Lyons said.

Lyons also recommends that you activate your network by reaching out to past colleagues on LinkedIn or attending industry networking events. Online certifications are another great way to make yourself a better candidate, she added.

Create and maintain a routine

Having a routine can help you take care of your mental health and keep a cadence of applying to jobs.

Plan your days so they include eating at your usual time, exercising and applying for jobs for a specific amount of time.

“When we are laid off, unemployment can feel really aimless, especially if it came at us kind of out of nowhere,” Bryan-Podvin said.

It’s also important to avoid isolating yourself and lean on your support system for emotional support, she added.

___

The Associated Press receives support from Charles Schwab Foundation for educational and explanatory reporting to improve financial literacy. The independent foundation is separate from Charles Schwab and Co. Inc. The AP is solely responsible for its journalism.

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Share and Follow
FacebookXRedditPinterestWhatsApp
You May Also Like
NATO leaders gather Tuesday for what could be a historic summit, or one marred by divisions
  • Local News

On Tuesday, NATO leaders will come together for a summit that may be remembered as a significant event or one marked by disagreements.

THE HAGUE – U.S. President Donald Trump and his NATO counterparts are…
  • NewsFinale Journal
  • June 23, 2025
Urbana pool manager offers tips to stay safe amid high temperatures
  • Local News

Advice from Urbana’s pool manager on how to stay safe during hot weather

URBANA, Ill. (WCIA) — With the extreme heat wave Central Illinois is…
  • NewsFinale Journal
  • June 22, 2025
Satellite photos show impact of bombing at Iran nuclear sites
  • Local News

The aftermath of the bombing at Iran’s nuclear sites captured in satellite images

(NewsNation) — Newly released satellite imagery shows damage to three nuclear sites…
  • NewsFinale Journal
  • June 23, 2025
1 dead, more injured in shooting near South Carolina Juneteenth event
  • Local News

1 person killed, several others hurt in shooting close to South Carolina Juneteenth celebration.

ANDERSON, S.C. (WSPA) – One person is dead and at least nine…
  • NewsFinale Journal
  • June 23, 2025
Iranian missile fired after US strikes causes heavy damage but few injuries in Tel Aviv
  • Local News

Tel Aviv suffers heavy damage from Iranian missile after US attacks, with few injuries reported

TEL AVIV – Hours after the U.S. struck three Iranian nuclear sites,…
  • NewsFinale Journal
  • June 22, 2025
Arnaldo Pomodoro, whose bronze spheres decorate prominent public spaces around the world, dies at 98
  • Local News

Arnaldo Pomodoro, the artist known for his bronze sphere sculptures displayed in iconic public areas globally, passes away at the age of 98

ROME – Arnaldo Pomodoro, one of Italy’s most prominent contemporary artists whose…
  • NewsFinale Journal
  • June 23, 2025
Iran reports new attack at Fordo nuclear site, Tehran prison
  • Local News

Iran reports new attack at Fordo nuclear site, Tehran prison

DUBAI, United Arab Emirates (AP) — Iran’s underground enrichment site at Fordo…
  • NewsFinale Journal
  • June 23, 2025
Support for solar energy and offshore wind falls among Democrats and independents, AP-NORC poll says
  • Local News

A survey by AP-NORC shows a decrease in backing for solar power and offshore wind among Democrats and independents

Americans’ support for green energy tax credits and renewable energies like wind…
  • NewsFinale Journal
  • June 23, 2025
Tallulah Willis shares new pics with dad Bruce after heartbreaking update about his health
  • US

Tallulah Willis posts new photos with her father Bruce following a sad update about his well-being.

Tallulah Willis shared new photos of her dad, Bruce Willis, after her…
  • NewsFinale Journal
  • June 23, 2025
I worked with Noel Edmonds in New Zealand on the set of his new ITV documentary - here's what he's REALLY like when the cameras stop rolling
  • AU

My Experience Working with Noel Edmonds in New Zealand for His New ITV Documentary: Revealing What He is Truly Like Off-Camera

A woman who worked with Noel Edmonds on his new documentary has…
  • NewsFinale Journal
  • June 23, 2025
Russia ready to help Iran: Kremlin spokesman
  • News

Russia ready to help Iran: Kremlin spokesman

Russia stands ready to help Iran in the ongoing conflict in the…
  • NewsFinale Journal
  • June 23, 2025
Iran unleashes new wave of Operation True Promise 3
  • AU

Iran initiates a fresh phase of Operation True Promise 3.

Israel hit Iranian government targets in Tehran on Monday in a series…
  • NewsFinale Journal
  • June 23, 2025
NewsFinale Journal
  • Home
  • Terms and Conditions
  • Sitemap
  • DMCA
  • Advertise Here
  • Donate