Recession Hits Home- I think I’m going to lose my job
I’ve been putting this off for a few days, but it’s inevitable, and the sooner I write about it, the sooner I can come up with a plan. On Friday, the financial institution I work for was purchased by another bank. The only problem? The bank has many branches already existing in the area I work. The odds they’re going to shut down my branch (and leave me without a job) are very high right now. It makes me sick to my stomach to think of this, but I need to come up with a plan, and make sure I can execute it.
No spending month is going to be no spending ever. Well, really we can’t do that, but we can make sure we’re not spending money on things we don’t need. I think doing the no spending month has prepared me in many ways to cut back, and it’s also taught me a lot about what I can do instead of spending money, and how little things we actually need. We’re just going to have to be really careful, and I’m hoping that we can make it on Mr. Money’s income. Of course, I’ll have snowflake money (that I usually use to pay off debt), and I can try harder to make money online, and that should definitely help. I’ve been trying to sell things on craigslist and ebay, but haven’t had much success with that.
The market is going to be saturated with people looking for new banking jobs. With the amount of branches that I’m anticipating will be closing, it’s going to be really hard to find a new job in my field. I am thinking about going back to school for nursing, but I don’t want to take out more student loans. I’m going to wait and see what happens before I decide to go back to school.
This is going to allow us the opportunity to see if we can really live on one income. I’ve always wanted to stay at home when we have children, and this is going to be our trial run. I’m nervous but glad we’ve got our emergency fund, and you bet that any extra money I find in the next few months will be going straight into our emergency fund.
I never thought this was going to happen. I thought our bank was safe, I thought my job was safe, I thought I would retire from this company. I’m really let down, but I’m going to make the best of this situation.
Do you have any advice for me? What would you do if you were in my shoes?