Comments on: Recession Hits Home- I think I’m going to lose my job http://ultimatemoneyblog.com/recession-hits-home Wed, 08 May 2013 13:26:47 -0700 hourly 1 http://wordpress.org/?v=3.0.1 By: Retirement Plan Changes | Save Green and Live Green! http://ultimatemoneyblog.com/recession-hits-home/comment-page-1#comment-14405 Retirement Plan Changes | Save Green and Live Green! Fri, 11 Sep 2009 00:47:55 +0000 http://ultimatemoneyblog.com/recession-hits-home#comment-14405 [...] since the bank I work for was bought out by another bank, there have been changes occurring. I knew that there would be, as change is inevitable. Some of [...] [...] since the bank I work for was bought out by another bank, there have been changes occurring. I knew that there would be, as change is inevitable. Some of [...]

]]> By: My Position is Being Eliminated | Save Green and Live Green! http://ultimatemoneyblog.com/recession-hits-home/comment-page-1#comment-11637 My Position is Being Eliminated | Save Green and Live Green! Tue, 07 Jul 2009 22:03:57 +0000 http://ultimatemoneyblog.com/recession-hits-home#comment-11637 [...] in October, the bank I work for was purchased by another financial institution.  I was devastated.  I love the company I work(ed) for, and after being with them for 4 years, I [...] [...] in October, the bank I work for was purchased by another financial institution.  I was devastated.  I love the company I work(ed) for, and after being with them for 4 years, I [...]

]]> By: Outstanding Debt Update | The Ultimate Money Blog http://ultimatemoneyblog.com/recession-hits-home/comment-page-1#comment-4927 Outstanding Debt Update | The Ultimate Money Blog Tue, 30 Dec 2008 01:19:24 +0000 http://ultimatemoneyblog.com/recession-hits-home#comment-4927 [...] like that was a sound decision, because now there’s rumors that they will start converting my area first. Oh well. I’ve got an emergency fund, and that’s what it for: in case we need [...] [...] like that was a sound decision, because now there’s rumors that they will start converting my area first. Oh well. I’ve got an emergency fund, and that’s what it for: in case we need [...]

]]> By: Don't Compare your Finances to Others | The Ultimate Money Blog http://ultimatemoneyblog.com/recession-hits-home/comment-page-1#comment-3854 Don't Compare your Finances to Others | The Ultimate Money Blog Thu, 13 Nov 2008 00:20:56 +0000 http://ultimatemoneyblog.com/recession-hits-home#comment-3854 [...] a bad couple of weeks.  First I find out there’s a good possibility I’m going to lose my job, and with that comes losing my health insurance. I am a little stressed and I’m worrying a [...] [...] a bad couple of weeks.  First I find out there’s a good possibility I’m going to lose my job, and with that comes losing my health insurance. I am a little stressed and I’m worrying a [...]

]]> By: Frugal Anti Virus: Best or Bust? | The Ultimate Money Blog http://ultimatemoneyblog.com/recession-hits-home/comment-page-1#comment-3497 Frugal Anti Virus: Best or Bust? | The Ultimate Money Blog Sat, 01 Nov 2008 16:25:19 +0000 http://ultimatemoneyblog.com/recession-hits-home#comment-3497 [...] for me right now because I’m trying to save as much money as I can due to the possibility of losing my job. I can’t help but wonder where we keep getting viruses from, and if I’m not partly to [...] [...] for me right now because I’m trying to save as much money as I can due to the possibility of losing my job. I can’t help but wonder where we keep getting viruses from, and if I’m not partly to [...]

]]> By: Mrs Money http://ultimatemoneyblog.com/recession-hits-home/comment-page-1#comment-3494 Mrs Money Sat, 01 Nov 2008 16:00:46 +0000 http://ultimatemoneyblog.com/recession-hits-home#comment-3494 Miss M- Thanks for your comment! I think I'm just going to hang in there and see what happens. There's a chance the merger could take 23 months or so so I may be safe for a little while longer. I can't worry too much about it! ;) Miss M- Thanks for your comment! I think I’m just going to hang in there and see what happens. There’s a chance the merger could take 23 months or so so I may be safe for a little while longer. I can’t worry too much about it! ;)

]]> By: Kim http://ultimatemoneyblog.com/recession-hits-home/comment-page-1#comment-3452 Kim Fri, 31 Oct 2008 03:10:58 +0000 http://ultimatemoneyblog.com/recession-hits-home#comment-3452 Hello, I was laid of 6 weeks ago. I too worked for a large bank- 14 years. I thought I would retire there. I'm wondering if it's the one that purchased your bank. Thank God we are debt free except for the mortgage. I'm using this time (as one of the commentors stated) to read and determine what I want to do next. I wish you all the best! Stay encouraged. Hello,

I was laid of 6 weeks ago. I too worked for a large bank- 14 years. I thought I would retire there. I’m wondering if it’s the one that purchased your bank. Thank God we are debt free except for the mortgage. I’m using this time (as one of the commentors stated) to read and determine what I want to do next.

I wish you all the best! Stay encouraged.

]]> By: Miss M http://ultimatemoneyblog.com/recession-hits-home/comment-page-1#comment-3420 Miss M Wed, 29 Oct 2008 22:12:52 +0000 http://ultimatemoneyblog.com/recession-hits-home#comment-3420 That sucks, I've been "downsized" before and it's just a better term for out on your ass. I was in a better spot then, my monthly bills were low enough that I could live on unemployment. Now, with a mortgage, I'd be screwed. If it happens definitely sign up for unemployment first thing, there is usually a one week wait. Start polishing up that resume and looking around, even if you don't lose your job it doesn't hurt to see what else is out there. I used my unemployment to explore other interests, caught up on my reading and tried new hobbies. If you're thinking career change it's the perfect opportunity to go another direction or go back to school. My best friend worked in mortgage lending and got laid off in the spring, fortunately for her she was expecting her first child and was getting ready to leave the workforce for awhile anyway. Hope everything works out for you. That sucks, I’ve been “downsized” before and it’s just a better term for out on your ass. I was in a better spot then, my monthly bills were low enough that I could live on unemployment. Now, with a mortgage, I’d be screwed. If it happens definitely sign up for unemployment first thing, there is usually a one week wait. Start polishing up that resume and looking around, even if you don’t lose your job it doesn’t hurt to see what else is out there. I used my unemployment to explore other interests, caught up on my reading and tried new hobbies. If you’re thinking career change it’s the perfect opportunity to go another direction or go back to school. My best friend worked in mortgage lending and got laid off in the spring, fortunately for her she was expecting her first child and was getting ready to leave the workforce for awhile anyway. Hope everything works out for you.

]]> By: Mrs Money http://ultimatemoneyblog.com/recession-hits-home/comment-page-1#comment-3392 Mrs Money Wed, 29 Oct 2008 01:03:55 +0000 http://ultimatemoneyblog.com/recession-hits-home#comment-3392 Ashley- I've heard it can take around 23 months. I am just going to wait it out and see what happens. Thanks for your thoughts! :) Kacie- I sent you an email. :) Amber- Thanks for your comment! I think it would be a lot harder for me if I had kids. Funny about money- Thanks for the idea! I've got a friend that is a nurse, and I may try to network with her. FruGal- I would love to stay home, but I am worried about what others would think (aka my family). I want to ultimately stay at home when we have kids and now would be the (almost) ideal time to transition. Matt- thanks for stopping by! I think I am going to wait it out. Worst case scenario they will lay me off and I'll collect unemployment. I'm anticipating they'll hire me for their company. I've got to be optimistic! :) Ashley- I’ve heard it can take around 23 months. I am just going to wait it out and see what happens. Thanks for your thoughts! :)

Kacie- I sent you an email. :)

Amber- Thanks for your comment! I think it would be a lot harder for me if I had kids.

Funny about money- Thanks for the idea! I’ve got a friend that is a nurse, and I may try to network with her.

FruGal- I would love to stay home, but I am worried about what others would think (aka my family). I want to ultimately stay at home when we have kids and now would be the (almost) ideal time to transition.

Matt- thanks for stopping by! I think I am going to wait it out. Worst case scenario they will lay me off and I’ll collect unemployment. I’m anticipating they’ll hire me for their company. I’ve got to be optimistic! :)

]]> By: Matt @ MyFinancialRecovery.net http://ultimatemoneyblog.com/recession-hits-home/comment-page-1#comment-3383 Matt @ MyFinancialRecovery.net Tue, 28 Oct 2008 17:14:08 +0000 http://ultimatemoneyblog.com/recession-hits-home#comment-3383 I was lucky enough to have any time I needed for interviews prior to my only layoff. I suppose a branch closing is a bit different though. I hope it all works out for you. Also - if they close the branch down they may let you do the 're-apply' for your existing job with another branch thing they do sometimes. If they do you may not lose your job even if they do close the branch. I hope it all works out well for you, good luck! I was lucky enough to have any time I needed for interviews prior to my only layoff. I suppose a branch closing is a bit different though. I hope it all works out for you.

Also – if they close the branch down they may let you do the ‘re-apply’ for your existing job with another branch thing they do sometimes. If they do you may not lose your job even if they do close the branch.

I hope it all works out well for you, good luck!

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