Here’s How To Stay Financially And Mentally Strong After A Layoff

Losing a job can be tough. It may put a dent in your wallet and self-esteem. Suddenly, you have to deal with less money as you figure out the next steps for finding a new job. The situation isn’t easy, leaving you to wonder how you can feel good about yourself through all of this.

One way to stay strong is to see your layoff as a new beginning. It’s a chance to find new opportunities and bounce back while dealing with this stressful situation.

1. Give Yourself Time To Process

After a layoff, understanding and accepting what has happened is important. It’s OK to feel upset or confused and allow yourself to soak into your feelings. When you take this time to process the situation and let your emotions come through, you often feel better. It can give you a sense of renewal, making it easier to bounce back.

Know that you’re not alone in this situation — there were 5.3 million layoffs in January alone, according to the Bureau of Labor Statistics. Many use this time to stay focused on their feelings so they’re ready to face new challenges and opportunities that come their way.

2. Use This Time To Decompress

You’ve worked long and hard hours, so you deserve to use this time to take a break. It may be tempting to start looking for new positions immediately. However, allowing yourself to decompress and meditate after the first few days of a layoff can be a great way to destress and recharge.

Doing so can give you a fresh perspective — it may feel like you’re hitting a reset button on your work life. It can also give you a new approach to your job search through a clear mind and a renewed sense of purpose.

3. Consider A Career Change

Consider your layoff as a sign that maybe it’s time for a career change. Ask yourself whether you were truly happy in your position. Did it set your soul on fire or were you too comfortable there? Many stay where they are because fear can prevent them from moving forward. However, a career change can have many benefits.

In fact, 39% of workers have considered it because they can receive a higher salary. Plus, it can help you find something that makes you feel more fulfilled. It’s the perfect time to explore new possibilities and discover a better job for you.

If you are considering a change of career you may need to do some online learning to get the extra qualifications you need to pursue this new direction. It’s not always easy to learn new things as an adult and you may benefit from the help of an online tutor from Tutor Hunt. This extra support will aid your learning journey and further develop you with the skills you need to go after your dream job.

4. Reflect On Your Self-Worth

Remember that your job doesn’t define your value. It’s easy to feel down about yourself after a layoff. However, your worth goes beyond your work. Consider reflecting on your talents, the good things you’ve done and the people who appreciate you.

This can help you rebuild your self-esteem and reduce some of the pressure to find another job quickly. Consider what you enjoy and all the talents you possess. This time for reflection can guide you toward what you want to do next and remind you of your strengths and abilities.

5. Look To Words Of Affirmation

Affirmation quotes can be a powerful tool to boost your confidence and keep your spirits high during tough times. Positive affirmations remind you of your strengths, resilience and ability to overcome challenges.

Start your day by telling yourself things like “I will find a job that suits me,” or “I am resilient in the face of adversity.” These positive statements may shift your mindset from doubt to confidence, making it easier to find new opportunities with optimism.

6. Assess Your Finances

Looking closely at your finances is key to handling stress and anxiety. Start by determining how much money you have, including any savings and severance pay. Then, list all your expenses to see where your money goes each month.

Now is a good time to create or adjust your budget. Focus on your needs first and cut back on things that aren’t important right now. With a plan, you’ll manage your money better and ensure you can cover everything while looking for a new job.

7. Create A Plan

Developing a plan is an excellent way to move forward after a layoff. First, you must set a clear objective for your job search. Your plan could include:

  • Updating your resume.
  • Practicing interviewing skills.
  • Taking courses to learn something new in your field.
  • Setting daily or weekly job application targets.

Ensure you break these goals into more manageable tasks and create a schedule to help you stay on track.

Becoming Resilient After A Layoff

Keep your layoff from sending you into a downward spiral. Instead, consider it an opportunity to work on something new and exciting. By taking time for yourself and planning, you can be ready for whatever comes your way.

Written By
More from Mia Barnes
4 Reasons To Get Your Flu Vaccine This Year
Each year, influenza epidemics result in 1 billion infections and between 300,000...
Read More
Leave a comment

Your email address will not be published. Required fields are marked *