#038 | 6 Steps to deal with a job loss or furlough

friends on FIRE - A podcast by friends on FIRE

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We cover six recommendations for what to do next if you find yourself temporarily furloughed or permanently unemployed. Our six steps include: (1) Accept it emotionally, it’s not your fault. (2) Cut back on your spending and reevaluate all financial commitments. (3) File for unemployment insurance. (4) Request mortgage forbearance. (5) Research and extend your medical insurance. (6) Prep for finding another job.