Most people don't expect to lose their job and when it happens, several emotions can play out such as shock, confusion, denial and anger. Experts say the worst thing you can do is nothing.
According to Michael Pfaff, a licensed counselor, there are several things you should do following a job loss:
"A lot of times we just want to be heard, we just want to be understood that we're in a rough place, we're going to get out of it but we're going to be okay," Pfaff said.
Most people are not only unprepared for a job loss emotionally but also financially. Financial experts say most people do not have an emergency fund. So, once you're faced with no longer earning a paycheck, there are some actions you can take to help:
"Ask for a hardship program if you need it, ask to defer a payment if you need it but I don't think you want to immediately write all of your creditors and let them know that you've lost your job because it might just be a week or two when you find another one," said Jennifer Wallis, a licensed financial advisor.
Finally, don't stay idle, get back out there. Job recruiters say the key to landing that next job is networking. You should also ask yourself these three questions when looking at a new opportunity.
If the answer is yes to all three, then you'll come out ahead.
"It may not mean making more money, it may mean making a lateral or even less-than-lateral transition to get into a job stream you really want to be in," said James Farris with James Farris Associates.
However, to get there you have to be aggressive in your job search, keep your resume always up to date and polish up on your interview skills.