The site's anniversary is coming up in just a few weeks. In the four years I have been publishing, I have had countless people email me or share in person how this site has helped you save to achieve your financial goals. I've also had many share how the site has personally helped during the financial strains a job loss can present.
We are now part of the job loss club.
On Friday (yes, Friday the 13th), my husband was unexpectedly let go from his position due to “reorganization.” I worked in HR for many, many years. There is a reason the word reorganization is in quotes since I know you don't let your best people go. And, while I am biased, I know there are several people who would have to agree that my husband, was indeed, one of the best. But even if they don't believe our word, the financials and improvements as a direct result of his leadership speak for itself.
None of my opinions really matter though since the decision was for the new leadership team to make. We will choose to look at this as a blessing for reasons which we aren't able to share publicly at this time. The good news is that this site has become my job. As such, it provides an income for our family, and the team that work on the site (each contributor is paid and deserve every single penny too!).
This income generated through Savings Lifestyle and various consulting opportunities have always been “bonus” money to help us facilitate debt payoff sooner. It will be paying the bills for a while. We are crossing our fingers that he finds a new position soon but we are also preparing ourselves for this tough job economy. So thanks again for printing your coupons and clicking on the links in the posts here!
Over the course of the next several weeks, I plan on sharing with you what our plan of attack is. The financial experts encourage people to have 6 months of your income saved away for a job loss situation. I totally agree with that. However, I also think there are other things you have to do immediately, both from an HR perspective and a personal finance perspective. Some things I'll share more on are:
- Evaluating Finances
- Updating Resume and Social Job Networks
- Cutting the “Fat”
- Using Your Network
- COBRA or Finding Private Insurance
- Sites to Find Job Openings
Not necessarily in that order and there may be other things I hit during these posts as well as we proceed. For now, I'm thankful to have him home for the interim and I'm glad the people he worked with knows the kind of leader HE IS despite the circumstances. At the end of the day, your character is your legacy NOT your title or paycheck.
I realize I don't share a lot of personal stuff here. As the site has grown, I have come to protect our personal space as a family a bit more due to, to be very blunt, weirdos. I also realize some topics aren't always applicable to the site's mission and think that writing about topics that aren't of interest to the majority may be wasting my time, perhaps?
This is a topic that I know many can relate to so I'll be sharing more personally about what we are doing as we proceed with the steps in hopes that it is at all helpful to you! Please let me know if you would like to hear about other topics as well and I'll do my best to share more.
P.S., for all of the people who have commented on our personal Facebook wall (you know who you are). Your words are an encouragement to me. I know my husband exemplified the true servant leadership model. You know it too. Hopefully that has influenced how you would lead as well.
Feel free to share the sentiments here in the comments. You can comment anonymously if you feel more comfortable, no one sees your email but THIS CEO…me ;-).