What to Do After You've Been Fired

No one wants to hear, "You're fired." Those words will instill fear in everyone. If your employer lets you go, you're probably panicked and worried. Yet everyone will experience a firing at some point in their lives and the best response is to stay calm. 

If you've been fired recently, consider taking these seven steps to get back on track as fast as possible. 

Revamp Your Resume

Your résumé should show your current work status and your skill sets. If your employer lets you go, revamp your résumé so you can dazzle prospective employers. Make sure that your résumé has your most current employment information. Consider a new resume layout to highlight different skills or certifications. Add accomplishments and numbers to show measurable success. Finally, confirm that your résumé is free of spelling and grammatical errors and print it on high-quality paper.

Watch Your Spending

Without a source of income, you may worry about how to pay your bills. Cut back your spending so that you have more room for the necessities. Remove any unnecessary discretionary spending such as dining out or entertainment. Compare plans for utilities to see if you can save any more money. Create a budget so you can track your expenses and keep them low.

If you’re the type that likes to get a little risky with your money, spread it out across a couple of different investments. You never know, the shares could skyrocket overnight! If you enjoy the risk and reward that investing can provide, you may be a natural for it. Check out this website for investments careers.

Network With Everyone

It's difficult to talk to people about losing your job, but keep in touch with your coworkers and business associates after you lose your job. Opportunities can arise from unlikely connections, so network with everyone to increase these opportunities. Use social media to present yourself as professionally as possible. Ask former coworkers and business associates to keep you in mind if they hear of any prospective job openings.

Consider Your Health Insurance

Prioritize your health if you lose your job. Without a source of income, the last thing you want to worry about are medical bills. You can opt to extend your current health insurance through COBRA. If COBRA is too expensive, price out an individual health insurance policy. At a bare minimum, get catastrophic coverage to protect you should a medical emergency occur. Consult with your financial planner or insurance agent to understand the coverage options and budget for insurance accordingly.

Reassess Your Career Direction

Turn the negative aspect of getting fired into something positive by re-assessing where your career path is going. Now that you're jobless, ask yourself if you're happy in your current field. Is there a dream job that you previously considered? You have the time to explore these options and make sure that you're doing what makes you happy. Expose yourself to new situations to help you decide you ultimate career.

Keep Yourself Busy

Too much downtime gives you the opportunity to feel bad about being fired. If you keep yourself busy, your mind stays sharp and you won't have time to feel sorry for yourself. Volunteer your time with a nonprofit organization or consider keeping a journal about your experience of being fired. Take on a physical challenge like training for a race. Training keeps you busy, and the physical activity will keep your spirits up. If a physical challenge isn't an option, take on a new hobby.

Stay Resilient and Positive

Being fired is enough to make the strongest person feel badly, but you need to stay positive. Don't feel ashamed about your situation. Express gratitude about your experiences and coworker relationships at your previous job. Realize that everyone goes through difficult times in their lives and that you'll get through these. Being resilient means that you can bounce back from the stress of losing your job.

No one wants to experience losing their job, but if it happens you can make it through by keeping calm and focused. Treat the job loss as an opportunity to reassess your life direction and put yourself in your ideal career.

What are some other things you would do if you lost your job?