From the course: 14 Things to Do When You Lose Your Job
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File for unemployment ASAP
From the course: 14 Things to Do When You Lose Your Job
File for unemployment ASAP
- When I meet with clients and prospects who recently lost their job, they are often not aware about unemployment benefits available to them. If you're employed by an employer, getting a regular paycheck, and paying your employment taxes, you should be eligible for unemployment benefits if you lose your job. There are some reasons you may not be eligible, like if you're fired for a specific cause, or if you quit. But generally, there's no downside to applying for unemployment benefits. If you've recently lost your job, losing your income can significantly impact your cashflow and your ability to pay your bills. That's why it's imperative that as soon as you get laid off, you should apply for unemployment. Keep in mind that unemployment compensation will likely not replace your entire paycheck, especially if you're a highly paid professional, but it can soften the blow of losing your job and help cover your expenses…
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