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ITWORKS: 7 steps to take if you’ve been laid off (step 7)

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You’re looking for a new job and need expert advice on how to handle a job search and your finances. Congratulations…you’re in the right place. Whether you are planning to stay in the education field, or investigate other areas of work, ITWORKS will help you focus on your next steps and energize you as you take action.

Check out Step 6 here.

Step 7. “S”: Success!

You’ve finally been offered a job you want. Congratulations! Now is your opportunity to learn from the good habits you’ve acquired during your job search, to make them really pay off.

Financial ‘to do’: Try to maintain your newly-acquired, thrifty habits and keep as close as possible to the budget you established during your job search. Use the extra money coming in to: 1. rebuild your emergency fund, and 2. build your other savings or investments.

Consider establishing a Pre-Authorized Contribution plan (PAC) with Educators Financial Group. With a PAC, an amount of money you designate is automatically transferred from your chequing account to your investment or high-interest savings account, at regular periods of your choice. “People who use a PAC to save say they don’t miss the money because they don’t see it”, says Darryl Martella, Certified Financial Planner, Educators Financial Group.

Job search ‘to do’: Update your resume and your LinkedIn profile with your new job details. Maintain your LinkedIn presence by continuing to comment and blog, and staying connected with the contacts who helped you during your job search.

ONLINE:

Educators Financial Group Pre-Authorized Contribution plan:
https://educatorsfinancialgroup.ca/learning-centre/pre-authorized-contribution-plans/

And remember, at Educators Financial Group you have the support of a team of financial experts and an organization that has worked with the education community for over 45 years.

We can answer your financial questions during this challenging time. Give us a call at 1.800.263.9541 or get started online.

You did it! You’ve completed ITWORKS: 7 steps to take if you’ve been laid off. Know someone who could benefit from the advice in this toolkit? Share it with them today!
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