Most companies had cut down their staff drastically during the economic recession. Some of my friends, and millions of other Americans, learn the hard way that being fired is a nightmare that can come true without warning.

It is even worse when you have not planned for the possibility of being fired and are caught off guard, as losing your job can easily lead to a financial disaster. The good news is that by following some simple tips, you can minimize the negative financial impact of a layoff, and start afresh. [Read more…]