Job Loss: Master Budget Management Until Your Next Opportunity

• Immediately categorize expenses into essential and luxury; drastically cut luxury spending.
• Utilize emergency funds wisely, planning for at least six months of expenses.
• Communicate with banks for loan restructuring or moratoriums; avoid credit card debt.
• Maintain health insurance to prevent medical emergencies from depleting savings.
• Focus on upskilling and freelancing to generate income and cover basic bills.

Why It Matters: Strategic budget management, wise use of savings, and skill development are crucial after job loss.