About 18 months ago, just before I was about to turn 30, I found myself unemployed. I received that dreaded phone call that my position was no longer available and that I would be made redundant.
My final week of work was a blur, I had my 30th birthday party to plan, bills and everyday living costs to pay and the holiday of my lifetime booked that needed to finalised. All I could think of was how am I going to pay for all of this! I had no idea what to do next and had never thought that I would ever be in this position until it was too late.
To say the least, I wasn’t prepared and it’s hard to be prepared not only financially but emotionally as well. If I had a plan in place my feelings of being shocked and scared could have been avoided. I finally went to see my now Financial Adviser, Josh Wingrove after my redundancy had been paid. I’ve never really had a large sum of money and I always thought you needed to have money to see a Financial Adviser but boy was I wrong. Josh made me feel in control again by helping me with the direction I was going in and how I could support myself financially.
To avoid being in this position it is best practice to have an ‘Emergency Account’ with at least a month’s wage saved for situations like mine. This would have given me the freedom and time to reflect on my situation and to start planning my next steps. Being made redundant is scary but it doesn’t have to be. I look back and wish I had been more prepared for this life experience but now realise it has been the best thing that has happened to me.
Moral of the story- don’t wait until it’s too late.