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Update on Job Situation and Action Plan

January 22nd, 2018 at 05:31 pm

I still no end date, but I am really betting that we will get 90 day notice in March, with a June End Date. At this time, I would get 10 weeks of severance (based on time with the company), paid out for any earned TOP time (accruing 2.5 days per month).

I am actively looking for Full time work, but knowing I have some time, I have been a little choosier. I have had several offers for contract work, which could turn into permanent, but until I get an end date and closer to it, I wouldn’t take that. There are always contract options in my industry.

My family all went onto my husband’s insurance, knowing that I would be ending my relationship with the company mid-year. That will be helpful.
I am saving all overtime and since I don’t know when that OT could end (as my employment comes to an end with the company), I am attempting to push myself and do 20 hours a week.

I also will be saving all of my 3rd paycheck in March (minus budgeted gas, groceries and a little spending money).

We are also in budget lockdown. We are very social people, so we’re going from going out a LOT go going out, with coupons/ specials 1 time a week and hosting people over for things like game nights.

Losing this job, I will be losing around 20-30k a year in OT, plus I will likely be taking a pay cut as pay is oversaturated in my industry right now. Saving is important to help with this transition!

I also am doing everything I can for some extra money, which will go to my 2018 gifts fund and if I can swing it, a mini vacation as we haven’t had one in about 2 years (except for a couple of weddings in 2016).

It’s stressful, but my husband & I are working as a team to make it as easy a transition as we can!

3 Responses to “Update on Job Situation and Action Plan”

  1. frugaltexan75 Says:

    Sounds like you are doing as much as you can to prepare.

  2. Trying to get ahead Says:

    Good luck. I understand the stress when a partner loses their job. I hope you find something soon. It is no fun being in survival mode.

  3. rob62521 Says:

    I like you and your hubby are being a team. I hope you find a job soon, and one that is even better than what you have. I am pleased you still are making the effort to remain social, even if you can't go out as much.

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