Taking voluntary redundancy - anything i should do before I go?

caroline1973lefty

Hi there,

I have just heard that my application for voluntary redundancy has been accepted. Hooray / eek!

So... is there anything I should be doing (apart from finishing off my work!) before I'm out of work in January? (I have to work out my 6 week notice period.) I mean anything i should do NOW from a moneysaving point of view, rather than a job hunting point of view, really (I'm hoping to do some freelancing and volunteering and just generally downsize and figure out how i can do some more meaningful things with the second half of my working life, than wage slavery! I have no dependents / mortgage).

timmmers

Set a budget, so you don't see £££ in the bank and go on a spree.
Similarly, find somewhere to store your money where you can get at it, but have enough available to fund emergencies.

It's awfully tempting to spend on rubbish when you have a lump sum suddenly, then later you look back and feel a bit silly.

Get all the contact numbers and details of those who you wish to stay in contact with, and give them yours. You won't see most of them again unless you do, and that may not be what you want with some of them.

Pay your lottery syndicate ahead for a long long time...just in case
Sods law states that they will win the week after you leave. :rotfl:

It's a lovely feeling walking out that last time. Life gets awfully quiet when you settle to not needing to go anywhere daily though. Work is a 3rd of every day and full of familiar things and people that you'll miss.

Good luck.

t

littlestar1981

When I took VR, in the last few weeks I took copies of my most recent performance reviews and absence record, drafted a goodbye email for the last day, reduced my tariff to the lowest possible, and act like you have no money from now.. very tempting to spend money when you see a lump sum! Treat yourself once you have money coming in again (I didn't take my own advice, but I did clear all my debt which took about 70% of my VR sum)

Oh also got concise contact details for future reference requests, and details of anyone who may come in 'handy' in the future!

Ada3050

I would, stick to a budget, and ask yourself when you come to buy something if you can do with out? Seek out the bargains, cheaper brands etc and make your money work as hard as you can.

The best peace of advice I can give you is just enjoy the time you have. Don't worry that you don't have a job, don't feel guilty when the job figures are mentioned on the TV news, and don't worry that your family think you need to work.

I decided to drift for a while after I was made redundant in September, and I am enjoying every minute.

Anihilator

Take advantage of any learning resources/courses they offer that you can. Also find out policy re dealing with the company and any terms in contracts etc. Voluntary redundancy sometimes limits these unless you pay back the redundancy.

jfdi

If you're intending to take advantage of any financial 'offers' eg 0% CC etc - do it now so you can honestly give your Employer & number of
years etc on the a/f.