Emotional Support Needed

onmyway2debtfree

Hello All,

I am here today as I feel a bit lost. Here is the situation...my husband is facing a possibly redundancy. All will be announced on Friday. Now before you say, don't worry he's not be chosen so there is nothing to worry about yet, he is one of 3 up for redundancy. One guy is his boss who works on the same type of project the other is a specialist in a different product. So he feels that he has a high chance of being let go. Plus, I'm a worrier.

Now the support isn't for my husband I'm afraid. It's for me. We are newly weds and I don't see how me dumping my problems on him is going to help.

I'm asking for any ideas of how to keep your mind off financial situations like this.

On a side note: if you get a redundancy payout are you able to claim benefits?

THANKS IN ADVANCE

nat21luv

Im in EXACTLY the same boat onmyway, the OH finds out on friday whether he's made redundant. Dont worry about it, if hes let go, think of the positives; the world is your oyster! Im normally a pretty negative person but I cant help think that everything happens for a reason. Luckily for us, law of attraction is on our side and the OH has been offered a job in London(250 miles away!) Dont stress, it'll make you ill. Think of this time as time to send your life in a direction you want to go; perhaps the OH might want to retrain of maybe even you? Although you didnt ask to be jobless, think of it as a blessing-theres bigger and better things around the corner!

Bonbon

If you get redundancy money you can still get JSA contribution based for 6 mths. I did.

getmore4less

I'm asking for any ideas of how to keep your mind off financial situations like this.

At times like this it is important not to take you mind off the finances.

Thats how people spiral into debt.

Review everything make the cutbacks now, start looking at benifits, think about extra work start on the CV's(both of them) to look for better paid jobs.

Prioritize who will get paid and in what order,

start looking up addresses and phone numbers

onmyway2debtfree

well...he was made redundant today....time to organize finances and keep up the positivity I suppose.

Mrs_Money

onmyway2debtfree wrote: »

well...he was made redundant today....time to organize finances and keep up the positivity I suppose.

Oh dear - sorry to hear that - been there and done that as they say.
Getmore4less has the right idea - throw all your energies into drawing up a budget, finding out where your money is going now and what you will have to live on in the next few weeks/months.
Look at every direct debit, every regular bill and see where you can cut, cut, cut. Think about bills like council tax- you may now qualify for CT benefit even if it's just you earning.
It works...and if nothing else it stops that dreadful seething panic from rising. Just keep at it.
As regards work - try to think out of the box- what skills do you both have? Where could you make some extra money out of them? What rubbish is laying around the house/shed/garage that you could sell?

I recently heard of someone who didn't bother to sign on after being made redundant, because his wife was working and he knew he wouldn't get anything other than JSA, so he started doing odd jobs for people like wallpapering a room, mowing a lawn- I'm not saying this would be enough to live on - but in his case, it sure was more than JSA!
Good luck with it all.

indsty

I'm really sorry to hear your fears have come reality. However, you are young (at a guess), newlyweds, and need to tackle this together. It will test your relationship just as you will have many other tests during your lives together. Concentrate on making plans together - don't think you are dumping your fears on him - just as he mustn't feel he is worrying you. You both need the other to "prop you up" a bit. Be realistic about your finances, cut back everything you can so as not to add to any debts. It might mean drastic changes - and those can be scary, difficult, exciting and challenging. Get through this and you can get through anything.

amcluesent

Need to keep reminding him that it was his role in the company that was redundant, it's not because he's no good at his job.

I'd really take stock, up to considering emigrating from Britain which is finished IMHO, always allowing for personal circumstances, skills etc.

As has been said, you need to keep a very close eye on outgoings and look at all possible benefits and support available. Best to assume the job centre peeps are clots, BTW.

I didn't have any income during 2002, lived to tell the tale. Frugality isn't ideal but budgeting is better than ignoring/panicking.