Making Sure Your Finances Are in Order Before Being Laid Off
Martha I. Finney
Even if you aren’t facing an immediate possibility of a layoff, there are actions you can and should take now to put yourself in the best possible financial position to absorb the shock should the time come. This advice comes from Mark Gibbs, Atlanta-based CPA and certified financial planner, who says that being employed will make it easier for you to make some of these changes. So consider doing them now.
Acquire a home equity loan. Because lending institutions may be more stringent with mortgages now, you stand a better chance of qualifying for a HELOC (Home Equity ...