Preparing to Be Out of Workby Marily | More from this Blogger 20 Feb 2007 03:34 PM None of us wants to admit that there might be a time when there is a sudden loss of income. A job loss or disability can be devastating. However, if you prepare before something like this happens, you will have a sense of security even at this uncertain time. Get disability insurance. How would you provide for your family if one of the two family breadwinners was injured? Or what if the sole provider for your family was not able to go to work? If you are relatively healthy, disability insurance can be quite inexpensive. Of course this depends on your job. Office jobs, for instance are less expensive to insure than construction or other manual-labor type jobs. It is important that your family has money to live on if there is a disability. Read this article for some information about different types of disability insurance. Save money. The advice to have money set aside for a rainy day has been repeated over and over. Do you know why? Because it's important! It generally takes months to find a new job, and you really need to have money set aside to cover your expenses while you have no income. Store food. Storing a few months or a year's supply of food can be extremely useful in the event of a job loss. Imagine having the comfort of knowing that your family has plenty to eat even in this unpredictable time. Check out this article for other reasons to store food. Keep learning. Make sure that your knowledge and skills are diversified. There is nothing worse than losing a niche job and realizing that you are not qualified to work in many other positions. Stay-at-home moms should be prepared too. In the event that the sole provider is unable to work, a parent who stays home with the children should be prepared with a plan for how to provide for the family if necessary. Check back for the next article, "When a Stay-at-Home Mom Must Go to Work." Related Articles: Five Tips to Prepare for Job Loss Relevantpreparedness tags User Comments  davichin (62) 22 Nov 2008 01:53 PMIt happened to my father 5 years ago, i remember it was 5 days before christmas and my hole family was very exited with the presents. Until that night. I even ask my dad where his chief lived so I could injure him. But now I think it was the best for all of us, specially my dad, he coud have suffered a heart attack because of his enormous amount of work. Samual (11722) 22 Nov 2008 02:08 PMDon't you automatically get disability pay there? Here if anything happens to leave you unable to work you receive disability allowance and part of your wages.  Valorie Delp (49340) 08 Dec 2008 04:30 AMSamual this blog is dead which is why no one responded but the simple answer is 'no' you don't automatically get disability. it's not a federal system but administered by the states and so you have to apply. And it takes awhile to get it too. Discuss this article
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