The Money Mindset Podcast

#189 Preparing for a Job Loss

November 30th, 2023

Welcome back to another episode of the Money Mindset Podcast. Today, we're diving into a crucial topic that hits close to home for many of us – preparing for a job loss or loss of income. Whether you've already experienced it or are proactively planning for the future, these steps are your money guide.

In this episode, we share invaluable insights on how to navigate through financial uncertainties. From prioritizing bills to making quick cash, we've got you covered.

The episode also introduces a free worksheet, specially crafted for this topic. So, grab your pen, get ready to take notes, and let's empower ourselves with financial resilience. Remember, it's never too early to prepare!

Hosting Today:
Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier.

I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems.

Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others.

“Like whatever you have to do right now to bring in some income to lessen the stress and it may not cover everything. And that's why I want you to write out your priorities, how much, and whether it's really a need or a want. Like really think about what is a need or a want. And as things get tight, you've gotta get rid of some wants. I know it sucks. Just remind yourself it's temporary. But you know, it's really important to start thinking about these things before the time comes if at all possible.”
- Ashley Patrick

00:00 - Introduction
03:44 - Understanding the urgency of preparing for a job loss
06:13 - Prioritizing your finances
08:05 - Filing for unemployment
09:33 - Keep your resume up to date
13:47 - Building and maintaining a strong network
16:58 - How much to set aside for an emergency fund
18:07 - Making Quick Cash
20:49 - Final Thoughts
21:28 - How to get the FREE Basic Expenses Worksheet

Are you worried about a job loss or loss of income and not sure what to do money wise?

Download the FREE Basic Expenses Worksheet at to help you work out what to prioritize and how much to save (if you can) prior to a loss of income. This will help you plan for what to do when the time comes.

And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes

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