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Home / Advice Centre / 2016 / Facing an uncertain future

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Not sure what financial stability you'll have in the future?

If you're faced with the possibility of a redundancy or career transition in the near future, it can be a really stressful time. Find out how to manage yourself AND your finances whe faced with an uncertain future.

Call on your support network

Waiting for a redunancy or termination in your employment can play havoc with your physcial and mental health; and once the shock wears off, it's very common to feel emotions like anger, resentment, worry and hurt. First and foremost, ensure that you have a strong support network around you. If you don't have access to friends and family, there are a host of numbers you can call to help you cope in the short term with these feelings.

Helpful numbers:

  • Lifeline 13 11 14
  • Suicide Call Back Service 1300 659 467.
  • MensLine Australia 1300 78 99 78.
  • Veterans and Veterans Families Counselling Service 1800 011 046
  • All-hours Support Line 1800 628 036
  • Defence Family Helpline 1800 624 608
  • 1800 IM SICK 1800 467 425

Talk to an expert who can help you sort through your finances

If you're receiving a lump sum as part of your redundancy package, it's crucial to maximise it's value to you and your livelihood. We recommend our financial planning partner, Bridges. Paul Stone, who has been helping locals for almost 20 years, has helped thousands of families faced manage their finances and make the most of their situation. Speak to an expert BEFORE you make any decisions;it may change the type of redundancy package you decide to accept or impact your future in a significant way. If you want to book in for your free initial appointment with Paul from Bridges, call 1300 622 278 Monday - Friday, 8am - 5:30pm.

Prepare yourself for your career transition

With the possibility that you won't remain in your current career, revisit your resume and reflect on the skills that you have that are transferrable to other possible careers. It can also help to connect with career services that can help you in this area. If you've been in the same position for a number of years, the possibility of starting a new career, or even a new job can be daunting. so be sure to ask for help if you need it.

Essential points:

  1. A host of emotions are common when faced with redundancy. Call on your support networks if you have to, or call a support line if necessary.
  2. Talk to an expert to help you sort through your finances
  3. Prepare yourself and review your skill set. Connect with career services if the idea of preparing your resume or applying for jobs is daunting.

Want to know how we can help with redundancy and termination?

Our friendly, helpful & supportive team can help talk to you about redundancy and termination. You may also want to consider our Hardship Assistance support. Request a call back or give our friendly team a call on 1300 622 278.

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