Part 3/8:
Losing a job often raises concerns about major expenses like mortgages or car loans. For many, these are significant financial commitments that require careful handling. Communicating early with banks, lenders, or relevant authorities—such as the Housing & Development Board (HDB) in certain regions—is vital. These institutions often offer support or flexible arrangements to help you manage payments during uncertain times.
Creating a detailed overview of your expenses and income sources helps identify how long you can sustain without regular income. Exploring alternative income opportunities, such as contract or temporary work, can provide much-needed cash flow as you search for new employment.