In this article, we use a case study to illustrate some of the common dilemmas faced by people facing sudden job loss. This is a fictitious story and any resemblance to a real life situation is purely coincidental.Jared and Mercy are thirty-eight and thirty five-years old respectively who have enjoyed their careers in the hospitality …
Case study: Managing finances through a job loss Read More »
When you lose your job, you go through the five stages of grief, which are, denial, anger, bargaining, depression and acceptance. Psychologists tell us that you do not have a linear grief process where you neatly move from one stage to another but you keep going back and forth. Do not be surprised if you …
In the last couple of weeks, we have heard of several companies give notice of their intention to layoff employees citing difficult economic conditions arising out the covid-19 pandemic. Nonetheless, this trend has been in place for several years. In the last three years, all manner of organizations from tier one banks, blue chip companies, …
While everyone might have concerns about financial implications of this pandemic, if in debt, you have a lot more to be concerned about. Debt creates a mental burden especially when there is no clear way of paying it off. Unfortunately, this pandemic will result to unwanted transitions for many as well as challenges with debt …
Management of COVID-19 has required that we stay at home to create the necessary physical distance and reduce opportunities for infection. This has reduced business activities to bare minimum while many have closed all together. Our economy was already struggling with many job losses not only in SME sector but also among blue chip companies. …
In difficult times when income is likely to fall short or needs are likely to grow, planning becomes critical to ensure you do not make a bad situation worse. The nature of financial needs is that they are simultaneous and not sequential and all are important. Hence the need to reflect on your situation and …
We find ourselves in unprecedented times. Unlike most crisis that we have experienced in the past, this crisis forces us to physically pull apart from each other and isolate ourselves. As we see governments in developed countries struggle to manage the pandemic not withstanding their sophisticated health systems, we pray that God will spare us …
