Viewing my Layoff as a Blessing

June 28, 2011 at 1:55 PM 7 comments

Given that I just found out about my job elimination last week it’s fair to say that it has been the most pressing issue on my mind. I’ve run the gamut of emotions from sad, angry, happy, elated and utterly confused.


My company’s restructuring initiatives have been going on for quite some time, but somehow or another I thought I’d be the last to be impacted. I’ve always received stellar year end ratings and reviews. I’m the kind of girl that’s known for getting things done and for working long, hard necessary hours to make that happen when necessary.

My loyalty to my company and my unwavering desire to do a good job has never been questioned. In fact, the mere fact that a fellow coworker all but offered me a position, (without knowing that I’d recently been laid off), is a sign that I’m well respected in my profession.

Of course, at the end of the day while all those facts are well and good none of it really makes no difference. A strange set of circumstances put me in a position where the quality of my work wasn’t a factor. I was simply in the wrong group at the wrong time and that group has been disbanded.

I can’t weigh what I’ve done or would have done differently. What matters is right now. I’ve been presented with a severance package and I’ve decided to take it.

I’ve been so focused on the long term aspects of this decision that I hadn’t really thought about how my overall financial management plays a role. Sense, (a long time reader of One Frugal Girl), wrote “I am glad it will work out so well for you… and that you are one frugal girl and can afford to take the time off from work to concentrate on what matters most to you!”

Until I read that comment I hadn’t considered how my desire to scrounge and save played a role in my ability to choose to take this package and to choose to stay home for a little while. My life is truly blessed. I have the cognitive abilities to work a highly skilled job that pays well. I met the man of my dreams many, many years ago and he is also able to work in a highly compensated profession.

While income is a huge factor in this decision, so are all of the major decisions we’ve made about our money over these last ten years. We could have chosen to live beyond our means, but instead we live a very modest lifestyle and I still clip coupons and save wherever I can in spite of earning a healthy income.

It is this desire to save for a future goal, without knowing exactly what that future goal was, that will now enable me to stay home for a little while. This focus on our finances has allowed me to put all of my options on the table in order to figure out just which way I want to turn.

While many of my coworkers are bitter and angry about these circumstances I’ve been able to put a positive light on this life changing event. I now realize a lot of this has to do with the way I’ve managed my finances over these past ten years.

Despite earning similar incomes many of my coworkers spent money on extravagant vacations, expensive homes and fancy cars. I make no judgement on their choices, but I now see how these choices are making them fear the layoffs in a way that thankfully does not impact me.

I have spoken to many men and women who say they cannot afford to live without a single paycheck. That they will not be able to pay their mortgages and car loans if they don’t find a job immediately after leaving this one.

I am thankful that my husband and I are not in that position. I am thankful that we’ve been saving for all these years and that the money we’ve stored in combination with my severance will provide me with the option of staying home for just a little while.

I am thankful that I can look at this situation as an opportunity and a blessing rather than a curse.

Entry filed under: thoughts, work. Tags: .

A Job Offer Complicates My Decision Losing My Job: The Things I’m Most Concerned About

7 Comments Add your own

  • 1. spaghetti0625  |  June 28, 2011 at 2:43 PM

    Reading your post made it come full circle for me. God (or whoever anyone believes in) always has a plan in place for everyone…and in time He or She will tell you what it is…well, He/She is telling you now! And you helped yourself pave your own way be living frugally.

    I'm in the same boat kind of. I will be laid off come Sept 15th, but I've known for awhile so I've had more time to think of what to do….but you know what…more time to make a decision doesn't make it easier…if anything, it makes it harder b/c as time goes on, I've been second guessing myself!

    I do feel I need to work to make ends meet for my goals for our future. Can we survive off DH's income, sure. But do I want to, not really. However, if Baby decides to come along, I know my mind will change.

    But now that you will have some time off, have you thought of maybe keeping your co-workers, friends etc in contact? If so, maybe after baby is born (or even now, up to you) maybe you can teach a class on how to budget, save money, etc for a few bucks? That way, (esp if you do it after baby) you will have some 'adult' friends to talk to. A friend of mine goes nuts b/c all her adult friends are too busy and she just needs that 'adult' contact. That way you're helping people and they help you in return.

    I'm sure with your creative mindset you will find something to keep you busy while you are home!

    Reply
  • 2. Maggie  |  June 29, 2011 at 9:28 AM

    I am so living your situation myself, although my boys at 16 and 11. Unfortunately I have not had my husband on my side with living below our means until just recently. Now he's even so more so on board. He hard me talk about living on one income but never internalized it. But he's agreed to downgrade our cable package, He also has the ability to get paid for hours worked above 40 and he's going to start doing that. With my package, we can pay off outstanding credit card debt. That leaved his school loans and DS16's parochial scool tuition paid from my slary. Everything else comes from him. All this gives me time to find the right position. I've got some promising irons in the fire. I am even going to ahve to turn down a 1099 opportunity presented to me that I am highly qualified for. But I am nto ready to give up my insurance for a temporary opportunity.

    Reply
  • 3. One Frugal Girl  |  June 30, 2011 at 2:53 AM

    @spaghetti0625 – Thanks for sharing your story with me. Having more time to contemplate the situation doesn't really help. One minute I think I'm making the right decision and the next minute I'm second guessing myself. I'm definitely concerned about going crazy at home without a little adult interaction. In the ideal situation I would find a less stressful job a few months after the little one comes along. I have a lot of contacts but finding the ideal job won't be easy.

    @Maggie – It's good that you are using the package to pay off debt and getting your husband on the same page. That's usually half the battle!

    Reply
  • 4. L. Marie Joseph  |  July 1, 2011 at 2:10 PM

    It always goes like that. During layoffs the ones with the most debt suffers. I was laid off with absolutely no debt but a mortage and have no regrets. We had 2 years of expenses in an investment accounts. So when they made the annoncement, I had no worries

    Reply
  • 5. » Will I Ever Need to Work Again? One Frugal Girl  |  April 9, 2013 at 10:41 PM

    [...] of 2011 I held my newborn son and simultaneously waited for my severance check. My unexpected layoff and associated severance package was a blessing, but I still wasn’t prepared for life without [...]

    Reply
  • 6. » Life is All About the Ups and Downs One Frugal Girl  |  January 11, 2014 at 5:46 PM

    […] to conceive for a year (I realize this is a small hurdle compared to what other women face), got laid off from my job after twelve years, gave birth, struggled to remain happily married after my son was […]

    Reply
  • 7. » I Have No Idea What I Owe One Frugal Girl  |  May 2, 2014 at 6:35 PM

    […] For over a decade I bought my health insurance through my employer. I paid a couple hundred dollars a month for a PPO plan and my company subsidized the rest. That insurance plan seemed to cover everything. If I needed to visit an acupuncturist, chiropractor or any type of specialist I paid a small co-pay and very little else. I paid a few hundred dollars for this care and my employer picked up the rest of the tab. I had no idea how valuable that benefit until 2011 when I was laid off. […]

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Trackback this post  |  Subscribe to the comments via RSS Feed


Follow on Twitter

BlogHer Ads

Deals

DealSpotr - Fast Coupons. No Popups. Just Savings.

Archives

Categories

Stats