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3 Things I Leaned From Getting Fired

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When you read the Internet experts on what to do  when you get fired, most  of  them say that you should try to learn from the experience. You’re never totally blameless and you need to be able to demonstrate progress in your professional growth.  Here are some personal lessons I’m learning from this experience, not to mention the professional ones I’ll continue to reflect on.

1. We need a bigger emergency fund.

For most of the last 3.5 years, we had the recommended $1000 emergency fund in the bank.  Had my  job search not worked out so quickly, we would be seriously hurting with no more money than this in the bank.  We must begin to build our emergency fund even while we’re paying off debt.  Our preliminary plan is$5000. Once we’re there we  can see about increasing it.

2. You can often see it coming – and prepare.

I saw signs of this event all the way back in the April/May timeframe.  My project list began to dwindle and I received some harsh criticism from my boss.  Then he stopped responding to  emails despite my efforts to improve the situation.  Although I started my job search right away, in hindsight, I did very little to prepare financially for  the worse case scenario.  We didn’t cut back or save more in preparation.  This was a dumb thing to do. We are lucky to escape unscathed.

3. I must keep up with my ADD medications.

8 years ago, I was diagnosed with adult ADD. I am sometimes skeptical of the whole Adult ADD idea and don’t intend to start a debate here. But I did find that medication helped me focus and increase my productivity at work. In my recent job, I did not take medication, mostly because I don’t like the side effects – it makes me grouchy. But it’s  clear to me that I need to be treated in one way or another, as my productivity was an issue.

So those are 3 lessons I learned.  There are more but if I can get these down we will have made progress!

Hello from The Big Easy!

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I am writing this from the road as we take a quick trip through the bayou to New Orleans! Friday was my last day at my job. What could have been a financially catastrophic job loss has turned out to be quite the opposite.

Officially, my “position was eliminated.” My company did offer me a generous severance package as well as unpaid bonus and let me cash out my vacation time. In my new position, I was offered a small signing bonus, so this is all going to be a nice cash infusion for us. I will get into the numbers a little later once I have the paperwork in hand. We are planning how to use this money, but we are thinking that we’ll boost our emergency fund and put a chunk toward debt.

In what seemed like a recognition that my boss and I just didn’t fit well and I got the short end of the stick, the company is also making me rehire eligible and allowed me to say my goodbyes instead of giving me the perp walk out the door.

Since I haven’t determined my next start date, we decided to take a little vacation. Besides our honeymoon, Emily and I have only been on one vacation just the two of us, and it was a 3 day weekend in a cabin in West Texas. So we are excited to have a few days to spend together, just us.

Vacations can be expensive, but we are using Hotwire for rooms, we made a trip to Walmart for snacks, and we are making the most of public attractions like parks and riverfront walks. We enjoyed renting bikes in Houston ($5 each) and riding through the park, and are spending the day in New Orleans today; we plan on going to a National Park to see the swamp tomorrow. It was an indulgence, but we watched the epic showdown between Peyton Manning’s Broncos and the Colts last night at Manning’s, a restaurant and sports bar in NOLA owned by Archie Manning. It only seemed fitting.

I’m so thankful that this job change worked out well instead of the alternative. The one time cash infusion is nice, but there is also potential for a reasonable raise that will help our budget goals. More on that later. I don’t want to screw up my severance. 🙂