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BQ Big Decisions: Steps To Follow When Dealing With A Job Loss

An emergency fund can help you contend with a job loss, but it’s not always easy to put together. Here’s what you should do...

Source: BloombergQuint
Source: BloombergQuint

The BQ Big Decisions podcast gets you the insight you need to make big money decisions with confidence.

A sudden job loss can be incredibly stressful because it puts a great deal of stress on a person’s finances.

Most financial planners will say that salaried persons need to maintain an emergency fund to protect against the shock of a job loss. But, it’s not always easy to put together such a fund, especially in cities like Mumbai where expenses are high.

On this week’s BQ Big Decisions, BloombergQuint spoke to Harshvardhan Roongta, certified financial planner and founder of Roongta Securities, to know about the steps that are necessary in an event of loss of employment.

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Opinion
How To Manage Finances After A Sudden Job Loss