If the rumors circulating throughout the workplace that may be downsizing, a layoff or merger? Are you afraid and do not know what to do? These 5 tips can help you feel more in control of your financial situation:

1. Take a long hard look at your monthly bills. If up to the neck of debt? Now it's time to buckle down and try to get a handle on interest rates which are currently paying. Can I pay part of their debts immediately? Moving to another, lower rate credit card? If you refinance your mortgage or home equity loan? Now would be the time to take care of this, not after receiving his letter of dismissal.

2. What can cut your monthly budget? Stop buying lattes every morning and save about $ 80 a month. Rent a DVD instead of going to the movies. You alone can decide what can and can not live without, but these are two good examples of the latter. Reduce your dining out and you see more green in your wallet at the moment when they most need.

3. Be aware that you pull out your wallet for all expenses and decide if you really need to buy that item. Now is not the time to go shopping to cheer. Instead, make an effort to be more aware of where your money goes every day, every week.

4. With gas prices sky-shot, you should consider buying a hybrid car, or at least one that has better performance? Do it now, while you continue working. To see if the dealer has no incentive to the customer as a discount or lower interest rate loan.

5. Do you know what benefits at work, you are entitled to? Take time to ask the Human Resources department what benefits you are currently enrolled in. If you have insurance, make sure you get any physical exam or medical tests and to use this benefit. Enjoy all the dental or vision coverage you may have-get glasses or contact lenses updated now or schedule a visit for a checkup at the dentist. Co-payments are much cheaper than paying full price later.

Action Be aware of the situation, planning and taking it makes you feel more in control of your life. Sure, you can not do anything about being fired and in most cases (unless you committed a serious misconduct on the job) is not your fault. It is a management decision that will probably end up changing their lives for the better. View this as a new opportunity, not a loss, and positive attitude will help you find a new job soon. Good luck!