| People lose their job for various reasons. This can | | | | It even becomes more difficult when you have |
| happen when the position becomes redundant. Or if | | | | mortgage to pay. It is good if you have savings and if |
| the company is losing, they will cut cost and one of the | | | | you have big severance pay. At least you have |
| easiest expenses to slash off is labor. They will ask | | | | something to help you get by in the next months (while |
| people to quit or buy them out. | | | | you find yourself a new job). You may even afford to |
| Losing a job can happen to anyone. There isn't much a | | | | continue paying the mortgage. However, if you do not |
| problem if it is just temporary. But when it comes | | | | have much, the problem is you may end up |
| permanent and you have tons of bills to pay, it can be | | | | cost-cutting at home. Sometimes, mortgage may even |
| very difficult. | | | | be sacrificed. |