Redundancy

[Toooldtoworry]

Ironically I am worried.

I'm in probation because I started my job less than 6 months ago although on track to pass.

Husband has just been advised he's being made redundant after 12 months in his job.

If I cut back on everything I can we are still going to be £350 short per month.

He has applied for 21 jobs this afternoon and he has one more pay day before it goes but fml.... this will be the 3rd redundancy for him since covid and we've depleted all our savings now. Sick of one step forward twenty back.

Worse is he has children he pays child support for and I just can't keep that up this time, and I did last time so the ex will expect me too.

Don't know what I'm hoping to achieve other than to get it off my chest without stressing my husband out further.

Thanks for reading/scrolling.

I’m sorry to hear that, but the jobs market has never been more buoyant so I’m sure he’ll find something quickly.

That's an awful lot of applications in one afternoon. Hopefully you live in an area where there are vacancies. Is there a reason he's been made redundant again or is it just bad luck.
£350 a month isn't too bad although I understand it's far from ideal😢
Good luck, I hope he finds something soon.

make sure you look at claiming anything you’re entitled to, council tax relief and UC as soon as you can - this will reduce some of the pressure of the £350 short fall?

as pp states there is a surplus of jobs, so hopefully something will come up really soon

My bil was made redundant 3 times in five years back in late eighty's and early nineties. The stress and worry my dsis went through. Can you ask for a mortgage holiday? Or ask to go to interest only for 3 months. Your DH will have to apologise to his ex and offer to make up money once he gets another job. He should warn his ex now though to give her a heads up as she is probably relying on that money for Xmas.

He works in hospitality. Loads of companies/restaurants going to the wall.

I work in financial services giving advice so I can't really ask for a payment holiday, just need to make sure the mortgage is paid first.

Just did an 'entitled to' and it might be he can gey JSA immediately as he's been made redundant which will give us breathing space but it won't cover his child support but will at least go some way towards it.

I've also struggled with redundancies through the crash in 2007. Five times in five years. I was on my own, single parent then so really hard. I just needed to say it out loud anonymously.

Thank you. Genuinely. Once I've slept and am concentrating on work I'll feel better.

Heating definitely not going on 🤣

Well I needn't have worried long. He's been offered a job now. Massively relieved. It does mean a pay cut of £200 per month but we can cut that back at the moment (mortgage fixed for 2 more years).

Good news!

That's really good to hear.

Very. I can go back to not worrying now 🤣

You can ask for a payment holiday or change to interest only.
Working in financial services doesn't mean you can't do these things to manage your finances. Just that your likely to run into issues if you declare any form of insolvency.