Coping with a job loss financially

Job loss is relatively a new terminology unknown to our parents and our ancestors. Since the liberalization of the Indian economy, this term has come into a common usage (ask the current generation of Indians) . Everyday we read in the newspapers that people loose the job and the company sites various reasons for the same. People working in MNCs also often encounter someone or the other being fired right in front of their eyes. The reason behind being fired or loosing the job might be numerous, but the consequence is the person being fired undergoes severe trauma and his finance goes for a toss. In a capitalist economy loosing a job or getting fired and finding a new one is very common but the previous generation of Indians have experienced only a socialist economy and hence they could not and cannot teach us how to survive in a capitalist economy. The experience learned by living in socialist economy is useless to survive in a capitalist economy. Got this tweet minutes after I s...