Here is a podcast that handholds you on managing your family's finances when you suffer from a job loss.

Edited highlights
0:26 In this video, we will give you actionable advice on how to manage a situation of job loss

0:53 A situation of job loss presents challenges to family finances

1:01 The job loss situation could be immediate or it could be a situation of an impending job loss

1:33 Preparation for a situation of job loss and detecting its early signs holds the key

1:50 Anticipation and planning for a situation of job loss helps you absorb the financial shock better

2:15 Cut backs in expenses such as off-sites, parties and travel could be the first signs of a company in trouble

2:33 Competitive pressures and technological changes may make any company's cost cutting moves inadequate

2:58 Delay in reimbursements and vendor payments are next level signs, indicating possible dangers of a job loss

3:36 The next higher level danger signal is when employee salaries get delayed

3:46 This is the time when you should be preparing your finances instead of panicking

4:03 In such situations emergency funds come in handy

4:09 Emergency fund is a pool of money that is easily accessible and can take care of 3-6 months of expenses

4:31 In case of fickle job security, it needs to be increased to 6-9 months of expenses

4:46 Your emergency fund should be enough to cover daily expenses, periodic expenses, EMIs and insurance premiums

5:16 You can get started with a regular effort to build an emergency fund

5:21 You don't need a large amount of money in a savings account. If you lose a job you don't need the money at once

5:32 Ensure that you have accessibility to about one month's expenses in the bank savings account

5:39 The remaining money of emergency funds can be in liquid funds

5:43 The remaining money of emergency funds can be in liquid funds

6:09 Liquid funds provide better after-tax returns than savings accounts

6:25 You won't be able to build an emergency fund overnight

6:29 Liquid funds provide better after-tax returns than savings accounts

6:39 Consider prepayment of loans to get the EMIs down

7:25 In case of a job loss, you can offer to your employers you working at a lower pay

7:43 This will help you cover your fixed expenses like EMIs till you can find another job

7:58 Your emergency fund and severance pay stays intact

8:08 You are helping your savings travel the extra mile

8:29 You can also offer to work in a different role for some pay

8:38 This will cover some heads of expenses

8:46 You are giving yourself time to work around this problem

9:26 Make sure you understand the taxability of your severance pay

9:43 Don't start using your severance pay till you understand the amount of tax you need to pay

10:04 You can draw from your emergency fund parked in a liquid fund, bit by bit

10:17 Don't falter on paying insurance premiums for life insurance, health insurance, accident or car insurance

10:32 Remember, when you are without a job or it is about to go, you are very vulnerable financially

10:54 Remember, in the event of any mishap you will be drawing on your savings

11:10 Don't default on your loan EMIs

11:14 If you default on your loans, your access or availability of loans in the future will be restricted

11:28 You can approach the lending institution and negotiate. Try to stagger the repayment, postpone or reschedule it