Job Loss:
the first 90 days, in order

The event with a clear order

Losing a job is the most common event in “It Won't Happen to Me”? the 3 things that break households and the one with the clearest sequence to follow — because most of what it costs is decided in the first few days, under exactly the conditions (Living Paycheck to Paycheck? what scarcity does to decisions, Money Problems Eating Your Time? what that costs, and buying it back) that make good decisions hardest. Here is that sequence, learned in advance.

Week one: claim, cover, cut

File for unemployment benefit immediately. Your eligibility runs from when you file, not from when you lost the job, and any delay costs you weeks that are never paid back. Check your own state's rules straight away. It replaces part of your wages — typically 40–50% on average, varying a lot by state, capped at a maximum and usually running 26 weeks, though a few states are shorter. Your 15.2 arithmetic already allowed for this.

Sort out health cover deliberately, not by default. COBRA continues your employer's plan but at the full cost with no employer contribution, which is routinely shocking. The marketplace alternative treats job loss as a qualifying event and calculates subsidies on your current, now much lower, income — which is frequently far cheaper. Compare the two directly before defaulting to COBRA. There's a deadline, and this deserves the clearest hour of your first week.

Cut to crisis spending. Your 15.2 crisis floor comes into effect: discretionary spending stops, and the subscription sweep (Six Forgotten Subscriptions Cost $864 a Year: how to find yours's list) gets done in an afternoon. This is why 15.2 exists — so the cut is already worked out rather than improvised.

Contact lenders early. Hardship and forbearance programs exist for exactly this, and they respond far better to an early call than to a missed payment. That's 15.7's principle, and it applies everywhere.

The next 90 days

Your runway number from Sizing Your Exposure: how many months you would actually last governs everything — how many months you can last, recalculated with the benefit included, and reviewed weekly.

The order to spend in:

1. The buffer first. This is its entire purpose (The First $1,000 Does the Most Work: how much buffer you actually need).
2. The standby credit line second, and only per the definition you wrote down in advance (The HELOC as a Buffer: open the line in calm weather — this qualifies).
3. Retirement savings last, and reluctantly. The tax and penalty, plus the compounding you permanently cut off, make this the most expensive money available. Borrowing against a plan where that's allowed has its own trap: losing the job can make the loan fall due.

And the job search itself is a financial decision. Your runway prices it. Someone who knows they have seven months negotiates very differently from someone guessing at three. That's the quiet payoff of every visibility habit this curriculum has built: for the prepared household a crisis is an arithmetic problem; for the unprepared one it's a panic.

The takeaway

Job loss runs on a sequence. File for benefit immediately, work out health cover properly rather than defaulting to COBRA, switch to crisis spending, and call lenders early. Then let your runway number govern the next 90 days: buffer first, credit line second, retirement last. The sequence could only ever be learned in advance — which is why it's in the curriculum rather than only in the crisis.