In these tough economic times, unemployment rate is high and job scarcity is a common problem. The importance of getting a steady job to guarantee some form of job security cannot be underestimated. Having a regular job is as relieving as drinking a cold glass of water on a hot summer day.

With this in mind, you probably can’t afford to lose your job, because key word is bills, bills, and more bills! The only way to settle “bills” issue is to get a job and try to stay hired.

Most people assume and rightly so, that they can't get laid off or fired. But what if it happens to you?

When you are caught off guard, your coping mechanisms may fail and you may just not know what to do and how to react. But, if you cannot plan for an unexpected job loss, you can definitely equip yourself with tips on how to cope when you have lost your job.

7 Valuable tips for surviving a job loss crisis.

1. Don’t panic.

When you think about all your bills and other issues which depend upon your paycheck; it is very easy to panic.

The uncertainty of future ahead and possible reality that you may no longer be in control may be very overwhelming. As tempting as it may be, don’t panic because this is time when you most require a clear mind to focus on future.

2. Accept your situation.

The sooner you accept your situation better. Don’t stay in a state of disbelief and denial. Don't allow bitterness you may be harboring toward your ex-employers to consume your life and precious time. It is just not worth it!

Every case is different but if you intend to sue for wrongful dismissal, consider whether measure is worth pursuing. Accept your situation as it is and remember that life does not always turn out as we expect. It may be tough but you have to deal with it.