With a few smart budgeting tips, you can survive being broke. But what if you—God forbid—lose your job? Well, I don’t think that there are any easy tricks to get us out of a situation like this. But with the right mindset, we can survive even this worst-case scenario. So, when the unthinkable happens, remember:

Stay calm: Being fired is not the end of the world; there are always options. But you need a clear head and open mind to consider what those options are and what to do about them.

But don’t be too stoic: Allow yourself to feel unhappy. Of course you need to avoid getting carried away, but pent up emotions aren’t good either.

Be prepared to adjust downward: Until you can get back to being employed, you need to prioritize what you need and perhaps cut back on what you want.

Be honest with yourself: These are tough times—economically speaking—and layoffs are depressingly common. If you’re just another casualty of the latest recession, don’t beat yourself up. On the other hand, if this is not the first time you’ve lost your job, you might want to take a serious look at what all of those experiences have in common.  

Face the creditors: Banks and credit institutions are more interested in maintaining sustainable customers instead of simply collecting assets. So, you should explain to your creditor(s) that you’ve lost your job and that you are working on finding new employment as soon as possible. Maybe they might be able to help by, say, renegotiating your credit terms. At the very least, they (hopefully) won’t freeze your credit cards after seeing that you haven’t spiraled out of control.

Don’t shut other people out: A lot of people avoid other people due to feeling ashamed after losing a job; but other people can be your ticket to new ideas and new opportunities. So, don’t shy away from socializing.

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