When employees are separated from their jobs, they are typically separated from their main source of income as well. Amidst the pain, anger, shock, and fear that typically accompany a layoff, there are many financial questions that need to be addressed, such as: How do I adjust my budget to continue living while unemployed? Do I qualify for unemployment compensation? What's the application process? What are the tax implications? Should I take a part-time job right away, devote my full time to finding another job, or use this time to increase my skills? Can I afford to keep my home? Will refinancing help? When should I think about selling it?