A Reddit user recently shared their distressing experience of being laid off abruptly, with no notice period or severance, leaving them financially exposed. The post detailed how the individual had spent all their savings on a second-hand car worth ₹2 lakh in July, while also managing pending credit card bills and a personal loan with a ₹7,000 monthly EMI. With no interviews scheduled yet, the user expressed frustration and uncertainty about how to manage day-to-day expenses and debt.

Side Hustles and Selling Assets

The user revealed that they had listed their car on OLX but were not receiving suitable offers. In the meantime, they have been doing BlaBla car rides to generate some income, though it is barely enough to cover credit card dues. “I really don’t know how to get out of this situation. Should I sell the car quickly even if it’s at a loss? Or should I keep doing side hustles while focusing on job search? How to handle CC + loan EMIs when there’s no fixed income?” they asked on Reddit, seeking advice from others facing similar challenges.

Redditors Offer Practical Advice

Responding to the post, one user suggested, “Apply for sales roles, customer service or BPO jobs. Pay off your loans and if career is unstable eventually do an MBA 2-3 years later and get into something better.” Another advised, “The car is generating your income for now, If you sell it you will not have an inflow of money. You have a PF so withdraw some amount and pay that EMI. Keep doing that car work so that at least money keeps flowing in.”

The post has sparked discussion among Redditors, highlighting the financial vulnerability faced by individuals during sudden job losses and the importance of balancing immediate income needs with debt obligations.

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