The Best Approach to Financial Matters During Transition

Note: This article is courtesy of

By Michael Kay

Life transitions bring change, challenges and the possibility of transformation.

Transitions come about in many ways: the birth of a child, loss of a job, retirement, prolonged illness or death of a loved one, to name a few. Each transition presents an opportunity for growth, resilience and a broadening of personal capacity. But it all comes at an emotional and usually financial cost.

Steve’s department was being eliminated and was given a two-week notice. His wife Denise’s job brought in a decent amount, but their lifestyle depended on both incomes.

The severance package offered would get them through a month or so, but after that it would be tough.