Job cut announcements jumped 38 percent in September from the prior month, a grim reminder that more workers face unemployment in the months ahead.

While losing a job can be financially devastating, there are ways to prepare yourself to handle unemployment, according to U.S. News & World Report.

1. Cut Spending: “Examine your budget for categories where you can cut back,” the magazine says. “You might choose to tamp down on restaurant meals and future vacations.” Put money in a savings account to cover expenses.
2. Reduce Retirement Saving: Having cash to cover more immediate spending is more important than building a nest egg. Build an emergency fund.
3. Look at Health Insurance Options: You can continue to buy employer-sponsored health insurance through the COBRA federal program. If you’re married to someone with a full-time job, see if you can get health insurance that way.
4. Tap Credit: Before losing a steady paycheck, apply for a home equity line of credit. It can provide some immediate cash at a low interest rate. If necessary, tap credit cards with zero percent introductory rates.
5. Find a New Job: It’s better to look for a job while you still have a job. Look around and find new contacts. Consider ways to boost your income, like taking a second part-time job. Uber, anyone?