There have been a few threads about lists of layoffs and reaction to the economic downturn. Since job loss is a big part of this, I am curious what others are doing to prepare for it. I am an IT contractor and my current gig will end right before Thanksgiving, so I will start with mine: 1) Started saving a cushion earlier this year, it can hopefully last me more than 3 months of "normal" expenses. 2) Watching my accounts as a hawk to ensure I know where everything is going. 3) Taking advantage of any good coupons ($10 off $20 at CVS, $150 to open a new Chase account), etc. 4) Started making a list of expenses we can remove from the monthly budget. 5) Refreshing skills in my field (i.e. studying my butt off) 6) Looking for jobs. Duh! 7) Researching unemployment benefits (if they even apply). What about you?