During this deep Recession facing us, nobody is immune from being laid off. Age or gender does not matter and chances are that sooner or later you will find yourself being let go through no fault of your own. Many financial advisers suggest saving about six months salary as backup if you lose your job. Of course you will need more, but it is difficult to save because the cost of living is increasing and your salary remains insufficient and dormant. I suggest you consider starting an Internet home based business.We all have to learn how to budget, especially when you have been laid off and you are the only one in the household that is working. You can still start and build a home business on the Internet whether or not you have a job. If you have a job, start your business on a part-time basis and if you do not have a job you can do the same. You just have to find creative means of generating money to sustain you while building your business.Here are some tips to budget and save money while building your business:You need to know how much you are spending so that you do not spend more than what you earn. During good times most people do not think about how they spend money because there is more where that came from. Jobs are plentiful and there are no money worries. We know the mortgage or rent and monthly car payments are priority but we do not pay attention to what we spend daily, such as going out to a restaurant to eat, weekly grocery bill, utilities and insurance policies.You need to look for ways to cut expenses if facing a layoff and especially unnecessary expenses. If you are facing a layoff, you need to come up with a plan for cutting expenses. Develop a budget that eliminates most unnecessary expenses, but do not completely cut entertainment.Avoid buying big ticket items, whether cash or credit. If you have credit card debt, consider consolidating your loans into one monthly payment with lower interest rates. If you own your home, think about a low-interest home equity loan. Remember, this is all about survival for you and your family in these troubling economic times.You can also apply for various government aid programs to help you. Do not feel too proud about asking for help; this is your government and you are a tax payer. You certainly will be eligible for unemployment insurance and an extension. You will need this money during start up and building your business. Also, keep in mind you are operating a legitimate business on the Internet and are entitled to same tax benefits as traditional businesses offline.Consider part-time work while starting and building your Internet home based business. Any amount of money you earn will be helpful while you build for your financial freedom.However, a little financial planning may avoid having to settle for a job you do not want, just because you have run out of money.