I'd be screwed. College student budget and high taste FTL

 

I'd be fed right now. The good thing is I realized it. Paying off all debts except for mortgage and upside down car lease (too big a loss to sell it and get something cheap, and payment is small) and will then build a 3 month emergency fund (would be 6, but gf works so not as much needed).

 

The whole purpose of this thread was to get people thinking about what they would do if something like a job loss were to occur.

Everybody should have at least 6 months worth of savings. Open a 6.01% APY checking account and keep it in there.

 

id be screwed after a week or two

 

I could go about 3 months then I'd have to sell the car and the bike. That would get me about 6 months I guess, and last resort would be sell the house, which would buy me about 2 years.

That's all a WAG though, I don't really pay attention to how much money I use to actually live on each month. Maybe I should start.

 

get another job...

 

Sugar Momma, FTW!

 

I'm the same way Rich. I recently did lose my job, and i'm looking at it as a nice break. Granted I did get severance, but when that runs out, if I don't have a job, i'll still be fine for quite a while before dipping into any of my portfolio, selling assets, or liquidating any of my savings.

The only thing that sucked about losing my job, aside from the obvious, is the fact I had to give my company car back

Oh well, here's to a new TL 6-sp navi

 

Without selling items.... I could go roughly 2 years...

 

2 days? lol. i'm still in college with a 20k loan on top of my head. Luckily my insurance is paid for the rest of the year, car is paid in full, cell is only 50 a month, rent is paid at the moment.