If You Were Unemployed, But Had A Hefty Savings Of 10K, In What Ways Would You Approach Your Job Search Differently?
If You Were Unemployed, But Had A Hefty Savings Of 10K, In What Ways Would You Approach Your Job Search Differently?
The point is not to chill and just burn through the savings and not work. How would having that much money saved, change the way you look for jobs?
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Between my mortgage, child support, and kids college tuition, that would be gone in a month.
However if it were a hefty amount, nothing would change. I’ve never taken intentional time off between jobs and I still wouldn’t. Unless it were a life changing, lottery winning, early retirement amount of money, I’d be too anxious about where I’m getting paid next. I would not enjoy time off
If I were truly unemployed and worried we'd cut back a lot, but currently our expenses are $6k/month. I think I could realistically cut a grand off, maaaaybe grand and a half tops. but only could save more by restructuring debt, and changing my 401k investments.
so the likelihood of 10k lasting 3 months is low.
I always go on a little vacation when I get laid off. Road trips to see buddies, etc. Helps clear my head for the job search grind.
I try to keep it cheap, but with severance, it usually doesn't even ding my savings.