Money To Live

October 24, 2008

Lay-offs

Filed under: Uncategorized — by moneytolive @ 5:00 am

A friend was laid off a few weeks ago and it made me think about my own situation. If I were laid off (which I do not expect will happen … but who knows with this economy), I could cover my living expenses for 3-4 months without selling any investments. If I qualified for unemployment benefits, my cash would last longer. By tutoring part time, I could make the cash stretch even further. Financially, I am not worried about being laid off.

The worst part of being laid off would be the uncertainty: starting over once again at figuring out what to do with my life. With my current job, I have that question answered for 1-5 years. Past 5 years, I really do not know what I will be doing.

Another big question would be to move or not to move. Having just moved to Virginia, I still am not settled and do not have strong roots here. On the other hand, it would be expensive to break my lease and have my belongings moved.

Fortunately, these are only hypothetical issues. My heart goes out to anyone laid off and facing these tough decisions.

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1 Comment »

  1. Well said.

    Comment by Mary Bold — October 24, 2008 @ 9:59 am |Reply


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