Quote:
Originally Posted by RockCrusher
Maybe too late but another thing....
My SOP is to keep around 1 year's salary in cash (well, savings) just in case I get laid off. Which over the nearly 50 years I worked full time happened several times.
By having cash reserves I can be picky about which job I take. And more than once this cash reserve gave me the peace of mind to politely decline an offered position and hold out for a better one.
By not having a car loan and a subsequent car payment -- or really any other debt -- my cost to get out of bed the 1st day of the month is about as low as it can be. Important when one is working. But even more so when one is not working but rather looking for suitable work.
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That's a great idea & this makes me look at what I save a touch differently now.