How long can you last if you were to lose your job?

[SockPuppet]

A close shave at work almost led to me losing my job.
After the danger was over, the experience makes me wonder what would have happened if I were to lose my job.
I got a mortgage for the flat, I got monthly expenses to meet, I got some small savings but it would be tough when the next job cannot come by quick enough.
My calculations reveal that I should be able to last 8 months. Is that safe?
What is the average amount of "fat" that we should keep for a rainy day?
Let's hear the views from the forumners.

 

[tanwahp]

A close shave at work almost led to me losing my job.
After the danger was over, the experience makes me wonder what would have happened if I were to lose my job.
I got a mortgage for the flat, I got monthly expenses to meet, I got some small savings but it would be tough when the next job cannot come by quick enough.
My calculations reveal that I should be able to last 8 months. Is that safe?
What is the average amount of "fat" that we should keep for a rainy day?
Let's hear the views from the forumners.

A lot depends on whether you have dependents (elderly folks or children who are not earning income).

 

[tonychat]

A close shave at work almost led to me losing my job.
After the danger was over, the experience makes me wonder what would have happened if I were to lose my job.
I got a mortgage for the flat, I got monthly expenses to meet, I got some small savings but it would be tough when the next job cannot come by quick enough.
My calculations reveal that I should be able to last 8 months. Is that safe?
What is the average amount of "fat" that we should keep for a rainy day?
Let's hear the views from the forumners.

you make a mistake for being an employee. The market is against you for achieving financial well being. Be self-employed or run a business, this is much safer and you will be richer and more secure.

 

[jw5]

A close shave at work almost led to me losing my job.
After the danger was over, the experience makes me wonder what would have happened if I were to lose my job.
I got a mortgage for the flat, I got monthly expenses to meet, I got some small savings but it would be tough when the next job cannot come by quick enough.
My calculations reveal that I should be able to last 8 months. Is that safe?
What is the average amount of "fat" that we should keep for a rainy day?
Let's hear the views from the forumners.

Other than the elderly folks or children dependents that tanwahp mentioned, the most important factor which you didn't mention is the spoilt-princess-dependent wife.

 

[tonychat]

Other than the elderly folks or children dependents that tanwahp mentioned, the most important factor which you didn't mention is the spoilt-princess-dependent wife.

can you describe what is considered a spoilt-princess-dependent wife?

 

[jw5]

can you describe what is considered a spoilt-princess-dependent wife?

if have to describe in one word -------------------- "sinkie'.

 

[Semaj2357]

Other than the elderly folks or children dependents that tanwahp mentioned, the most important factor which you didn't mention is the spoilt-princess-dependent wife.

yeah, that one can be a joy sometimes, albeit a permanent liability - much, much worse if she ever has reason to invoke the women's charter.

 

[ryutanahgou]

If single, healthy, no family commitments still can buy time. If got wife, children, parents to support etc you are fucked.

 

[jw5]

yeah, that one can be a joy sometimes, albeit a permanent liability - much, much worse if she ever has reason to invoke the women's charter.

It's only a joy sometimes if she can provide the occasional soapy massage with her curvy and proportionate body................. :o

 

[SockPuppet]

Other than the elderly folks or children dependents that tanwahp mentioned, the most important factor which you didn't mention is the spoilt-princess-dependent wife.

Of course have to make monthly commitments to old folks and fortunately I have no children.
The spoilt princess dependent wife has matured abit, so.... the sinkieness is less.

 

[Scrooball (clone)]

you make a mistake for being an employee. The market is against you for achieving financial well being. Be self-employed or run a business, this is much safer and you will be richer and more secure.

Coming from a jobless bum like u?

 

[tonychat]

Coming from a jobless bum like u?

technically, you are right, i am jobless.

The strange thing is my income is way higher than those with a job.. how can that be?? Sinkie will never understand.

 

[Dark Knight]

A close shave at work almost led to me losing my job.
After the danger was over, the experience makes me wonder what would have happened if I were to lose my job.
I got a mortgage for the flat, I got monthly expenses to meet, I got some small savings but it would be tough when the next job cannot come by quick enough.
My calculations reveal that I should be able to last 8 months. Is that safe?
What is the average amount of "fat" that we should keep for a rainy day?
Let's hear the views from the forumners.

Many Sinkies didn't bother to plan for serious rainy days.
They get married, buy house, buy car and want to have kids without thinking deep enough whether can they afford it in long run.

For your case I think you will need to have min at least 3 years of savings to tide over the hardship.
There are many PMETs who still cannot find a job after they got laid off.
Many ended up driving taxis, working as security guards and housing agents.

 

[eErotica69]

technically, you are right, i am jobless.

The strange thing is my income is way higher than those with a job.. how can that be?? Sinkie will never understand.

Sure sure whatever you say.

 

[Leongsam]

A close shave at work almost led to me losing my job.
After the danger was over, the experience makes me wonder what would have happened if I were to lose my job.
I got a mortgage for the flat, I got monthly expenses to meet, I got some small savings but it would be tough when the next job cannot come by quick enough.
My calculations reveal that I should be able to last 8 months. Is that safe?
What is the average amount of "fat" that we should keep for a rainy day?
Let's hear the views from the forumners.

Budget for 2 year's worth of savings. That was the guideline I used when I was an employee.

 

[looneytan]

you make a mistake for being an employee. The market is against you for achieving financial well being. Be self-employed or run a business, this is much safer and you will be richer and more secure.

You scum, next time copy and paste must also give credit where you copy from. :oIo:

 

[potter]

i'm making mistake everyday, going to work..

 

[looneytan]

How long can you last if you were to lose your job?

... with or without job, nowadays don't last that long liao ... I'd say about 45 minutes

 

[JuliaScissors]

My view is that we should aim to earn as much as we can and while we can. Because once struck by a serious illness savings could be quickly wiped out.

 

[tonychat]

My view is that we should aim to earn as much as we can and while we can. Because once struck by a serious illness savings could be quickly wiped out.

You never heard of a thing called insurance?