Normally, we have enough liquid in savings that we could probably go close to a year. I could pay the bills alone if she lost her job, and she could pay the majority if I lost mine, so the savings would last quite a while.
HAHA.. YAh, really..... you have an Extra 22k hanging around ?!?!?
I've only got about 1 months in reserves unless I do some shifting of stuff. I have money locked up in some homes, retirement accounts, and such but really dont have "Liquid" cash to tap into. Changing jobs and not anticipating to get paid for 2-3 months really makes me look at $'s a little differnet now. Although a good thing, it's still not fun
At any rate, It's interesting how many people don't have cash reserves of ANY kind. Others can tap into stuff like I can but it's not easy. and some.. nd I would be only a handfull here, (Not couning the Retired CJCJ ) could live OK if they didn't get any more income.
On saving reserves, only 12 months, thats without loosing any of the little "nice" things in life, restaurant meals, cable tv, oaked chardonnay and overseas holidays, in 3 years time I won't care, Superannuation schemes will start to mature. hump
I only go to work because there's nothing better to do at home.
We could live off either mine or my wifes income comfortably, still have enough in savings to get by for probaly a year or more even if we both lost our jobs. We don't have much debt and live pretty modestly.
I am saying 6 months, it seems like a good portion goes to paying Company chit. If I let go of Employees...stretches it out to 6.5 Months. Good Employees make ya money. The wife came home 4 years ago and stated she was offically retired...did'nt go to that meeting I guess. Most of my money is tied up in a SEP account, I'll sit in a lobby of a bank with a gun and one bullet before I touch that. John
I have enough for a year or a little more, but I may be buying an apartment building with Jorge, and my share of the down payment will end up eating up half of my cash on hand. But the building is under-valued, the rents will bring a nice ROI even with a higher vacancy-maintenance factor, etc.
Besides, if I lose my job, I can live in one of the units...