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Money and Finances
Reply to "My job may be cut to part-time soon, but I have a new kitchen planned"
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[quote=Anonymous]How much savings do you have apart from the remodel? Presumably you saved for the renovation on top of regular emergency fund savings. What does your household budget look like without your income? What about health insurance? My recommendation is to map out a worst case budget and determine what you can cut back (gas, tolls, lunch) and what will increase if your job goes away (COBRA, electricity) Then consider your employability if you are job hunting. Will it take 6 months? More? If you have enough to find the shortfall then I’d go ahead with the renovation. Otherwise I would halt it. [/quote]
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