Reply to What would you do - job loss edition

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[quote=Anonymous]I think I know the answer but coming here to check. We both work(ed) in the international development/USAID space. DW was laid off in late Jan, I am luckily still working and think my job is secure for the next 6-12 months. We have been able to pay the bills on my salary alone plus her unemployment by cutting back on things significantly, stopping contributions to the 529s and stopping contributions to retirement savings. We have $25k in a high yield savings account, $120,000 in investment accounts and the rest in retirement and 529s (kids are late highschool and early highschool). When my DHW lost her job we transferred our monthly credit card bill that month to a no interest card - about $12k. Not sure how long DW will be out of work but she's likely to pick up some consulting income in the next couple of months - maybe about $15k after taxes. I assume we should just plug this amount into our high yield savings account to bulk that up but would also like to get rid of that cc debt or put some money in the 529s (which are underfunded but we are expecting some help from the grandparents). WWYD?[/quote]

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