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Reply to "How long could YOU go without a paycheck? "
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[quote=Anonymous]How long COULD we last? We aren't exactly living paycheck to paycheck but we also don't have loads of extra $ once our bills are paid every month. We have about $7.5k in an investment account, and about the same in cash. So, we could hold on however long it takes to use those up - 3 months, I guess, if we kept paying mortgage, student loans, and the minimum on my husband's (ARGH) never ending credit card bills. (WHY HUSBAND) In theory we could liquidate our modest 401ks, as well - that's maybe $175k We also have credit cards and home equity that we could deploy. We could probably beg our parents for some small loans as well. We aren't rolling in extra $$ such that both of us being laid off or furloughed at once would be easy, though. But I would also feel a lot less bad for us than I would for some other people. We don't have kids to worry about, for example.[/quote]
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