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Reply to "How long could YOU go without a paycheck? "
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[quote=Anonymous]If it was just one income lost, we could last indefinitely. We would of course make adjustments, mostly that we wouldn't be able to save as much. We are in our late 30s with 1 preschool child. Have a mortgage, but no other debt. Have normal savings that we could use, and would not have to tap in to retirement accounts, however would probably stop contributing the max to retirement because we would need that income to spend. If both incomes were lost, we would sell our home and move to a lower COL and find new work there. Would probably be okay on no income for 6 months or so, maybe even a full year depending on our housing obligations - meaning if we sold for a decent price and could rent or buy at a much lower price. [/quote]
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