If You Were Unemployed, But Had A Hefty Savings Of 10K, In What Ways Would You Approach Your Job Search Differently? (lemdit.com)

submitted 11 months ago by PrettyBlackDress@lemdit.com to c/asklemmy@lemmy.world

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The point is not to chill and just burn through the savings and not work. How would having that much money saved, change the way you look for jobs?

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[-] AA5B@lemmy.world 16 points 11 months ago

Between my mortgage, child support, and kids college tuition, that would be gone in a month.

However if it were a hefty amount, nothing would change. I’ve never taken intentional time off between jobs and I still wouldn’t. Unless it were a life changing, lottery winning, early retirement amount of money, I’d be too anxious about where I’m getting paid next. I would not enjoy time off

[-] funkless_eck@sh.itjust.works 1 points 11 months ago

If I were truly unemployed and worried we'd cut back a lot, but currently our expenses are $6k/month. I think I could realistically cut a grand off, maaaaybe grand and a half tops. but only could save more by restructuring debt, and changing my 401k investments.

so the likelihood of 10k lasting 3 months is low.

[-] SCB@lemmy.world 1 points 11 months ago* (last edited 11 months ago)

I always go on a little vacation when I get laid off. Road trips to see buddies, etc. Helps clear my head for the job search grind.

I try to keep it cheap, but with severance, it usually doesn't even ding my savings.

this post was submitted on 02 Sep 2023

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