Save some money, then you don’t need to fear losing your job. Fear of losing your job is a result of poor personal finances.
There’s no need to fear if you have your personal finances in order.
There’s no need to fear if you have your personal finances in order.
God forbid you have to fix your car, or some other unexpected expense. That $1,000 it took you 6 months to save is gone in an instant.
While I'm much better off these days, lots of Americans live the way I just described. You can't save what you don't have.
Let’s use Dallas TX for example, even just waiting on tables you can make at least twice rent. Forgo a car and you’d be able to pocket $500 / mo or more if one was frugal.
It’s even more critical to save when at the bottom of the economic ladder, because it allows one freedom to pursue or invest in other opportunities (paying for school, moving, weathering unemployment, etc.)
We are one stock market pull back away from catastrophe even for wealthy boomers.
Interesting times.
My parents never fought job loss when I was growing up, although sometimes times were tight on a single professional income.
We're a dual-income no kids couple with a mortgage and few 'real' responsibilities.
We have plenty of savings in the bank.
I will never not worry about losing a job. I don't WANT to draw down my savings, for any reason. I don't WANT to have to worry about how long it will last, where the next paycheck will come from.