1. Are you living paycheck-to-paycheck? Defined: Missing one paycheck would seriously harm your basic living (housing, food, utilities or necessary meds/medical care).
2. If you lost your job today, without warning, do you think you could be employed again within 1 payperiod?
3. Do you have an emergency fund in case a loss of job happens?
My answers:
1. Missing 1 paycheck would hurt but not devastate me. Mising 2 or more, yes - it could be dire.
2. Yes, most definitely.
3. Started one and slowly building it up.
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