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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).
No. I would panic if I had to miss one, however.
2. If you lost your job today, without warning, do you think you could be employed again within 1 payperiod?
Yes, but actually working might be another story. Companies always take longer than they should.
3. Do you have an emergency fund in case a loss of job happens?
Absolutely. This is new for me over the last few years. I am grateful for it. I work more than I need to because I have lived paycheck to paycheck for years. I cut expenses in half (think downsized) and that helped make up the difference between being better off and being broke. |