Dh was unemployed for a year and a half - fired for something he did not do, but we had no recourse since it was a "hire and fire at will" organization. Anyway, he immediately applied for Unemployment and received it. He then applied for a program that would allow him to continue to receive unemployment for a year while he returned to school. We were a little surprised, but thrilled, that he was approved. We have minimal living expenses, since we live family, so did not have to change our lifestyle dramatically during this time period. When the unemployment ran out and he still had one semester left, then we cut out corners as much as we could (including lessening payments to my parents for utility costs at their suggestion just until he got out of school). We were very lucky to have a great support system.
During the entire period of unemployment (1.5 years), we only took about $4k from our EF (which started at $10k). Some of this went to our Roth investments, some to regular expenses. I had a good job and supplemented out income by selling real estate all while he was in school.
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