Possible Lay off

[debtfreeme]

If you are a "we" and your spouse is working, can you life on just that income for the next few months to feel how it would be if you are laid off?

[Chris Leese]

My advice is to budget well, spend minimally and save as much as you can. You should try to save up an emergency fund that will help carry you through if/when you get laid off or suffer any financial hardships. Many say at least 6 months, but I think the amount is a matter of judgment and up to the individual as it would depend on how long you believe it would take to find another job and/or get back on your feet.

But, if you are suspecting the layoff is coming, I agree that you should probably start looking for a new job now as the process can take some time and who knows, you may find something that works better for you!