The point is not to chill and just burn through the savings and not work. How would having that much money saved, change the way you look for jobs?

  • @SCB
    21•1 year ago

    hefty savings of 10k

    That is not a “hefty savings.”

    You want to have enough savings for about 3 months expenses, for just such an occasion, so I’d just do my normal job hunt here

    • TechyDad
      2•1 year ago

      That’s what I was thinking. $10,000 for me is about 2-3 months of expenses. Of course, if I lost my job and knew things were going to be tight, I’d cut back on spending. I could probably get that $10,000 to stretch to 4-5 months, but it still wouldn’t make me relax my job search much.

      Now, if I had $100,000 in the bank, I’d be quite a bit more relaxed in my job search. Give me $1,000,000 in the bank and I’d question if I even needed to find a job. $10,000,000 in the bank and I’d retire and live off of the interest.