If you were to lose your income today, how long could you last on your savings without raiding your retirement?

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10 years. I live super cheap though

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I have 3. Nice guys, but I am raising them thrifty

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Today. I got $400 in the bank

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Cheers 🥃

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Maybe a month? #paychecktopaycheckballin

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Da KPMG lyfe

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Hopefully long enough to find another job

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One month. Maybe two.

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Sure, theoretically I could sell my house now and maybe pocket $200k to 300k if I move very fast. But I suspect that given the current market I would have a tough time selling and the value will be going down quickly. Plus I need to live somewhere and rent would right now would cost about the same as my mortgage. Though rents may go down now that the economy has tanked.

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2.5 years but only bc I had been saving a chunk in savings account to buy a property this year.

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Misma

Before the divorce... about 4 years. After the divorce... my ex can go without work for 4 years.

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40 months.. I’m Asian :)

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Because I know If I say 3.33 years others might struggle to convert the numbers, so I did the math for them LOL

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#REF

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Hahaha I do Excel, I just don’t excel at saving money.

Here I fixed the formula and got rid of the #REF. Now my formula shows the days between me losing my job (A1) and me looting for food (A2)

=DAYS(A1,A2)
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I am pretty good looking. I would just become a professional escort.

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1 year at currently lifestyle. 2.5 years at adjusted.

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*pours bourbon while petting dog

You needn’t concern yourself with such details.

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2 years

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2 weeks 😓

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Same here

Forever, I’m gonna be HUGE on tik tok

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Reducing some of our lifestyle expenses, should be able to sustain at least 24 months before going to retirement. But that’s absolutely draining all investments and liquidity we have.

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Same here

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1 year at current lifestyle. 2-2.5 years if adjusted and if my wife stops spending. Luckily, the current UI situation would cover most, if not all, of our monthly expenses.

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3 years with no lifestyle change. No I don’t live with my parents. This is money that I am planning to buy a house with.

If I lost job immediately after buying a house: 3 months

I get that lifestyle expenses typically go up with income, but you can still live below your means

likeuplifting

Atleast 6 months. Roughly 5000-5500 dollars a month in expenses. This is with no cuts and absolutely maintaining the same lifestyle .. which is frugal to start with. Most of this is mortgage.. 3k a month. Rest is car payment .. insurance.. food (we eat at home a lot).. phone/internet/electric etc.

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This is in NJ. Any decent place would cost me that much in rent every month anyway. And ey recently moved from 24 paychecks to 26 paychecks a year. In which case I would be close to 30% which is standard.. but still on the high end. No question about it.

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2 years without any lifestyle changes. Would've been like 3 when we were at the market highs :(

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