Personal FinanceMay 1
RaptivedtzX40
Joining a PIP factory. Rate my cash reserves
I did the calculation for if I get fired in my first review cycle, how much cash I would have and how far unemployment would take me for 6 months. Assuming I get fired January 2025, I can survive until Sept 2027: Cash on hand if I'm fired after my first cycle: $139k Cash after Unemployment: $124k Monthly expenses: $4500 (worst case scenario) Date that runs out: Sept 2027 And that's all before I dip into my investments Rate that for me TC: 220k
Poll
55 Participants
Select only one answer
which pip factory
Pip means no unemployment in most places FYI
Queens for the jamaican food?
Could you explain cash after unem.?
Sure. Current Cash: 76k Sign on bonus: 15k Their 3 months severance: 12k Saving during 2 month pip period: 16k Saving @ 6 months of employment: 18k Should come out to about 139k All these numbers are post-tax