A lost job/income doesn't have to lead to immediate financial stress. Some here will be in better shape than others, so...
Congratulations to:
- Those who DIDN'T Mortgage themselves to the eyeballs, but bought a modest, yet perfectly livable home.
- Those who DIDN'T get themselves roped into a 6-8 yr car payment because they just HAD TO HAVE a brand new(and expensive)car. Rumor has it that reliable, decent transportation can be had for a small fraction of the cost of a brand new car.
- Those who DIDN'T sign on the dotted line for an expensive rental, telling themselves and others how they "had to" for work. We've also heard rumor that reasonably priced rentals can be found outside of the city.
State EI is nothing to brag about, but with little to no car payment, low living costs, and forgoing unnecessary expenses, one can live on it.
So congratulations to those who run a tight ship and know that sh!t happens in life, and those best prepared for it will be SO glad they did at times like this.
Last note: I would think you understand that this economic downturn is neither short nor is it mild, as many of you assumed probably up until this week. As the saying goes, "Hope for the best, plan for the worst" will serve you well in these days, but sadly, most don't live by that motto, theirs goes something like....
"Assume the best, plan for even better!!"