PrettyBlackDressIf You Were Unemployed, But Had A Hefty Savings Of 10K, In What Ways Would You Approach Your Job Search Differently?
OrbituaryWhat everyone in this comment section calling out “10k isn’t much” are failing to understand is that over 60% of the USA live paycheck to paycheck and don’t have any savings to speak of. Extend that to the world and you would go pale.
Check your privilege and get educated.
More than 60% of Americans are living paycheck to paycheck. Here's what researchers say is to blame.
Even 4 in 10 high-income households earning more than $100,000 are living paycheck to paycheck, a new study finds.
Yea seriously thank you. I’m like mind blown that ppl don’t think that’s a lot of money. 10K would last me almost 2 years not working. I’m single, no dependents, my rent is cheap and I own my car. What’s the deal here man? Why’s everyone pissing on 10k as chump change? That’s a lot of money man
I_Fart_GlitterYou said in another comment that your rent was $800 a month, two years of that is $19,200. Rent is (supposed to be) about 1/3 of your living costs, so that would be $2400 per month. You’re good for a little over 4 months, more if you live very lean.
Average cost of groceries per person per month in Texas is $289. Let’s say you’re thrifty and only spend $200. www.sofi.com/cost-of-living-in-texas/
Gas has averaged about $3.10 over the last year. ycharts.com/…/texas_retail_price_of_gasoline_mont… I don’t know how much gas your car uses or how much you drive, but lets say you drive a prius and get 50mpg. Most people drive about 1200 miles per month ( thezebra.com/…/average-miles-driven-per-year/ ) let’s say you only drive 1/4 of that, so 300 (75 miles per week). Not bad, only $18.60 for gas. Minimum legally required car insurance in Texas (gets you nothing if your car is damaged) is $47 per month (bankrate.com/…/average-cost-of-car-insurance-in-t…).
Average utilities in Texas (including internet) is $402 per month, again you’re thrifty so we’ll halve that at $200 per month.
So, if you buy absolutely nothing besides bare minimum groceries, gas, car insurance and utilities (I’m assuming you’re on no-cost Medicaid here), that’s $465 per month + $800 rent is $1265. You’re good for almost 8 months. Not a dire as some here are claiming, but also not two years. If you lived like the “average Texan” it would be about 2.5 months.