Change Up

iVillage Member
Registered: 07-17-2007
Change Up
518
Mon, 03-22-2010 - 5:33pm

On a debate team, one has to be prepared to debate *either* side of a specified subject area.

So, what points from the "other side" do think have merit. Are there any points that you haven't seen that you think would be hard to counter?

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iVillage Member
Registered: 07-17-2007
In reply to: tryingtoquit
Wed, 03-24-2010 - 6:45am

I don't know about most people, but we have 6-12 months saved in cash reserves. It is a common recommendation made by the financial advice industry. We have more than 2-3 years in other,less liquid assets.

Plus, if the unemployment looked like it was going to last a long time, we would both have our resumes out on the street. Thus doubling our chances of one of us getting a job.

iVillage Member
Registered: 07-17-2007
In reply to: tryingtoquit
Wed, 03-24-2010 - 6:50am

You should have a reasonable plan for everything, but there is no way ANYONE can actually BE ready for anything.

Divorce, actually, does not happen to "anyone". It happens yes. IME, those couples who are in marriages that are rocky, are dual wohp- NOT because dual WOHP leads to divorce. But because rocky sah/woh marriages lead to dual wohps first. IME, not 100% but in the 90's.

iVillage Member
Registered: 07-17-2007
In reply to: tryingtoquit
Wed, 03-24-2010 - 6:54am
But what about the possibility of both working spouses losing their jobs? I have heard about this during this particular recession. Then 100% would have to made up by unemployment and savings.
iVillage Member
Registered: 10-22-2009
In reply to: tryingtoquit
Wed, 03-24-2010 - 10:02am

Mine, oldest and youngest are aslo close in age.

iVillage Member
Registered: 01-09-2009
In reply to: tryingtoquit
Wed, 03-24-2010 - 10:11am
My 3yo just misses the cut off date for school, so we still have two more years before he starts kindy.

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Ducky

iVillage Member
Registered: 10-22-2009
In reply to: tryingtoquit
Wed, 03-24-2010 - 10:19am

Im in the camp of whatever works for you family.


iVillage Member
Registered: 03-08-2010
In reply to: tryingtoquit
Wed, 03-24-2010 - 10:44am
If there is another working spouse and they make enough money then, yes, someone could just live off of unemployment (saying there was no savings and they got a job by the time it ran out).
iVillage Member
Registered: 03-08-2010
In reply to: tryingtoquit
Wed, 03-24-2010 - 10:46am
Interesting. The couples IME lately are ones that have had a SAHM and WOHD that are getting or have gotten a divorce.
iVillage Member
Registered: 10-22-2009
In reply to: tryingtoquit
Wed, 03-24-2010 - 10:47am
kdg part time, nice,
iVillage Member
Registered: 03-08-2010
In reply to: tryingtoquit
Wed, 03-24-2010 - 10:50am

"I don't think people are "setting up a dynamic" for divorce by having both spouses work outside of the home.

Good, then we agree."

Then why did you say that?

"You can't always rely on a spouse to financially take care of you as you never know what life will bring you.

Look it there, we agree, again."

So you have a separate savings account for yourself?

"What would happen if your dh lost his job and could not find another one for awhile ...

We've prepared for such a thing and would do just fine for quite some time."

That is great. Hopefully his job is safe and secure :)

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