Do you have a plan B?
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|Sun, 05-18-2003 - 7:15pm|
Another thing to consider is a contingency plan in case the bread winner lost their job. In this economy anything can happen. No one's job is untouchable. Severance and unemployment is good, but having been there it can disappear pretty quickly.
For us, we could certainly be doing better about a back up plan. Right now we both have life insurance policies, but only through work, which would only give us each a couple 100K if something should happen. And we only have three months of living expenses in the bank. What we have going for us is no debt (except our mortgage).
I would love to hear what everyone (WMs and SAHMs) has to fall back on in case of troubled times.