I was a part of the big 2020 layoffs and didn’t start working again until 2021. I didn’t even earn $6,000 in 2020.
Now I have a steady job but you never know, I’m sort of spooked from my past experience but at the same time I want to make sure I earn $6,500 first before just depositing and spending it all January 1st. I know some people do that.
Should I want until I earn $6,500 first then deposit that amount and buy? That way if I get laid off the next day at least I had the earned income and don’t have to have a complicated situation of withdrawing what I didn’t earn. Seems like a mess.
Is there an option of depositing $6,500, then from there just buying as I have the earned income? Such as once every two weeks?
Or do I “risk” it and spend the $6,500 January first and just hope I don’t get laid off the next two months?
I have a decent emergency fund set aside
I probably made this more complicated than it should be, but being laid off and not working until the next year definitely wants me to play it safe with earning the income first
What are you going to do?
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