By: Ceecee
I think it is an emergency to quit a job that is crushing your spirit and lowering your self-esteem. I stayed at one too long and ended up clinically depressed. Guess what those therapy bills cost?When...
View ArticleBy: Money Beagle
I think this is good advice if you retire, but if you are quitting with the intent to go back to work, I wouldn’t use my emergency fund unless it was necessary. Eventually you’ll have to re-stock it...
View ArticleBy: krantcents
Unless you have at least 6 months of expenses in your emergency fund, you will exhaust it pretty quickly. It is a difficult employment market and one should probably get their next job while still...
View ArticleBy: PB @ EconomicallyHumble.com
The economy is still getting battered so I would hold out on the job as long as possible…. having a job right now is a blessing….. even if they employer stinks.
View ArticleBy: Steve
On the one hand, in some industries (including mine, technology), it seems to take only about 4 weeks to get a new job. That’s not so long that you couldn’t survive (knowing the end was near) at an...
View ArticleBy: Flexo
And with the very real threat of your money out, you can be certain your motivation for finding a new job would increase. Many people who want to quit but don’t only lazily search for a new job...
View ArticleBy: Lance@MoneyLife&More
I totally agree with you. If you’re in a bad situation I think you should be able to dip into your emergency fund. However, I think it has to be a truely bad situation. Don’t quit because you always...
View ArticleBy: qixx
Even 6 months is turning out to be not enough for a good portion of the population. According to the Bureau for Labor Statistics (BLS) the average length of unemployment before finding a new job is...
View ArticleBy: Jessica
Emergency fund should be spent in crisis and not to Luxuriate or enjoy; but first of all one should not quit job until other job is confirmed as it is a blessing in current situation to have a job....
View ArticleBy: tigernicole86
I’ll agree that the ER fund is not to be taken lightly. I understand the toll that a toxic job can take. At my last job, I was grinding my teeth every night while I slept( and didn’t realize it) until...
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