How long could you go without a paycheck?

[Cyberian]

<< About 4 months from savings. If I cash investments, I'm not sure how long. A while though. >>


hammer09
I'm just curious. What do you consider the difference between savings and investments?

 

[bozack]

a while

 

[Static911]

about 1 year

Started a company and well, no income...I drained my savings like no other...

Static911

 

[AU Tiger]

With the six months of unemployment supplementing my savings I could probably go for six months. Then I would clear out my DVD collection on the FS/T forum and two of my three computers. After that money is gone I would have to think about tapping my 401k and maybe even my wife's Rollover IRA or using some of the large credit limits I have on my credit cards. Of course I could make my wife get out there and find a job. Things would definitely change.

 

[geekender]

<< What do you consider the difference between savings and investments? >>



I would say savings is short-term easy access accounts (savings account, short term CD's) and investments as stocks, bonds, etc. Long-term holdings.

 

[Peetoeng]

I've got no paycheck since February but could go till the end of the year, AT Hot Deals not withstanding of course. Longer if I decide to sell my junkie car for a few hundreds bucks plus saving from insurance and gas.

 

[SCSIfreek]

couple years...cause GF is working hahahahha.... <---She can pay for me. else I'll have to jump into our CDs and IRA's. I should be ok for at least 8 months to a year.

 

[TheOmegaCode]

I always heard from my econ teacher that the avg American is not 3 paychecks away from Bankruptcy, but living on the street...
As for me?


<< if im living at home.. forever >>

 

[JEDI]

<< With the six months of unemployment supplementing my savings I could probably go for six months. >>



yup, unemployment pays my basic expenses: morgage/food.

and i could last another 3 months after that. so 9 months