Let's say you decide to take a career break or are laid off, one of the biggest shocker is to not receive salary at the end of every month How do you deal with it and what are the income options you tap?
Having an emergency fund of 6-12 months living expenses helped. I put them in fixed deposits over time.
Yeah. Learned it from my first lay-off. It’s always best to have at least 6 months of runaway(includes current expenses plus additional runway for medical expenses-5 lakhs atleast).
Will think about this once EMIs are not a big chunk of salary. Before that it’s scary to even think. Good luck to you though.
I want to quit my job and take a break.
I Have been contemplating to do the same for almost an year but decided not to do it. So many things have happened since then
4-5 months runway isn’t at all enough.
I work in a slowing industry (Ed-Tech!) in a generalist role (Project Management!) for half a decade now! You'd think I would be better positioned to deal with life! Heck, NO!
This crippling feeling of insecurity or job loss always put...
Got hints that I’ll be fired
I presented them with an option of taking a lower level position
The next lower level options top band was 40 percent less than my current pay
I took the demotion given the market and personal circum...
Hey I hope you're all right While the mkt is definitely in downtrend demotion would be difficult for you in long r...
was neglecting my mental health for long time...due to unrealistic deadlines and pressure today got a panic attack at work felt light headed and almost passed out.. currently i am not having any offer in hand so should i quit?.. don't wa...
I have saved 15L in the past 2.5 years, and i am planning to buy a home worth 50 L in tier 3 city. I want to take a Loan of the remaining amount and i am the only earner in my family. Considering the current situation of Layoffs/Downsizi...