I am also in this position, waiting for my termination notice! I have three kids so even being FI, I am not as comfortable with losing a regular paycheck (nice safety net) and have been dealing with all sort of emotions unrelated to money! I wrote a post about it back in December if you are interested
We will definitely check it out Caroline. We agree that this is a very interesting predicament. One we couldn’t have predicted but we’re definitely prepared for. 🤞🏾🤷🏾♂️
Is health insurance also coverages during the time you receive a severance? That has been the biggest problem I’ve seen with layoff, of course after the money problem.
It depends. Severance packages are negotiable and depends on the nature of your termination, state law, size of the company etc. If you have a partner that has medical insurance, your best bet is likely to get under that. The other option is to explore extending your coverage through COBRA.
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