7 Comments
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on March 8, 2018 at 8:27 AM
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
Good luck-
on March 8, 2018 at 9:58 AM
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. 🤞🏾🤷🏾♂️
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on March 12, 2018 at 3:15 PM
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.
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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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[…] you pictures of us on our first big family vacation, showing you our credit score, reflecting on the looming possibility of a layoff or sharing silly screwups that lead to overdrafts in our business […]
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[…] you may recall from an earlier post, this is the same company that had just undergone a major re-organization; one which I […]
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[…] get me wrong. I’m great at my job and have earned my place, but so did the people I’ve seen lose theirs. My point is that I’m not special. I’ve just been lucky enough to avoid the […]
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
Good luck
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.
[…] you pictures of us on our first big family vacation, showing you our credit score, reflecting on the looming possibility of a layoff or sharing silly screwups that lead to overdrafts in our business […]
[…] you may recall from an earlier post, this is the same company that had just undergone a major re-organization; one which I […]
[…] get me wrong. I’m great at my job and have earned my place, but so did the people I’ve seen lose theirs. My point is that I’m not special. I’ve just been lucky enough to avoid the […]