Poll: Could you quit your job and have 12 months backup?

Could you quit your job and have 12 months backup?

  • Yes

    Votes: 173 42.7%

  • No

    Votes: 191 47.2%

  • He's a bit of a nosey bugger isn't he?

    Votes: 41 10.1%
  • Total voters
    405
No, not an option for me. Twins burn through money like it's toilet paper on a bonfire :(

With the wifes job, perhaps 2 months before we're on the streets
 
My mortgage payments are quite low, and I can use over payments in lieu of paying the mortgage if I lost my job.

I worked out that if I did this, I wouldn't need to worry about paying the mortgage for around 75 months, or 6.25 years :D

My other savings would have course vanish though in less time than that for other bills etc.
 
I've ticked no. But in the event of unexpectedly becoming unemployed (rather than resigning) I have two years redundancy cover so would be fine.
 
Yes, we can survive on one of our salaries. We deliberately took a smaller mortgage (about half of what was offered by the banks) so that we'd not be out of our depth if one us lost our job or wanted to leave.

It would not be comfortable, i'd have to stop mortgage overpayments, but we'd have enough to eat and cover the bills, thats about it.

We don't earn massive amounts, we just live within our means.
 
No - but I wouldn't quit my job, nor get made redundant (probably and hopefully), and think I could find an equivilent job quite easily. I don't have any desire to not work for 12 months either - pretty content.
 
12 months easy and possibly could manage for 24 months if I tried.

Not taking into consideration my gf. We can easily live on either of our salaries.
 
I have 2 jobs. If i quit my weekday job I can survive on my part time job as long as I want to, as that job pays for my mortgage and council tax bill.

If i decided to call it a day on both jobs, then I can last for 12 months easily.
 
Since the wife has had to quit working on health grounds we could last 6 months as is. If we were to sell our car and take a mortgage payment holiday against what we've overpaid, then we could last the 12 months but would be absolutely penniless at the end. Unsure if that counts as a yes...
 
I do contracting/consultancy work now so the first thing I did was build up a buffer in case this scenario happened and I was out of work for a prolonged period. Fingers crossed it won't be needed but takes the worry away.
 
If i got rid of some toys that i have laying around then yeah.. if not from savings alone I'd be able to cover my rent and food but that's about it
 
A year easy - with some adjustments to my outgoings could probably make a few years would kind of suck though as not a lot of work I'm suited to around here so almost definitely mean moving if I had to look for another job.
 
Easily. I have a relatively basic lifestyle, don't go out partying very hard except when required, have a couple years worth of cheap living in savings and property to rent.

I wish I could take a year out to pursue some stuff but I can't take the hit on the career.

Could imagine it being more difficult married/children.
 
sports_brah said:
Easily. I have a relatively basic lifestyle, don't go out partying very hard except when required, have a couple years worth of cheap living in savings and property to rent.

I wish I could take a year out to pursue some stuff but I can't take the hit on the career.

Could imagine it being more difficult married/children.
Click to expand...

Yawn you sound a right barrel of laughs.
 
Spook187 said:
Yawn you sound a right barrel of laughs.
Click to expand...

Haha I'm a boring bollix. I get up go to work, come home sleep and then work again.

Don't want to be but in the rut at the moment.I want to retire very early with a vineyard, brandy and the rest of my life to read and write. Can't do that working 9-5....

Edit that's not to say I do absolutely nothing. I take weekends away to different places, go to concerts that suit etc. Just different lifestyle than most which I'm happy with, would just like more free time to pursue creative things.
 
Yes. My wife and are lucky to have saved well and would manage quite easily. We try to have an absolute minimum of 6 months of savings to live well on. Hopefully this scenario where neither of us are working will occur (excluding maternity leave) though.
 
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