If You Were Unemployed, But Had A Hefty Savings Of 10K, In What Ways Would You Approach Your Job Search Differently?
The point is not to chill and just burn through the savings and not work. How would having that much money saved, change the way you look for jobs?
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That is not a "hefty savings."
You want to have enough savings for about 3 months expenses, for just such an occasion, so I'd just do my normal job hunt here
Oof 10k
That's what I was thinking. $10,000 for me is about 2-3 months of expenses. Of course, if I lost my job and knew things were going to be tight, I'd cut back on spending. I could probably get that $10,000 to stretch to 4-5 months, but it still wouldn't make me relax my job search much.
Now, if I had $100,000 in the bank, I'd be quite a bit more relaxed in my job search. Give me $1,000,000 in the bank and I'd question if I even needed to find a job. $10,000,000 in the bank and I'd retire and live off of the interest.