Originally Posted by kathymuggle
The answer to that depends on so many factors.
The first one is - will he get unemployment?
The second - what are your housing costs? do you have an equity in your house?
Third - what is the unemployment rate in your area/field?
It can take a long time to save 6 months of expenses. If your expenses are 3000 a month - that is 18,000 dollars! That would take many people years to save. If I was miserable in my job - but could access unemployment or house equity I might quit anyways. Being miserable sucks.
I do think the smarter plan, if he can, is to look for work while still employed. It can be hard to find time to look for work while working full time - but this may be where you can come in (if you have more time that him). Most jobs are posted, and applied for, online. This can be done by significant others or in off hours (it is how my DH got his current job, lol)
he is sooooo miserable.
I tend to think he has it great and should just suck it up.... but he really hates his job.
Im not sure if he can get unemployment, I dont know how it works. He has a job "on the table" if thats what you mean. do you have to be working somewhere for a certain amount of time before being fired or laid off in order to collect?
Our housing costs are a big expense percentage-wise. about 40% of our monthly take home. Not sure about equity. We just bought our house a year ago and have paid less than $1200 on the principal.
Almost all of our payment goes to interest, escrows etc. however, we got it at a super low price being that it was a foreclosure....its assessed at 80k more than we paid and 5 yrs ago (during the boom) it had sold for almost 3x what we paid. I dont know how accurate zillow is but it estimates our house now at 106k more than we paid.
We only have about 3 months worth of expenses in the bank. BUT, aside from the house, we have zero debt. no credit card payments, no car payments, nada.
Because he is in a skilled trade, and winter is always tough, my fear is... he gets another job and leave this one, winter will come, and the new job will get rid of him first because he's "new". no company in his trade hires in the winter, that's when they're all starving for work. that 3 mos of expenses in the bank would go fast!
But he's so miserable. He comes home crabby and mean almost everyday,, and by Friday he's unbearable. It takes all day sat to get him out of his funk, then Sundays are usually good, but as the day goes on he has anxiety about going back.