I prefer to call it the fuck off fund. While almost always unadvisable to leave a job before locking down a new one, knowing you could if you so choose is pretty liberating, also allows you to be more honest in your dealings with your company, which can net promotions and other advancement if your contribution has value and is recognized.
This article is amazing.
I’m going to show this to my significant other as a reason to inherently save and reasons why so.
Exactly. I am actually somewhat running into this issue with work now when I was promised a role change but due to poor company performance in 2017 was not able to do so.
At this point I have the “freedom” saved where I can live with my same paycheck for 3 Months but probably go even more frugal with entertainment and others to make it 6 -8 months easily.
Although what I’m probably gonna do is stick with my current role since I work from Home and utilize that time to look at other firms while still getting a paycheck and beefing things in savings further so I have more “freedom”