Career

Losing an income can be a devastating blow for anyone… both emotionally and financially.

While you may not think about it often, losing your job can really put a spanner in the works and send you into financial mayhem. Have you considered what you would do, and how long you could survive, if your main income was taken away?

It is worthwhile doing the exercise even if you’re in a secure job because you never know what could happen. Work out how much you would need to scrape by on and then look at your savings to see how long you could survive.

An old boss of mine recommended that I should always have savings atleast equivalent to 6 months salary because working in the media is so risky.