Question

Do any of you have a job that has an end date such as me, since I am a nanny? My current position will end at the beginning of July. Last year it took me 3 months to find a new job and I was about a month without one other than picking up side gigs. Just curious if I should build up my Emergency fund or put most of it towards my debt? I definitely had to use savings last year when it happened.  

Answer 1

I would both start looking for a job a couple months ahead, and then maybe slow the bill pay around that time and instead start putting more toward savings (just incase). I would also ask your current family for a recommendation letter NOW that you can include with any new potential jobs. Since it won’t be a surprise parting i am sure they would be happy to do that for you. Always good to plant the seed now so they have some time. Good luck

Comments

@saboteur oh yes that is a very good idea thank you for that

Answer 2

Yes. I have started looking now  

Answer 3

I am in the same position. I will be leaving my nanny position of 5 years the end of May ☹️. I figured out how much I would need for 3-4 months living expenses and then divided that by the weeks till I’m done. That savings is my priority. After that any extra money I am throwing at debt! Hopefully I will find a job starting soon after and then I can take some of that emergency fund money and put it towards debt  

Comments

@morie9359 I definitely will not be able to save 3 to 4 months by then because my budget is very tight but I will save as much as I can starting now