It has been said that you are a couple of missed pay days to the streets.

Is that true. Lets pretend that you lost your main source of income tomorrow. You are unable to find work and have to rely on what you have today.

How long would it be before you were unable to pay your rent/bills and ended up on skid row?

It would probably be the day after tomorrow!

I could probably eke out my existance for 8 months if I maxed my credit cards and used my house deposit. After that I can confidently say I think I'd be on the game.

Wouldn't be that bad. The council would pay my rent, I wouldn't pay council tax, I'd probably downgrade my Cable TV package, may cancel the holiday (but probably not).

I've a few grand in the bank so I could probably last a bit

Never really thought about it till now........errmmm i think i would last a couple of days....then i would have to go on the Town Hall steps:hihi:

How insensitive can you be? I was made redundant and officially finished on Saturday so am now looking for work to see me through until term starts in September.

However, for the sake of the thread's argument, I'd probably last 13 years on my savings and then my pensions would kick in to save me from abject poverty.

However(2), I was hoping that my savings and house equity would remain intact until my pensions kicked in.

What a bummer, Max. Hope things work out for you.

The company that owns my newspaper is considering selling itself to the highest bidder (and threatening to make massive cuts to make it more profitable)... so I could very well be made redundant, along with about 50 other journalists in this town! If that were to happen, I wouldn't have much savings cushion. Maybe a month.

If I had to, I could sell my lake cottage and my primary home -- and move in with my mother. :o I'd be most worried about losing my health insurance after six months, I think.

Frightening thoughts on a Monday morning.

I should be able to manage for 6 months, more if I sold my car.
It would put pay to my plans for a sports car though.

I can't see it happening unless I spend too long on the forum though, we have more work than we can handle.

I would be in **** if I couldn't get ajob. But I always could for example - just go to MacDonalds. They'll take anyone on, as long as you act like your thick.

If i was made unemployed right now, then i'd give myself 30 minutes before i'm on the streets:(

I have £1.25 until i do some private teaching tonight - and barely enough petrol to get me there. Pay tomorrow though! Not bad considering I earn 30k a year!

I always have ways of getting money though - i might get a bit skint (which in my world means only one outfit from primark instead of 12) but I always muddle through.

Should save a bit really but i never do :|

How insensitive can you be? I was made redundant and officially finished on Saturday so am now looking for work to see me through until term starts in September.

However, for the sake of the thread's argument, I'd probably last 13 years on my savings and then my pensions would kick in to save me from abject poverty.

However(2), I was hoping that my savings and house equity would remain intact until my pensions kicked in.:hihi: rolling stones = " you dont always get what you want " springs to mind.......:hihi: :hihi:

Guess I'm lucky that I wouldn't end up on the streets. My parents left my Shrine in tact when I left home.

I reckon I could stretch myself to a year!

It has been said that you are a couple of missed pay days to the streets.

Is that true. Lets pretend that you lost your main source of income tomorrow. You are unable to find work and have to rely on what you have today.

How long would it be before you were unable to pay your rent/bills and ended up on skid row?


i could probably pay my rent for a while on what the tax credit give me but it would only leave me with like £8.75 a week to pay bills and food so i guess id be on skid row very quickly!!:(

ive spent 18 years on the dole, only just got my first job lol so prolly wouldnt be that hard to go back on the rock n roll

However, for the sake of the thread's argument, I'd probably last 13 years on my savings and then my pensions would kick in to save me from abject poverty.

What a bummer, Max. Hope things work out for you.

yeah, what a bummer it must be only having £260,000 savings, plus a couple of pensions!

lol.

I already have at least one toe on the pavement.

At a guess I'd say about 3 years

How insensitive can you be? I was made redundant and officially finished on Saturday so am now looking for work to see me through until term starts in September.

However, for the sake of the thread's argument, I'd probably last 13 years on my savings and then my pensions would kick in to save me from abject poverty.

However(2), I was hoping that my savings and house equity would remain intact until my pensions kicked in.

Sorry Max, I was discussing this with some friends.

I wasn't aware of your personal circs. I don't think I was being insensitive. :rolleyes:

I thought I'd revive this thread. I was reading this (http://nwsheffield.org/2010/10/13/15m-britons-couldnt-survive-until-this-weekend-on-savings/) today and it jogged my memory.

Have you enough of a safety net in case you find yourself in difficulties, and can you even afford to squirrel away something for a rainy day?

Its worth a thought.

We were often in the red when our children were at home. Even with both of us working, neither on massive incomes, the worry was that one of us couldn't work - as benefits were a very different story back in the 70s and 80s. Basically non existant except for child benefit. Mortgage interest rates were also much higher. We would have struggled to last a week at times!

However, now, as a pensioner on what would be considered a low income, (and is much lower than my pre retirement earnings) I really have no worries. Our house is paid for, we have a little bit in the bank and a steady income. And, although my OH has just turned 65 and is now eligible for his state pension, he has no plans to give up his part time job.

I appreciate that we're fortunate - but we do 'cut our coats according to our cloth'.

I should be able to manage for 6 months, more if I sold my car.
It would put pay to my plans for a sports car though.

I can't see it happening unless I spend too long on the forum though, we have more work than we can handle.

4 years since I posted this. I've become self employed since then, a got that car, and then changed it for another.

I don't think I could possibly end up on the street now, I haven't done the maths but I just don't think it could happen.

Well.....as I don't pay rent/mortgage, council tax, gas/electricity/water/telephone bills, house insurance, TV licence etc I could probably live quite happily for some time on just under £60 a week dole. I'd probably have to get rid of the car as it's my main expense but that wouldn't be such a big deal.

I still have the savings I had when I first posted on this thread. However my circumstances have changed. I've upgraded in terms of where I live and I also have a high maintenance GF who insists on fine dining, the best champagnes and holidays to the Bahamas.

;)

I still have the savings I had when I first posted on this thread. However my circumstances have changed. I've upgraded in terms of where I live and I also have a high maintenance GF who insists on fine dining, the best champagnes and holidays to the Bahamas.

;)
You cheeky sod, I'm taking you to Whitby next month because that's all and I can afford and as I have just lost one of my jobs I will be on the streets when I come back:(