How much do you consider to be a decent war chest?

[Lance]

Lol how did you even find this thread!

Interesting though, a £300k warchest 8 years ago would have quite easily been spent by now if someone relied entirely and only on these funds.

£300k for 8 years is not a warchest. It's a badly planned retirement. Or someone who can't see the writing on the wall about their skills (or lack of).

[BlueSharp]

About £350 billion.

[CheeseSlice]

All those people saying £20k is plenty!

Try saying that back in March and then throughout summer whilst out of contract and pressing the JS search button.

[BlackCountryContractor]

One thing I need to quietly just say is also with warchests that it is region specific & job specific; e.g. London compared to Birmingham as demonstrated here in this lovely chart can creep with percentages so what you can save for a warchest also needs to take into account that generic qoutes might not last long in certain regions also this been said; We have a variety of IT peeps here from different tiers of the IT contracting industry with variances in regards to pay.

[edison]

One thing I need to quietly just say is also with warchests that it is region specific & job specific; e.g. London compared to Birmingham as demonstrated here in this lovely chart can creep with percentages so what you can save for a warchest also needs to take into account that generic qoutes might not last long in certain regions also this been said; We have a variety of IT peeps here from different tiers of the IT contracting industry with variances in regards to pay.

Exactly, which is why the size of one's warchest in months is probably the only useful comparison. 6-12 months often used to be the advice on here. After Covid hit in March, 6 months seems too low now IMO.