• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

how big should your warchest be?

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

  • vwdan
    replied
    Mines 6 months or so, but worst comes to the worst and 1) I can stretch it by getting rid of cars and monthly payments 2) I'm pretty sure I can get myself into some kind of job, even if it's relatively low paying.

    (I also have illness cover, separately - can't quite remember what I signed up, £3k pcm for 2 years or something if I'm sign off. It's actually surprisingly expensive, but COVID last year gave me a bit of a wakeup)

    Leave a comment:


  • quackhandle
    replied
    This size is best.

    Click image for larger version

Name:	81vkXCz7B6L._AC_SX425_.jpg
Views:	486
Size:	42.0 KB
ID:	4184287
    qh


    Leave a comment:


  • lorakeen
    replied
    Originally posted by BR14 View Post
    10 to 20 years should be adequate IMO.
    Originally posted by Whorty View Post

    Cheeky git ... no, April 2023
    "baack in the days of Wiliam the Conqueror..."

    Leave a comment:


  • Whorty
    replied
    Originally posted by lorakeen View Post



    so, next month?
    Cheeky git ... no, April 2023

    Leave a comment:


  • lorakeen
    replied
    Originally posted by BR14 View Post
    10 to 20 years should be adequate IMO.
    Originally posted by Whorty View Post
    Mine runs out when i'm 120 years old .... I'll start to think about it in more detail when I get my telegram off King William
    so, next month?

    Leave a comment:


  • Whorty
    replied
    Mine runs out when i'm 120 years old .... I'll start to think about it in more detail when I get my telegram off King William

    Leave a comment:


  • lorakeen
    replied
    Originally posted by BR14 View Post
    10 to 20 years should be adequate IMO.
    we call that a retirement fund

    Leave a comment:


  • BR14
    replied
    10 to 20 years should be adequate IMO.

    Leave a comment:


  • lorakeen
    replied
    Originally posted by ladymuck View Post
    It's all down to your attitude to risk.

    I'd say 6 months is the bare minimum and if you can stash more then you should.
    That seems prudent. Also I think one should factor in the normal demand and availability for one's skillset and plan accordingly.
    I've never been without a contract for more than 2 weeks, but I tend to be over prudent - I'd rather be safe than sorry. But my friend seems to be blinded by the amount of money he'd get and doesn't, imho, consider the risks that come with the move (in NL it's a bit harder to move between contract and perm because mr Taxman is a bit of a c-word).

    Leave a comment:


  • ladymuck
    replied
    It's all down to your attitude to risk.

    I'd say 6 months is the bare minimum and if you can stash more then you should.

    Leave a comment:

Working...
X