How long can you survive without work?
- 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!
Size of war chest
Collapse
X
-
Size of war chest
66<= 1 month12.12%8<= 6 months27.27%18<= 1 year21.21%14>= A year or two28.79%19>= Indefinitely or even longer9.09%6AndyW has the only chest I'm interested in1.52%1 -
-
-
-
Comment
-
Not sure if my calculations are right, but apparently even £20K of savings would allow us to manage for between 1 - 2.5 years depending if we got rid of a car when both end up jobless, and if we cut back on going out for dinner.
Can that be right? I mean I know we're up in the North-East but it seems to stretch a very long way... I started contracting with £1000s of debt a year ago and expect to end up with approximately that amount in the savings account despite only being on a rate of £25/hr (£200-250/day) for most of that time.
You southerners can keep your water shortages and high prices...Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
-
-
-
Yeah, that's the next question. When should you enter full thrift mode? E.g. Cancelling things like the gym membership, downsize or be rid of the car, etc.Originally posted by Sockpuppet View PostAbout 2 years if I really cut back from day 1.Comment
-
A few years for me. I just went thru the household bills for the first time in a few years after paying them blindly previously. The gas and electricity were suprisingly low, the water double what it should be ( on a meter from previous owner
, I suspect the kids/Mrs have left some taps on for a day or two as no leaks to be found ). Council tax is quite a biggie if you are going into bunker mode ! I've primed the Mrs that the cleaner and overseas hols will have to go, if she resists I'll send her back to work.
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- How IR35 inflated an £8.5bn consultancy bill — and tests Burnham at the Budget Aug 28 07:47
- Autumn Budget 2026: FCSA’s 5 contractor asks of John Healey Aug 27 04:15
- Andy Burnham's Zoom gripe doesn’t apply to IT contractors, say recruiters Aug 26 03:41
- Check your Loan Recall paperwork for the Isle of Man: it could matter Aug 25 03:27
- Budget 2026: Contractor advisers ask for ‘IR35 reset’ Aug 24 04:57
- Why might an umbrella company fail to pay its total tax bill to HMRC? Aug 18 06:08
- Contractors, here are the late payment fixes that the Lords just turned down Aug 17 08:03
- How will HMRC's Direct Debit plan affect contractors paying VAT and PAYE? Aug 13 23:54
- HMRC's new 'reckless' tax offence: an IR35 game-changer for contractors? Aug 13 13:50
- “I’m not a Machiavellian overlord”: Adrian Sacco breaks his silence on the Contractor Loan Recalls Aug 13 06:50

About a month
Comment