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

[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.

[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.

[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.

[BlueSharp]

About £350 billion.

[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).

[BR14]

FOLPM

ftfy

[northernladuk]

Bump a thread 12 years old talking about 20k to 300k warchests.

How relevant this is today !

FOG

[ChimpMaster]

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.

[WTFH]

Bump a thread 12 years old talking about 20k to 300k warchests.

How relevant this is today !

It's not relevant to permanent employees obsessed with what everyone else earns.

[eek]

Sorry was distracted. Yes it should read 2012 you are correct.

I just went through it and thought 20k these days seems a really low number indeed.

You can tell that almost a decade ago people thought the market was bad and contracting was bad so hope that gives some strength to others on here

There will always be times when the market is bad for some sectors and skillsets

I don’t remember it ever being this bad before - JobServe has always had 10000 jobs listed not the 5000 it currently has

[NowPermOutsideUK]

Sorry was distracted. Yes it should read 2012 you are correct.

I just went through it and thought 20k these days seems a really low number indeed.

You can tell that almost a decade ago people thought the market was bad and contracting was bad so hope that gives some strength to others on here

[Lance]

Bump a thread 12 years old talking about 20k to 300k warchests.

How relevant this is today !

It’s 8 years old......
Only 50% out.

[NowPermOutsideUK]

Bump a thread 12 years old talking about 20k to 300k warchests.

How relevant this is today !

[d000hg]

I also wish I was creative enough or driven to come up with a Plan B to make use of some of the money rather than it just sitting there getting eaten away by inflation. My biggest problem is that I'm too lazy.

Maybe you'd like to fund my plan B

[psychocandy]

Mines 12" and growing....

I see some sad case doesnt like this comment and has told me to grow up on my rep setting.

Ho hum...