Can You Survive a Month Unemployed?
Can you survive a month unemployed?
My brother shared this with me yesterday and, after going through it a few times, it really got me thinking. I suggest you try it yourself and see what your results turn out to be.
It’s especially staggering because of the high unemployment rate in our country.
One of the first questions they give you was deciding whether or not to purchase health insurance, which took out a huge chunk of the pay. I did purchase it each time because I know how unbelievably expensive it can get to receive medical attention without any medical insurance, but I was just thinking I am going to do the simulation one more time without purchasing it to see the reality of it.
As a recent college graduate myself who is trying to outweigh the balance between going right back to school for a master’s degree in hopes of getting a job or just looking for a job and going back to school later after working for a few years… let me tell you neither is very easy. It’s almost like a catch-22. If I go right back to school, I might be missing out on job opportunities that may become even harder to find in the future. If I don’t go back to school right away, I might not be “qualified” for jobs.
Or: If I go back to school, I’ll be adding another huge chuck of loans for school on myself on top of the ones from undergraduate that will quickly get very high. If I don’t go back to school, I might not find a job with a good enough pay to help pay off the loans feasibly.
Frustrating, isn’t it?
P.S. Don’t forget to leave me a comment below on your thoughts! As always, I’d love to hear from you.