Protect yourself from job loss - MoneySense

Protect yourself from job loss

It’s a tough economy so have some savings to fall back on


Tough as it is, you should try to build up a cash cushion to live on should you find yourself out of work.

Three to six months’ worth of living expenses in a high-interest savings account or money market fund is ideal. Failing that, you may want to have an unused line of credit available for emergencies—it’s much easier to get approved while you’re still employed.