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How long can you survive without a paycheck?

Discussion in 'The Okie Corral' started by inthefrey, Oct 10, 2017.

  1. 2 weeks

    9 vote(s)
    6.9%
  2. 30 days

    4 vote(s)
    3.1%
  3. 45 days

    0 vote(s)
    0.0%
  4. 60 days

    7 vote(s)
    5.4%
  5. 3 months

    11 vote(s)
    8.5%
  6. 6 months

    26 vote(s)
    20.0%
  7. 1 year

    50 vote(s)
    38.5%
  8. I'm independently wealthy and will never need another paycheck

    23 vote(s)
    17.7%
  1. inthefrey

    inthefrey Moved on...

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    How long could you survive without a paycheck?
     
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  2. snappy

    snappy

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    I could probably make it for a good bit but the little lady would be none too pleased is the issue.
     
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  3. WT

    WT Millennium Member

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    I am retired. I saved my money. I don't need a paycheck.

    However, you guys keep sending me Social Security checks.
     
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  4. crockett

    crockett

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    In a worst case scenario I can buy some acreage, offer a part for lease in order to pay for the property tax, and plant and hunt what I need to "survive".
     
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  5. refugeepj

    refugeepj

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    does that count social security and pension check?
    retired two years, NO MORE PAYCHECK, so to speak!
    every day is Saturday.
     
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  6. plp

    plp

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    I made it 3 months a couple years ago, and pretty much work paycheck to paycheck now. The only problem is, as I'm self employed, might be 3 checks in a week, or 3 weeks between checks.

    I've run the emergency fund down into double digits, then the following week make a 4 figure deposit. It has required a discipline I was not born with, and have to fight off the urge to get all the toys when the money is good and the bank account is fat, because there may be a drought for the next month.
     
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  7. GoBigOrange

    GoBigOrange

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    It amazes me how bad Americans are with money. Hardly anyone is saving enough for retirement. A recent study showed that 50% of Americans couldn't come up with $400 in an emergency. That's scary.

    I drive a 16 year old Corolla and have an emergency fund that should last 4 months. It's all about priorities. Most people make enough to put money away but can't control their spending or make a budget.

    I have some friends that make around $100k and are still trying to pay off their honeymoon from 2 years ago. They live paycheck to paycheck.
     
  8. SGT HATRED

    SGT HATRED

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    You mean survive; like not die?
    Does gvt cheese count as a paycheck?
     
  9. DoubleWide

    DoubleWide

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    I'm assume you mean legally and no money coming in asy all. I'm good for awhile. The problem is do I have health insurance, unexpected expenses like medical, vehicle problems and need the vehicle to look for a job, etc.?

    Do I gut my retirement funds?

    There's monthly bills vs savings and checking and then there's real life.
     
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  10. IndyGunFreak

    IndyGunFreak

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  11. TheDreadnought

    TheDreadnought

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    Depends what you mean "survive". If you mean "keep a roof over my head, food on the table" without any paid work coming in. Quite a while. Years.

    But, to do that we're talking plundering retirement accounts and such. Bad things for our financial future.

    If you're talking doing it with no long-term negative repercussions. . . a few months maybe? But it's unlikely both of us would lose our jobs simultaneously.

    Fortunately, we're DINKS (dual-income, no kids) so that cushions things.
     
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  12. kaisooba

    kaisooba

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    Have not had a paycheck in 10 years. Still to young for SSI,Pension and 401K. They will kick in the next 8 years or so.
     
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  13. Altaris

    Altaris

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    If I kept up my current standard of living, I could go about 2 years.
    If I cut down on a lot(alcohol especially), I could probably do 4 years....though it wouldn't be enjoyable.
     
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  14. wjv

    wjv Zip It Stan Lee.. . .

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    3 years
     
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  15. ysr_racer

    ysr_racer

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    Twenty two months and counting :)

    If you're closing in on 60, and your house isn't paid for, you're screwed.

    I'm amazed at the number of people that have less than $100,000 saved for their retirement. Maybe the government will help them?
     
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  16. CAMSDADDY

    CAMSDADDY

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    If I were to lose my job today my wife and I could survive 9.67 months without any changes. I may or may not have been looking into this. Of course I would never make it. Thats liquid and easily accessible. We could go longer if we cashed some stuff. If my wife were to lose her job we could live 3-4 months.
     
    Last edited: Oct 10, 2017
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  17. lazarus66

    lazarus66

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    About halfway into next year, without getting into my retirement stuff.Things would be tight, but they've been tight before.
     
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  18. oneofthose

    oneofthose

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    It depends on how my current investment in bump stocks and high capacity mags plays out. I'm hoping to retire early.

    :outtahere:
     
  19. Joshhtn

    Joshhtn The eBay Guy Silver Member

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    That's about the gayest thing I've read all day...
     
  20. FEDLEO

    FEDLEO I'm the rootenist tootenist shootenist

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    With investments I would be just fine and since they are dividend stocks life would be fine indefinitely. Working for the feds I am used to doing without a paycheck during shutdowns lol
     
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