A recent report came out stating that many people wouldn't be able to afford more than one months rent/mortgage repayment should they lose thier job.Dumm & Doumbia wrote:Annoys me that with the amount of resources a country like ours has we still have homelessness. I mean isn't that exactly why the welfare system was created? To prevent it and give those without a helping hand to get on to their feet. My Mum constantly tells me "you're only 6 decisions away from being homeless". It's frightening to think how close it is.
Given that my current rent accounts for almost 40% of my take home pay and bills etc account for another 10% I'd be in a lucky to afford two months and that scares the living bejesus out of me so I've started pumping money into another account to create a 6 month buffer.