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Home > May 2015 - 7 weeks into unemployment and counting

May 2015 - 7 weeks into unemployment and counting

June 2nd, 2015 at 08:27 pm

Cash & Savings: $53,763 ==> $66,386 (23.48%)
Foreign Currency: $39,690 ==> $39,690 (0%)
US Brokerage: $303,577 ==> $300,094 (-1.15%)
Overseas Brokerage: $251,943 ==> $253,820 (0.75%)
Retirement Accounts: $312,383==> $316,119 (1.20%)
Business Investment: $65,000 ==> $65,000 (0%)
Charitable Account: $11,900 ==> $11,020 (-7.39%)
Total: $1,038,256 ==> $1,053,227 (1.44%)

I’ve been unemployed for about seven weeks right now but due to the untaxed lump sum severance payment and some $700 I received from dividends, medical claims, cash back bonuses, etc, my cash position actually increased. I spent close to $7,000 in wedding related expenses but they will only show up in next month’s credit card bills.
Looking at the month of June, I only have two sources of income – 1) unemployment benefit of $330 per week, and I expect to receive the first check by end of June since I only applied it last week; 2) company share purchase program contribution, which should be over $4,000.

I have enough cash to cover living expenses for a few months but I continue to seek ways to reduce expenses – 1) will downgrade my cable to basic after the promo runs out end of this month, which will save me at least $50 per month; 2) use gift cards as much as I can so I don’t need to pay anything out of pocket, whether it is for household items or for my wedding.

By my calculation I had used about $500 worth of gift cards and cash back bonus since I got let go. I can share how I was able to do this in my next post.

3 Responses to “May 2015 - 7 weeks into unemployment and counting”

  1. VS_ozgirl Says:
    1433334076

    Hoping you land yourself a good job soon, best wishes!

  2. Miz Pat Says:
    1433341350

    You have more money than I ever hope to have in my retirement fund! Good Job!!! I'm sure you will do very well, but I hope you find a job soon.

  3. Easy Cloud Says:
    1433343133

    Thank you, VS_ozgir!

    Miz Pat, thank you as well. Let me just say that it wasn't without ups and downs in the last 16 years - I lost quite some money during the dot com bubble as well as the last recession and I also engaged the wrong woman 8 years ago who took advantage of me but eventually I bounced back. As we know, what doesn't kill you make you stronger!

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