This question is about how to plan for layoff.

Is it too late to start saving when I receive a layoff letter?

By Zippia Team - Dec. 7, 2022

No, it is not too late to start saving when you receive your letter. Layoff notices can be given up to 60 days ahead of your termination date. The sooner you start saving, the better.

Creating an emergency fund that you put money into every month can help in situations of layoffs. Consider setting up an automatic payment, of something that you can afford at the moment, that goes into a separate savings account.

Is it too late to start saving when I receive a layoff letter?

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