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Unemployment and Emergency Fund Usage

November 2nd, 2016 at 02:59 pm

DH has officially been unemployed for 10 weeks (and 3 days) now. I did the math for what we've been spending up until now. So far I have withdrawn $9000 from our Emergency Fund, which works out to $900 a week. We don't use it like that, my withdrawals have been $2500, $3500, and $3000, and we go until it runs out before I transfer more. Close to $2000 of that went to pay for glasses and eye doctor visit, dentist visits, doctor appointments, and prescriptions during our uninsured month.

We have also received 4 unemployment payments, but one came today and is going towards November and the other we haven't used yet so is also going towards November. It will pay for the November medical insurance and whatever other medical we have until it runs out. Each payment is two weeks of benefits. So we have used 4 weeks of benefits, which is $1576. That has all gone towards paying for medical insurance, co-pays, c-pap supplies, and prescriptions.

We have 14 weeks left before DH runs out of benefits. He's worked a job that has paid into unemployment insurance for 32 years, far more than he will ever see back in his lifetime. It's too bad that he can't withdraw based on what's been paid in for as long as he needs to. I'm still hoping he'll find a job by the end of the year, but if not benefits will run out by the end of January and we will have to cover our insurance and other medical costs without any help.

There is $11,000 left in the Emergency Fund, so at the rate we are going that should last until the middle of January, at which point it will be gone and we would have to start dipping into the farm down payment fund of $45,000. I don't want to have to do that, but if we have to it gives us the option of another 10 months or so. After that I don't know what we'll do.

I think if the refineries don't start hiring in November we're going to have to tighten our belts. I know its not as tight as it could be yet. I've not wanted to go full on if there is a light at the end of the tunnel, but I know where to cut and I'm prepared to do it.

8 Responses to “Unemployment and Emergency Fund Usage”

  1. LivingAlmostLarge Says:

    Is unemployment really only 24 weeks?

  2. Kaycee Fisher Says:




    Where I live, the maximum is 20 weeks and the maximum payout is $362/week. Frown


  3. LuckyRobin Says:

    LAL--It depends on your state. It is 22 weeks for Alaska. He's been unemployed 10 weeks, but only collecting for 8 weeks. You can't collect for the first 2 weeks.

    Kaycee--He gets a little more because we have a dependent child. If we had WA state instead of AK it would be twice that.

  4. PatientSaver Says:

    It's also 24 weeks...6 months...in CT. I run out of benefits at the same time your husband does. The job market for my kind of job has been really dead. Not much to apply for.

  5. LuckyRobin Says:

    PS--I'm certainly hoping you and he will both have found something by then. This is not a roller coaster I want to be riding.

  6. alice4now Says:

    LuckyRobin and PatientSaver, sending positive thoughts for great employment opportunities!

  7. LuckyRobin Says:

    Thank you, Alice.

  8. FrugalTexan75 Says:

    Hope something turns up soon.

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