Considering you are no longer employed (and probably far behind on your emergency fund), after paying off CC, you should be saving all the money in cash until you are employed again for real.
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Think about building up a bigger emergency fund. The severance is nice, but it wasn't guaranteed and without it I think it would look pretty grim.
RylaiOnMe t1_jed1g86 wrote
Reply to I was laid off - what to do with severance, 401k, etc? by LastoftheGreatOnes
Follow the Prime Directive and/or windfall wiki.
Considering you are no longer employed (and probably far behind on your emergency fund), after paying off CC, you should be saving all the money in cash until you are employed again for real.
​
Think about building up a bigger emergency fund. The severance is nice, but it wasn't guaranteed and without it I think it would look pretty grim.