financial peace

[starsapphire]

Ani's thread got me to thinking today.

DH told me that the president of the company where he works said that it would not be surprising if (a particular much larger company) bought their company. He was checking out the larger company's website. He said he's not particularly worried, they would most likely keep everyone except some of the bosses.

So I thought about what the worst case scenario would be, and that would be that DH would lose his job.

We would be okay. *If* this happened, it wouldn't happen for a long time. DH would most likely get unemployment. I am already saving up a large EF, and this just makes me want to save even more in it. So by the time this happens (if ever) we'll have plenty of money.

That to me is financial peace.

[autumnlynn]

I really hope nothing happens with your husband's job, but you are really smart to beef up that emergency fund. It gives you a peace of mind and you'll be prepared if the worst happens.

[tigo]

I have been involved in company buy outs before and your DH is pretty right. They tend to keep the worker bees and do away with the redundant managers (either at take over or shortly afterward). Most takeovers offer employees that may be axed buy outs or first shot at any openings that come open. Sounds like you are in great shape!