Just lost my job. Should I pay up mortgage?
Hi everyone! Hope y’all are doing well and thriving. Unfortunately, I was let go from my role within Big Tech and am absolutely devastated. This is the first time this has happened and I’m struggling to accept the hit. I purchased my first home this summer and am freaking out. My mortgage is right at $3,200 a month, I have a car loan for 22K, 5K student loan, and 5K on credit cards.
For context: I making around 100K a year.
I have about $23K in savings, $26K in employee stocks, and a little over $79K in retirement I’ll be taking with me.
I’m thinking to cash out either half or the majority of my employee stock to pay out my mortgage for the next 3-5 months and am wondering if this is the right call? I’ve filed for unemployment as well.
I’m taking the weekend to regroup and will actively begin the job search on Monday. Any advice or perspective would be greatly appreciated. Thank you!!
Submitted November 10, 2023 at 09:23PM by ashduncan25 https://ift.tt/iZAm3Db
