Monday, December 06, 2010

Unemployment Information...

At a salary of $75,600, gross monthly income of $6,300 and take home pay of $4,575. Do you guys know how much my unemployment might be should I get laid off or where I can go to look for information on how to calculate?

A $1,000 eFund is clearly not going to cover a month of expenses so I am just trying to get a handle on everything before I implement my "plan" in January.

6 comments:

The Borrower said...

I feel terrible sharing this with you. You will be shocked by how little you will get. Let's pray that you are not laid off.

http://www.ides.state.il.us/pdf/benefits/wba.pdf

velvet jones said...

The Borrower, I'm looking at that PDF and I feel stuck-on-stupid trying to figure out how this works. :(

Sallie's Niece said...

Hi Chitown, the maximum you can get I think is $358 a week.

http://www.ides.state.il.us/individual/faq2.asp

gonna_make_it said...

Once umake over a certain amount u get the max unemployment. Someone making $75K is gonna get the max unemployment of like $400 a week before taxes. It varies by state.

Broke by Choice said...

I have had $1000 emergency fund for 3.5 years. I have used it and refilled it on a few occasions, but I haven't needed more than $1000.

It takes some getting used to but now I don't even sweat it.

If I were to loose my job I know that I can take care of the necessities with unemployement. This does not include debt. In a time of crisis I will focus on the food, shelter, transportation, utilities.

Chitown said...

Looks like unemployment would be just enough to cover my mortgage payment and assessments. If I got laid off here at the Bank, I would likely receive a severance package too. Thankfully, my car is paid off.