My partner and I both were made redundant as soon as we started a mortgage - As the title states, my partner (26) and myself (27) just took out a mortgage... We've moved into the new place but haven't even paid the first month yet and our workplace suddenly announced that we're being made redundant due to outsourcing our roles to an overseas office as Labor will be much cheaper there. We both work for the same company, but we work in different teams performing slightly different roles. Now we're uncertain about how we're going to proceed with paying off the mortgage since we've only been working here for less than 2 years each and our redundancy payouts are quite small. We went right down to the bottom of the barrel to buy this house so savings are incredibly minimal. Does anyone have any advice or have you been in a similar situation? Personal Finance

My partner and I both were made redundant as soon as we started a mortgage - As the title states, my partner (26) and myself (27) just took out a mortgage... We've moved into the new place but haven't even paid the first month yet and our workplace suddenly announced that we're being made redundant due to outsourcing our roles to an overseas office as Labor will be much cheaper there.

We both work for the same company, but we work in different teams performing slightly different roles. Now we're uncertain about how we're going to proceed with paying off the mortgage since we've only been working here for less than 2 years each and our redundancy payouts are quite small. We went right down to the bottom of the barrel to buy this house so savings are incredibly minimal. Does anyone have any advice or have you been in a similar situation?


Shortnsalty 33d

Berkshire is hoarding so. much. cash.

Berkshire is hoarding so. much. cash.
Goldrush_Greg 64d

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Stonksurfer42 94d

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Moonbagjack 125d

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Chartwizard_Au 155d

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
Tendies_Inbound 1y

#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?

Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?