💡 Facing job loss or retrenchment?
Don't panic - you have options
Many banks offer mortgage deferment or restructuring for retrenched individuals. Contact your bank early to discuss options before missing payments.
1 of 3
Financial Runway
0.0 months
Until funds depleted
Monthly Burn Rate
$0
Total monthly outflow
Can Sustain?
NO
Shortfall: $0
Monthly Obligations
$2,500
$500$10,000
$2,000
$500$8,000
Available Resources
$30,000
$0$200,000
$10,000
$0$100,000
$50,000
$0$200,000
Income & Timeline
3 months
1 month12 months
0
$0$3,000
0
$0$5,000
Financial Analysis
Monthly Cash Flow
Mortgage Payment-$2,500
Living Expenses-$2,000
Net Monthly Burn$0
Available Funds
Emergency Fund$30,000
Severance Package$10,000
CPF OA (reserve)$50,000
Total Available$0
Financial Runway0.0 months
Recommended Actions
Scenario Planning
| Scenario | Action Required | Financial Impact |
|---|---|---|
| Find job within 3 months | Continue current plan | ⚠️ Need additional funds |
| Rent out a room | Generate rental income | +$1,000/month |
| Refinance mortgage | Lower monthly payment | Reduce burn rate by 20-30% |
| Sell property | Eliminate mortgage obligation | Free up cash, downsize |
Immediate Steps
- • Contact your bank about mortgage deferment options
- • Review and cut non-essential expenses
- • Apply for government assistance schemes
- • Update resume and start job search immediately
- • Consider temporary or freelance work
Financial Options
- • Mortgage payment holiday (3-6 months)
- • Refinance to lower interest rate
- • Extend loan tenure to reduce monthly payment
- • Use CPF OA for mortgage (last resort)
- • Rent out spare room for income