Imagine you’re fresh out of school. You’ve landed your first job and moved into an apartment of your own. After carefully crafting a budget that accounts for every dollar of your salary, you can pay your bills and even put away a little bit into savings each week. All in all, you think you’re doing pretty well.
Then, without warning, you get laid off. All that income you’ve budgeted is gone. You can’t even collect unemployment because you haven’t been working long enough.