Laid off? Slowing your 'burn rate' can help, but won't keep you afloat for long. Here's how to extend your survivability

If you’re furloughed or lose your job, do you know how much money you’d need to bridge the gap until you start getting a paycheck again? This refers to your so-called “burn rate” — a term commonly used by startup companies to measure how quickly cash reserves are spent before they become profitable. Must Read But it can apply to regular people, too. And it’s increasingly top of mind with the private sector shedding 32,000 jobs in September, according to the ADP National Employment Report, based on the a ...