the screw you fund

I have a friend that believes strongly in the idea of the screw you fund. She once had a professor advise her and her classmates that it was important to their adult life to obtain such a fund for that day that you say, well you know, and quit your job. I always cringed at this story when she would tell it. It went against every logical piece of information I believed and worshipped as a recruiter, you never EVER quit a job without a back up job. Without a plan. Without at least an updated resume. Until you do. Then suddenly this magical “F YOU FUND” would solve all your problems. Real life has made me realize that sometimes you have to let go of a job before you can find another job. It’s a risk and it’s not appealing on a resume, but if you have a job that’s eating up all of your waking minutes then it’s not realistic to think that you can find a job before you leave your job. And no matter what shape the economy is in you never can be certain how long it will take you to land your next gig. What happens if you find yourself in a jobless scenario without a back up job or an F YOU FUND…? Sometimes you wait tables or bartend. Sometimes you do work you never thought you were going to do again. Sometimes you eat your words. So maybe I’ve found myself as a supporter of the f you fund… get you one!

Dave Ramsey always talks about our generation and how we are so quick to think that we need to start our adult life with everything our parents have: a nice house, nice cars, all the furniture and home decor, etc. when in reality our parents accumulated things over years and saved and worked hard and purchased things as life progressed. So don’t feel like you have to decorate your first house from top to bottom when you land a nice job, instead start an f you fund. You honestly never know when you are going to need it-worst case scenario, you never use it.

On the other side of that, I have once had a job where we all came in and were told that “today is our last day” as in they were closing the doors to the business at the end of that shift and that was it. If you already have your f you fund in place then you don’t have a huge need to panic (yes I realize that you should be eligible to draw unemployment in this scenario, but seriously, who can live off of just unemployment?). There are multiple scenarios where an f you fund is logical. My recommendation as a recruiter is to avoid leaving a job without having one if possible, but if you’re going to leave  without one have a solid case for it and have your f you fund.

Author: Kristina H. Minyard, SHRM-CP, PHR

My goal is to challenge the way we view, measure, and utilize HR and recruiting in a positive and encouraging way. I love working in HR and value the network of HR professionals that I also call friends. I'm always learning from my fellow HR pros and find comfort in their expertise. I'm an active member of my local SHRM chapter (NASHRM) and a total HR enthusiast! My HR related knowledge is a mix of recruiting, retaining, engaging and just plain helping people discover their passion. I'm a follower of Christ, Wife, Mom, Corporate Recruiter, Blogger, problem solver, runner, Sports FANATIC & Razorback surviving amongst the [crimson] tide! You can find me on twitter & Instagram: @HRecruit Snapchat: kminny32 Google+: LinkedIn: Thoughts here (and on all my social media channels) are mine and do not represent the thoughts/beliefs of my employer. Why would I name my blog HR Pockets? Read about it in my first post years ago!!

3 thoughts on “the screw you fund”

  1. The six month of expenses put away gives you a different feeling in a job that you may not like. Just know that if you want to you could leave is liberating. But is also true that even with the bad economy an many people that have had their jobs end, recruiters do eliminate people that are not working or even those that have worked for themselves as consultants while looking for that replacement job. So if you can stick it out until you have another job or there is not alternative.
    Stero typing still goes on in the HR industry as bad as I hate to say it.

  2. I think having a “f” you fund allows you a sense of relief and freedom. Relief in knowing if you are laid off you will be okay, relief if you are in a bad relationship (work or personal) you will be okay, freedom to take a chance with an unknown company, freedom to switch careers midstream, etc. Most importantly it is a great way to make sure you have some sort of control in how your life will play out when things you can’t control go haywire. If only this friend had taken her professor’s advice! 🙂 Career wise, I do not regret the bumps in the road but those bumps would have been a lot easier if I had had the “fund”!

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