The Power of the “F-U Fund”

Mr. SFF calls it the “Go To Hell Fund” but I call it the “F-U Fund”.  But whatever name you use, it is basically the sum of money you have saved that gives you the power to just quit your job at any point, usually when you get fed up with one thing or another, without having to stress about buying groceries or paying your mortgage.  FI is pretty much a giant F-U fund as it means you don’t ever have to find another job but the F-U Fund often starts with having just enough money to give you the power to quit your job at any moment and survive without rushing into another horrible or unsatisfying job.  

This is not a new concept to us as we have actually had enough money for a while that either one of us could just up and quit our job and we would be fine.  Money might be a little tighter in the short term if one of us quit but we would essentially be fine on one income.  And we are close to having enough that both of us could quit which is the ultimate FI goal.

But why is this on my mind today?  Last week I came home completely stressed and discussed an issue I was having at work with Mr. SFF.  After explaining my frustration his immediate response, without any hesitation, was to tell them I quit.  I will admit that: 1) I was completely surprised that he said this, 2) the realization that we would be absolutely fine if I did, and 3) that I am not quite ready to jump ship.  I think in the past I have told Mr. SFF that he should quit when he was miserable with work but never has it been said directly to me.  And I will admit it was quite liberating and also slightly terrifying at the same time.

I have done a lot of thinking over the past week and think that I might be overreacting just a little.  The issue at hand has still not been resolved but my hope is that it will be in the next week or so.  But even if I don’t get the answer I want I am not sure I will actually quit, at least not in the immediate future.  I have big goals and dreams and know that the longer I can hold out the better off we will be.  On a bad day I think “just one more year” while other days I think “three years isn’t that bad”.  Every little bit at this point can make a big difference in our financial security.

Right now our health benefits are through my job and with the Affordable Care Act on the chopping block that puts a big unknown in our lives.  Since Mr. SFF is self employed our state plan would be our only option for health care and I fear how this might change in the next year or two.  I would like to have some sort of idea of what this look like before quitting.

I also have been dreaming of not only how we will spend our time when we leave our jobs, but where this will be.  I can’t imagine leaving our great little state but we may want to change what town we live in.  We currently live in one of our duplexes but I would love to live closer to the mountains.  Right now the mountains are about an hour drive but when we are retired I am going to want to go to the mountains more often to snowboard/ski and hike in the summer and driving an hour each way just seems silly (and wasteful).  So with this dream/plan still very much in the works, I want to save as much money as I can in the near future so that we can figure this out.

So for now, at least today, I am going to sit tight in hopes that things will work out.  If not, I am at least going to try to stick it out until the end of the year and reevaluate based on the market, health care changes, and of course my job satisfaction.

What about you?  Have you ever wanted to tell your boss to go to hell and just walk away from it all?

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