<prompt> Human: Hey PF,Its getting tense around my office, a lot of nervous people, a lot of people interviewing, a lot rumors floating around. Some people may have been laid off this week. I have been interviewing myself, but i find the opportunities around my current salary few and far between, I may have to take a new job at a much lower salary, which will put stress on my budget since I have a mortgage that takes a significant chunk of my monthly budget. My main fear is that my company goes insolvent before I can find another job. My firm could be insolvent in a few months, perhaps in a year or two, but with how people are acting around here Id say its the former. The only saving grace is if a private equity firm takes us over and restructures us, perhaps cleaning house of the upper management.So PF, how should I prepare for the next few months? My eFund is small right now, but slowly building up. I plan on explaining to the wife what I believe is going on, because I need to get her on board with living well beneath our means to help grow our eFund more rapidly. Unsure what else I can really do at this point, I guess Im looking for advice from someone that has experienced something similar in their lives.  <response>: Stop paying any debt payments except the minimum. Start cutting expenses NOW as if the layoff already happened. Save as much cash as you can. Step up that job search.If you find a job in time, hooray, you can use the extra cash savings to catch up all the expenses you reduced. If you dont find a job in time you will be glad to have as much savings as you can. 