That’s fair advice, it’s just that it can be quite difficult for many people to keep their expenses cut to the bone. Many people don’t even know what they are spending. I think a first step is to understand your budget, maybe then make some easy cuts to start increasing your savings, and have a plan how you might cut to the bone quickly if you needed to.

For example, you might analyze your spending and realize that you’d save a lot of money by cutting daily Starbucks and avocado toast and that it’s trivial to make that at home. So you do that now to get some extra savings with no pain. You might also realize that moving back in with your parents is the single biggest thing you could do for your budget, but not a thing you would do unless you were laid off. But you could still have the conversation and be ready to pull that ripcord fast instead of waiting till you were out of money after a layoff.