Is EI (employment insurance) enough to live off? I put EI payments to the test! Learn about strategies to avoid getting into a financial trap.
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If you are wondering how people can live on employment insurance, EI this is the video for you!
I break down the numbers using average rent, electricity, water and internet and see how much money from EI payments is left over to spend on food.
Ultimately it's very difficult to live off EI payments alone. Which is why I highly recommend that everyone creates multiple sources of income. If you haven't been laid off, but are worried about it, NOW is the best time to create additional income streams. So you can avoid having to rely solely on EI payments.
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