Cut expenses, payoff debt, increase savings... on principle. Then when you see the first early warnings, do the same but twice as hard.
I am well on track to pay the mortage in 4 years instead of the standard 20, have probably 6 months of expenses in the bank, plus another 2-3 months of expenses in a different account because the wife has begin to have funny ideas about what to do with the extra cash. (I have already threaten that I will rather quit before she goes and blows up the war chest in some stupid vacation or something, but still so much for constant vigilance). While I am nowhere near as ready to be let go as of today, I know I will be landing on my two feet if that were to happen.
I am well on track to pay the mortage in 4 years instead of the standard 20, have probably 6 months of expenses in the bank, plus another 2-3 months of expenses in a different account because the wife has begin to have funny ideas about what to do with the extra cash. (I have already threaten that I will rather quit before she goes and blows up the war chest in some stupid vacation or something, but still so much for constant vigilance). While I am nowhere near as ready to be let go as of today, I know I will be landing on my two feet if that were to happen.