I don’t plan on quitting my job, but when I had to quit my job last year to take the one that I have now, it was hard. Luckily my boss realized that I went to college to do something different than what my position at the retail store entailed. A lot of my friends are or have quit their jobs recently to take something better also.
Or maybe you’re just not happy where you are and want something better. Either way, here are some tips from Money Smart Life:
- Make sure your finances are in order. It’s probably not smart to quit your job and not have your finances in order. If you have no money, not enough money, or the like, than try to build these all up if you can.
- Diversify your income or have another job lined up. Try and see if you can take any freelance work or find another job. When I quit my old job, I made sure that I had another job lined up so that my finances and life wouldn’t be crazy and unmanageable.
- Create a plan. If something doesn’t go the way that you had planned, make sure you have a back up plan.
- Refresh your network. If you have a LinkedIn, make sure everything is up to date on your profile. Networking is great for getting a new job.
Do you have any tips for those who want/need to quit their jobs?
When I left my old job for my current one, I was really scared I was making a bad decision. But deep down I knew that where I was employed was NOT a good fit for me. Before I gave my notice I made sure that I had 1 month's worth of pay cheque's in the bank. That made the transition so much easier!
The Happy Homeowner says
I'm reading this at an interesting time b/c while I'm not quitting my job, the other person who has a similar role as me is–today! She works in a different division but we essentially have the same roles. I'm thinking about proposing to my supervisor that I absorb her role (as long as I can get a promotion & raise out of it), but I don't know how to go about doing so given the risk that they'd just have me do both without any sort of salary increase. If you have any advice, let me know! I'd blog about it myself, but I'm not sure if anyone at work reads my blog (and I don't want to find out this way!).
Michelle P says
@Krista, that's how a lot of my friends are feeling. No one wants to quit a job that they think is bad, only to get a new job that is worse.And @HappyHomeowner, I'll definitely look into that and see if I can find any articles!
I would ensure that I had a large emergency fund..probably 6 months worth.
saving for travel says
I agree with Laura, a large emergency fund is crucial.But a great post Michelle!Sft x
Those are some very good points. As I contemplate my future, I know I will be quitting my job (in good terms hopefully) in about 3-4 years, so it always makes me nervous when I have to think about preparing for that step… I'd love for the 3rd step to be more detailed (what exactly to plan?), but it gets me started…
The unknown is always daunting. I am unhappy in current job but it offers good job security and decent pay. I will leave the job once I have a plan. Part of the reason I started blogging (a month ago) is to help me figure out what I want in my life, what would would make me happy, how much do I really really need to live, etc. It's all part of my plan. A lot to think about!
Michelle P says
I agree with you guys, I would try to have at least 6 months built into your emergency fund, ESPECIALLY if you do not have a job lined up.And Tanner, I'm thinking I'm going to do a couple more posts on this as well.