I quit my job with no savings8/9/2023 ![]() How much money do you have available? How much money are you making each month to cover your expenses? Are you on track for retirement? Are you saving any money each month? How much debt do you owe? These basic questions will help you understand where you land financially. Depending on the reason you are quitting your job, look deep into your financial picture. Money is typically a motivating factor in having a day job, obviously. What Does Your Financial Picture Look Like? ![]() No matter how confident you are in your plan, make sure you come up with a contingency. When you make a plan before you quit, it tends to take the stress away. Take some time to plan out your release from the nine to five. These are all simple questions, and they could come with simple answers. What do you want to do after you quit? Where are you going to go? Who is going to support you? Where is the money to pay bills going to come from? Before you quit your job, start planning. ![]() ![]() If you just get up one day and quit your job, you are going to make life difficult. No matter what you do after you quit your day job, there are specific items to review whether you are financially ready to hand in your notice. Whether you want to become a stay-at-home parent or start your own business, you need to be prepared for what happens when your paycheck stops. A lot of people dream about quitting their day job to pursue a different opportunity. ![]()
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