In the past year more people have quit working than at any other time in the past decade. This phenomenon being described as the great resignation is taking the economy by storm. As inflation racks up and gas prices soar, making such a hasty decision can leave your finances in the gutter. By following some of the tips below, you can quit with a plan, keep your credit score intact, and your head above water.
One of the most important things to do when considering giving up your salary is having a plan. This includes making sure to store at least six months of savings in case of an emergency. Another area to be concerned about is your credit, which is why it is wise to pay off your cards ahead of time and only use them for planned purchases. Finally, you should seriously consider creating a budget for the next three months. This can be done by calculating your expenses week by week, to get an estimate of your expenditures over the course of a month. Sometimes ,a job loss is inevitable, but with the right plan and a positive attitude, it can be just another bump in the road.
