Are you considering leaving your job for more time with your kids? Maybe you are close to retirement or have an aging parent to take care of? On the other hand, you could just desire more time for yourself to travel. Even jumping into a new business of your own will cause you to evaluate your current career time frame.
Whatever your reasons are for wanting to quit your job, I have a little piece of advice. The best way to leave the world of employment is to do it in steps. The first step is to reduce your hours and work part-time for a period before you actually quit work. I hope that this is an option at your current company, but even if it is not… don’t leave until you have found some part-time work.
Jumping into full time unemployment… even if it is for a good cause like to care for a loved one… can be stressful. Whether we love or hate our jobs, they can become a major part of our self-esteem. In addition, they are a source of income. Therefore, learning to balance a new budget on half an income instead of no income is a bit easier.
Wean yourself from the workforce. It will make the whole experience more positive, making it easier for it to be successful. Your mindset will greatly affect your ability to manage your finances at a time of less. Whether you are saving for this time or plan to rely on a spouse’s income, taking a stairway approach will make it easier on both your pocketbook and your relationships.
In turn, once you have given the part-time work life a chance – you may find that it provides you just the balance you desire. However, it could do just the opposite. Either way, keeping one foot in the door, at least initially, provides you with more financial options.
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