The first step before leaving your job is to understand the costs of quitting. Can you afford your living expenses without your current job?
Watch out for unnecessary monthly expenses denting your budget and cut them off entirely. For instance, how many streaming services do you pay every month? How many times do you eat out in a month? What of those gym memberships costing a pretty penny?
It is crucial to set aside savings for the rainy day and have a fund reserve to cover your financial obligation once you quit your job.
Before leaving your job, ensure that you maximize your benefits, including your unused sick leave and vacations. Do you have a Flexible Spending Account with your employer? Ensure that you use it because it is non-transferable and you can’t move it to your new job.