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Anonymous

01 Feb 2025

Career

How much money should i save up and set aside if i am planning to take a career break 6months-1 year?

I am tired feeling burnt out from corporate life.

Discussion (17)

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You should ideally have at least 1 year worth of your current monthly salary. If I were you, I would keep 100 k sgd liquid money.

Use this time to heal your mind and understand what is the cause of your burn-out.

#Not proper financial advice.

You would need to know how much you spend on the monthly basis and whether there are any debts you need to pay for in the next year like your insurance or mortgage etc. You can find and use emergency fund calculators available online.

Burnout is real, and taking a career break can be a great way to reset. A good rule of thumb is to save at least 6–12 months’ worth of essential expenses (rent, bills, food, insurance, etc.), plus a little extra for unexpected costs. You can use emergency fund calculator to get a clearer idea of how much to set aside for unexpected occurrences while on break. If you’re not sure when you’ll return to work, having a cushion beyond that is even better. Also, consider health insurance and any ongoing financial commitments.

Maybe try to go on no pay leave instead...

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