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Anonymous

14 May 2025

Saving Hacks

How should one prepare financially before quitting their job? Apart from saving 6 months.

Afraid to quit but not happy in current job. Not sure if finances and savings is enough to leave.

Discussion (21)

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Try to find roughly what you want to do next and be clear about objective/timeline.

E.g. I want a clean 6 month sabbatical to travel, think about life, upskill, do nothing etc

Also important to think about how you will get to your next step post-sabbatical. Rough industry. Allocate time to do research, talk to people, get qualified to get into industry.

Also think about how you will be able to cope if your sabbatical becomes longer than you expected. E.g. maybe you planned to take a break for 6 months, but cannot find a job for one year. What happens? Do you have extra buffer worked in? Or will you be willing to take on temporary jobs like Grab etc? Are you prepared to cope with whatever it is mentally/emotionally?

Learn new skills and start to apply for jobs. Save more than 6 months if worried.

Start a 2nd income stream be it small or big

Need to have back up savings...

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