What to consider before quitting your job | Fusion - WeRIndia

Quitting your job might seem like a great idea at first, however there are many things to consider before you do this. If you do not have proper financial stability before quitting your job, you will find yourself in trouble. In this modern time, staying in the same company for a decade is not a very smart thing to do. Many people change their jobs these days. Many quit their jobs to pursue their dreams or higher studies. At the same time, many people tend to quit their job to get a job which pays better. While making such a big move, it is important to consider many things before quitting your job. Let’s take a look at some of the things you should keep in mind.

Seek advice

Before quitting, make sure you consult someone who can advise you on what to do. Make sure you take the opinion of your family members as they can get affected because of your decision too. Seek the advice of a proper financial advisor.

Have an emergency fund

When you are thinking of making a move as big as quitting your job, be sure to have an emergency fund ready. This will help you in times of need. If you have an emergency fund, you won’t have to break the long term funds.

Good retirement plans

Make sure you have saved enough for your retirement when you are working a job. Always have a backup.

Have a proper Insurance cover

Make sure you have proper insurance cover for you and your family. This helps you face medical and other emergencies. Make sure you take cover plan which suits you best.

Pay your bills

When you are quitting your job, be sure to be able to pay all your bulls along with EMIs in advance. It is better to keep your outflow of income as low as possible. Always keep some funds ready for the sake of upcoming bills.

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