For some people, work gets so unbearable they have to quit even before landing a new job. But, before you leave, make sure you’ve at least got some money saved up.
Mathieu Paradis, a financial advisor with Ottawa-based Wealth Strategies, says four months of savings works for someone with strong job prospects, but six months may be better if you’re searching for your ideal job.
If you know you want to leave in a few months, start saving now.
“Put a bit of every paycheque in a short-term savings account so when you’ve had enough you have the financial freedom to change jobs.”