Quitting your job without a new one lined up is a daunting task, and will cost each person differently. Here are some tips for figuring out your number.
Stock Photo - Business women using calculator, laptop computer, and chart report paper, statistic income on the table in the sunset at the office workplace. via Getty Images
Most financial advisors will tell you to have at least three months’ emergency savings stowed away, but if you don’t know how much your necessities are costing you per month — you may not know how much you’ll need to get by. If it’s not to your liking, you may have to consider staying at your job longer to save up more money. Or, there may be ways to whittle down your budget even more, such as working out at home or downsizing your takeout budget. Do you have an upcoming bonus? Will your employer pay out any of your vacation days or sick time? Do you own stock in the company? Putting some forethought into these variables could help get some extra money into your savings.
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