Quitting your job is a big deal, and there are a variety of reasons why you might decide to make this move. Maybe you’re burnt out and need a break, you’ve found a better opportunity with another employer, or you’ve finally decided to take the plunge and start your business venture. However, while most of these reasons offer an alternative source of income – the same cannot be guaranteed if you plan to rage quit your job. Rising inflation worldwide and lack of access to the emergency fund can be daunting even if you have decided to take the plunge.
However, while your money should never define your self-worth, developing a relationship with your finances can be the key to staying afloat. Take a look at some ways you can survive quitting your job.
1. Find A Side-Gig
If you decide to wait on finding a new primary role, or even if you are seeking full-time employment, finding a side gig can help you feel productive after you leave your employment. Consider spending time on a side job that you enjoy to stay productive and possibly make a bit of extra income. Working a side gig can also be an excellent way to make connections in your current industry or a new one and learn new skills. The money you generate as your income will be helpful daily to cover your basic expenses.
2. Track Your Expenses
Now those fancy dinners are a thing of the past. Tracking your expenses so that you do not go overboard can be highly beneficial. You can take help from multiple social media apps to divide your money for utilities and leisure expenses. Creating good old excel tabs can also help you take account of your expenses on rent, groceries and other stuff.
3. Watchout For Discounts & Deals
Discounts are deals that are an excellent way to save some extra cash. Online stores offer significant discounts to their customers. Ordering stuff online also helps you save money by adding the things you only need in your cart. You could also compare prices between stores to ensure you get the best deal.
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4. Keep A Small Sum In Cash
While you might need cash often, carrying too much of it might let you lose track of your expenses. Keeping only a tiny amount of money, between 1000-2000 Rs, will help you notice your immediate necessities and spend on them only in case an emergency strikes.
5. Spend On Yourself
Spending money on yourself doesn’t have to come in the form of extensive spa routines or a membership. You can find joy in something as small as getting a 100 Rs ice cream or a cup of coffee worth 500 Rs. It is as vital to spend small amounts on yourself as it is crucial to saving.
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