I'm thinking about taking a break from the grind for four to six months, I'm trying to figure out how much money I should have saved. My monthly expenses are roughly $3,200, that's with no frills. How much should I realistically have saved before I quit my job?

like
Posting as :
works at
You are currently posting as works at

50 K maybe. You want to have significant buffer between what you think you need and cash reserves.

like

Yeah at least. In this uncertain market I'd want at least a year runway to find a new job once I started looking. It's less about covering the time off and more how long it takes you to start getting paid again

like

I agree $50k minimum. $75k ideal.
The market is tight.

like

at least $30,000. maybe more just in case it takes you awhile to find a new job once you're ready to return to work

Not advised…. Think about if you outlast your savings and what the timeframe would be to renter the workplace…. And have to explain the gap in employment

Related Posts

I hate it when I hear an AD say they "can't draw." No one is expecting a work of art, just a shitty sketch that illustrates the idea.

like

Raukten covers Rocket Man. Smh. I feel bad for Elton John.

like

What Deloitte approved BDIP brokerage provides the most margin (leverage) for trading?

Just found out I got put on an out of town job for 3 weeks when I just adopted a dog. What’s better for the dog, a dog hotel or finding a dog friendly Airbnb? Not fully sold on letting someone stay at my house to dogsit

like

Which Mckinsey office in the Middle East is hiring? Does Dubai office still hire experienced hire now?

like

Job Opening

Job Title - Project Coordinator

Only W2 Candidates (No C2C)
Locations - Charlotte, NC; Minneapolis, MN; Des Moines, IA; Chandler, AZ; & Antonio, TX
Hybrid Model ( 3 days onsite & 2 days remote)

Industry - Banking / Finance ( Wells Fargo )

like

If someone says they need something in the next few days does it look bad to finish later that day? Sometimes it's a simple and quick task and just want it off my hands.

like

Hi All, Greetings!

Can anyone give an idea on what is the salary range for a Senior Data Analyst in Gartner?

Thanks

Does LTI gives offer for 2 months notice period?
I had completed my hr round, and hr told she will be ok for 2 months notice period,I had received an Email that I had cleared all the stages but still doesn't hear back from them

like

Will Nagarro do early release within a week. After putting down paper? I have not assigned to any project yet? It's just been less than a month joined Nagarro

like

Thinking of getting a peloton. Anyone actually experience weight loss and overall health improvement from having one?

I make excuses for not going to the gym and the number 1 being convenience so I figure if it’s in my actual home then I have no excuses!

Be nice, thanks! 😊

like

Hi Fishes,
Good day!
Can you please refer me in your company for Automation QA role?
Location - Mumbai
Exp - 7 years
Skills- Selenium, Java, Cucumber, Automation and Manual Testing

like

Hi i am supposed to join capgemini tomorrow. Got an email to submit documents as part of virtual onboarding. I have submitted the same and then i got another email stating "ON SUCCESSFUL COMPLETION YOU WILL RECEIVE READY RECKONER EMAIL". any recent joinees who can help me with what this is?

Best way to reduce taxes on severance pay? Receiving bonus and severance, tips for saving money. Open to charity etc. I’m afraid that most of this will go into taxes. I will max out my IRA.

like

How do you guys decide which city is HCOL , LCOL and MCOL? Obviously CA & NY is HCOL, what about Dallas?

like

Any lady 🐠 up for a drink/dinner tonight? 23 M here.

like

Where is the best place to watch football on Sundays and meet a single guy in his late 20s to mid 30s?

like

I am curious how other inclusion teachers are being utilized when the school is doing remote learning. I find that I am sitting in the zoom class and have very little opportunity to contribute. I am having discussions with my teachers on ways that I can better support them and the students when remote.

like

when Work >>> Life 😅

Post Photo
likefunny

What is the expectation of bonus and increment this year. Share your views and thoughts

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal