Shift-looking for job opportunity

[disneysteve]

Good for you for walking away from a toxic job. That's one of the huge benefits of living below your means and building a nest egg.

Just keep in mind that the longer you're out, the more you're going to spend down the EF and the more time you will sacrifice funding your retirement accounts. Even though you're late in your career, dollars put in today are still going to compound for 20 or 30 years or more. I'll reiterate the advice to minimize spending as much as you can while you're out. Also, if you have any side gigs you can do to bring it a little cash until you start a new job, lean into those. The last time I was out of work, I sold on ebay full time for a few months. It didn't nearly replace my job income but it slowed the burn rate on our EF.

[bjl584]

I resigned and I am not eligible for unemployment. Also, I am single and not able to utilize insurance connected to a spouse. I will continue to apply to jobs, but I am opposed to taking off 6 months or so. I know how stress can be triggers for other illnesses, so I want to stress-free during my professional transition.

You might actually be eligible for unemployment if you can prove that you were in a hostile and toxic work environment. It might be something to look into.

[LivingAlmostLarge]

Nope congratulations. That's what your savings is for. It's not only for the end of your life, but to make changes that make you happy. Whether it be leaving a job, switching careers, or taking a lower paying. The emergency fund isn't just for losing a job. It can also because for you to transition to something else. Mental health break. Anything. Living below your means gives people options to do what makes them happy in NOW as well.

Sometimes we are so concerned about saving for the future we forget about the present.