Part 1: Financing a Job Transition
Transitioning jobs can be a strain financially. For my next couple of posts, I want to discuss my financial situation because personal finance is a topic I am VERY interested in. Not everyone is in a position to quit their job and look for new work. Many of us have to build a safety net before we can make that leap and we can’t risk any period of unemployment.
I don’t think money should be a shameful secret, and I think we should be able to talk about it openly (if we’re comfortable). That being said, I understand that I am coming from a place of privilege as a white, middle class person who never faced absolute poverty.
My background is working class; my parents worked in the food service industry and didn’t go to college for their eventual careers (dad in engineering, mom in education) until I was in elementary school. When I turned 18 I was on my own financially and paid for college through a combination of scholarships, student loans, and part time jobs.
So that’s where I’m coming from.
Over the course of the coming weeks, I am going to share my experiences with:
Getting out of debt for personal and professional freedom
Leveraging an emergency fund to switch careers
Transitioning jobs on a tight budget
Disclaimer: I am NOT a financial professional (although I work in the training department at an investment management company, that’s not my job function). My experiences are unique to my upbringing, and I’m simply sharing my story of how I managed my money during the job transition. I’m not giving any official advice on here.
