I quit!

JobI’m lucky. I actually really love what I do. But for those that don’t, going to work can be a truly awful experience. Whether you’ve got an oppressive boss or a mind-numbing job, we’ve all had daydreams about marching into HR and handing in a resignation letter. 

Truthfully, most of us are not independently wealthy, and therefore quitting is not an option. Working is a means to an end, whether you love it or loathe it. However, if your workplace is truly toxic, you may be looking at leaving as a means of self-preservation. The question is: can you walk out on your job without running the risk of falling deeply in debt?


Quitting your job is a drastic move. Do you have other options available to you? Check out your benefits. If your workplace is impacting your mental health, you might be eligible to take a short-term leave. This will give you a break, and might lend a little perspective.

Are there other job opportunities in the same company? Maybe you’re not challenged enough, and a promotion might be the answer. What about flexi-work options? If you’re not keen on the company of your colleagues, maybe you can telecommute a day or two a week.

Plan it out

While quitting may seem like a good idea at the time, such a rash decision could cause you serious financial implications down the road.

What does your savings account look like? How long could you be without income before you have to start turning to debt to fund your life?

If you are set on quitting, make sure you have several months cash reserves on hand. If not, set a short-term goal of accumulating savings as a back-up plan.

The job search

While you are accumulating savings, take this time to ramp up your job search. Finding a new job can take some time, and you are well-advised to have another one lined up before you walk out on the one you have.

Update your CV and start working your network. Enlist the help of an agency or become proficient at scouring job sites.