Because of economic uncertainty, some companies have resorted to pay cuts to help cut costs. For the workers affected, it likely means scouring their budgets to trim some of their expenses. Taking a pay cut means facing the reality of no longer living the same financial life.
If you’ve just taken a pay cut — or you’re worried that you might soon be facing one — here are four strategies to handle your finances after your salary is reduced.
1. Update Your Budget
First and foremost, create a budget if you don’t already have one. List all your expenses for weekly purchases, from groceries to gasoline and parking fees. Add monthly bills, including rent or mortgage, car loan, streaming services or cable, cellphone, utility bills, credit cards, student loans, and any other debt such as personal loans.
Next, examine all your expenses to see which ones you can lower or eliminate for the next six months. Add your income and include part-time jobs or side hustles, tax refunds, bonuses, and any child support or alimony. This will help you determine how much money you can spend for necessities, expenses, entertainment, and other things such as doctor visits.
In addition to a budget, create a plan for both short-term financial goals and long-term goals. A plan will help you determine when you can pay off any loans and how much you want to save for something like a down payment on a house.
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2. Track Your Spending
You could use a free money tracking app that can help you keep tabs on your spending and help manage your debt. To track your spending, decide if you want to track it daily, weekly, or biweekly. You might try different time periods before you decide on one.
After you track your spending for two or three months, you’ll see a pattern emerge that indicates where most of your money goes.
3. Cut Expenses
One place many consumers can cut costs is from entertainment, such as their streaming services. These can really add up. Canceling all or some of these services can improve your cash flow, which is how much money you have left over at the end of the month.
Another place where you can slash expenses is from your food budget. Consider using digital coupons, shopping at warehouse clubs, or going out to eat for lunch instead of dinner to save money on food.
Your expenses include debt such as credit cards, student loans, and personal loans. Paying more than the minimum balance, refinancing to a lower interest rate. and making extra payments can help you pay down the loan sooner.
Consider refinancing your student loans by checking out both fixed and variable rates. Interest rates are at historic lows. You might be able to pay down your credit card bills faster by taking out a personal loan; those interest rates are often lower. And if that’s the case, the debt could be paid sooner.
Automating your finances can make your life easier. This will also help you avoid paying late fees. You can either have your bills paid automatically through your checking account or set yourself a reminder on your calendar if you have some bills such as utilities that are a different amount each month.
You can also automate your savings. You can have money taken out of your checking or savings account each month and have it automatically invested into your workplace 401(k) plan or an individual retirement account (IRA).
In addition, you could consider opening an online bank account with a high-yield APY. That way, your savings could earn money for you as it’s sitting in your account.
Ways to Save
When your salary has been slashed, there are several ways you can save money immediately and long term.
Call your mortgage, auto loan, utilities, credit card, and student loan companies to see if you can defer loan payments for several months. Skipping a few payments can help you get back on your feet sooner. If the company cannot provide this option, see if the interest rate can be lowered on, say, credit cards.
Check with your local nonprofit organizations. Many provide food or partial payments for utility bills. Look online to see if stores are offering deals. Stock up on staples such as beans, rice, and pasta if they are on sale.
If you are still short of money, you might consider talking to family members and friends about obtaining a short-term loan.
Now might be the time to use credit card rewards for cash, food, or gift cards.
People who have been saving credit card rewards for a vacation might want to go ahead and use them now. Some credit card companies will let you transfer the rewards for cash to your statement or use them for food delivery.
Other companies let you use your rewards to receive gift cards. Using these gift cards at retailers that sell staples and necessities such as food, detergent, and other personal items can help you spend less money.
Many credit cards will give cash back on purchases such as food and gasoline. See which credit cards are the most beneficial for your financial needs before signing up for a brand-new credit card.
Another way to save money is to use cash for gasoline. Some gas stations offer a cheaper price for consumers who use cash. The savings can add up quickly, especially if you have a longer commute.
Finally, each month, look for other ways you can save money. If your credit card company denied your request last month to lower your interest rate, try calling again. Rules can change often.
4. Save for Retirement
While you could skip saving for retirement, it’s ideal to continue socking away some money each month from your paycheck into a 401(k) plan or IRA. The money you stash away for retirement can lower your taxable income, meaning you’ll owe the IRS less.
Continuing to save money for retirement is a good habit, especially if your salary reduction is temporary. Once you stop contributing to a retirement account, it can be difficult to catch up on your retirement savings. If you have your retirement contribution automatically deducted from your checking or savings account, saving for your future is easier.
The Takeaway
While it can be difficult to navigate a pay cut, creating a budget, tracking your spending, shopping for deals, and cutting expenses can help you save and get through a tough time.
In addition, opening a new savings account could help you maximize your money. With SoFi Checking and Savings you’ll earn a competitive APY and pay no account fees.
See how SoFi Checking and Savings can help your money do more.
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You are here because you want to vent, so you searched “I hate my job.”
We all have that one job we hate. We might work at a place where the boss is mean, the workloads are too heavy, or maybe there’s been an issue with company culture for some time now and no amount of persuasion has worked to fix it.
If you’re reading this article right now, then you likely know exactly what I’m talking about; something just doesn’t feel as if it’s clicking anymore. The hours and days drag on trying to find your spark again and you’re just not getting anywhere.
You hate your job.
This is why it’s important to ask yourself if a career change might be the answer, or at least offer some insight into whether or not your job is worth keeping.
You hate answering the question, “what do you do for a living?”
While this may seem like an easy or daunting task, there are a few things that should help you figure out if the time has come for a change.
Are you at that moment that marked the end of any hope you may have to continue to work the job you have?
Is it normal to absolutely hate your job?
No, it’s not normal to absolutely hate your job.
Most people experience some level of dissatisfaction or unhappiness at some point in their careers.
What do you do when you hate your job but can’t quit?
You need to find a way to make this job work for you.
While it may be difficult to focus on anything other than how much you dislike your job, there are ways to make the job work for you and improve your situation.
Most importantly, you may need to adjust your expectations or find a way to deal with the negative aspects of the job.
If this is not possible or if it is not feasible, then it might be best to look for another job or transfer to a new boss.
How do you deal if you hate your job?
If you hate your job, it can be difficult to deal with. You may feel like you can’t escape or that your situation is hopeless.
However, there are things that you can do to cope and make the best of the situation:
You may find it helpful to talk to friends or family about what’s going on and see if they have any advice.
You can also try looking for other jobs or exploring options for transferring or quitting your job.
If all else fails, consider seeking professional help.
There are many ways to cope when you hate your job, and each person will react differently depending on their individual circumstances and personalities. However, most people find some way to get through tough times by proactively taking steps to find joy in their job.
How long should I stay in a job I hate?
Well, the answer depends on what your situation is and your personal options.
Staying in a job you hate pays the bills, but probably doesn’t help in the work-happiness balance.
You have probably run through all of the good excuses to miss work.
Below, you will find tips on how to cope, but more importantly, steps to change your situation for the better.
I Hate My Job – How You are Feeling in That Place
This is a difficult situation to be in.
You feel like you should love your career! You spent money on a college education, maybe this job is a transition for you, or possibly you took the job everyone expected from you.
Regardless of how you got here, you need to look for the right role and work environment for you going forward. Life stratification means something, right?
1. You’re Suffering from Workplace Burnout & It is a Problem
Workplace burnout is a condition in which an individual has reached the end of their rope. They’re no longer able to take the stress and demands of their job and are overwhelmed.
How You Feel: Workplace burnout can happen to anyone, but it’s particularly common among employees who are stressed out by demanding deadlines or unrealistic expectations from their boss. When you reach this point where you are no longer able to cope with the stress at work, you may experience symptoms such as mood swings, fatigue, and decreased productivity.
What to Do: If you feel like you’re struggling to keep up with your job and you’re starting to suffer from workplace burnout, there are some steps that you can take to get back on track. First, talk to your boss about what’s going on – explain that you feel overwhelmed by the demands of your position and ask for help adjusting your workload. If that doesn’t work, consider looking for another job – even if it means taking a pay cut in the short term.
Workplace burnout is a condition that can be debilitating, so don’t wait until it’s too late before trying anything else!
2. Your Work Is Overlooked and Undervalued
When people feel like their work is overlooked or undervalued, it can lead to a number of negative emotions. These emotions can include frustration, anger, and sadness. You want to hear “I appreciate you or get a letter.”
How You Feel: You feel like your work isn’t given the credit it deserves. This might be because the job is boring or mundane, or because you feel the work isn’t appreciated by others in the workplace. When this happens, it’s easy for these feelings to simmer down and fester.
What to Do: If you’re feeling frustrated at your job and don’t know what to do about it, consider talking to your boss. Discussing your concerns might help them see how important your work is and spark some ideas for how you could improve it. Additionally, contacting professional organizations that focus on career development can give you advice on where to go from here.
3. You’ve Been Stagnant for Some Time & Not Given Growth Opportunities
When you’ve been stagnant, you’re not moving forward or improving in any way – especially if you haven’t been offered a promotion. This could mean you’re stuck in a job you don’t like, haven’t taken any steps to improve your skills, or just aren’t making any real progress climbing the corporate ladder.
How You Feel: Stagnation can be frustrating and discouraging especially if you have been a loyal employee for a while. You are tired of being looked over for that promotion by a work colleague. You are wondering if you should dust off that resume and start drafting cover letters for a new job.
What to Do: There are many proactive things to do on your own when you feel stuck.
Take stock of where you are right now. Sit down and make a list of all the accomplishments and successes that are linked to your current job. What does this say about how satisfied you are with your position?
Evaluate what kind of skills you need to advance in your career. Do some research online or attend relevant training courses offered by your company or industry association.
Think about what kinds of changes would make the biggest impact on both you and your company/organization that employs you. Are there new technologies available that could help streamline operations? Could new policies be put into place that would benefit the organization as a whole?
Be proactive. Start reaching out to other professionals within your field and see if there’s anything you can learn from them. Networking is one of the best ways to grow your career, and it won’t take much effort on your part.
Be patient. Things may not change overnight, but over time they will improve. Don’t get discouraged; stay positive and continue working hard towards your goals.
4. Your Workplace Is Toxic or Hostile
A workplace is considered toxic or hostile when employees feel uncomfortable, unsupported, or threatened. This can lead to decreased productivity and morale, which in turn can result in negative impacts on the business.
In fact, the toxic culture is driving the Great Resignation we are seeing right now (source).
How You Feel: When you don’t feel like you can open up about your concerns, it creates an environment of mistrust, tension, and poor communication between all of the employees and your managers. This type of environment is difficult to overcome, and will eventually lead to burnout.
What to Do: The best way to avoid a toxic workplace is by creating a culture of transparency and trust. By airing out any problems early on, you give yourself the opportunity to work together harmoniously towards common goals instead of against each other.
5. Be Careful About What You Say and to Whom
Be careful what you say to whomever you talk to online and in-person, as your words could potentially be taken out of context and used against you.
How You Feel: It can be tempting to share your frustrations with your job with friends or family. But before you do, make sure that they’re comfortable talking about work too. If they’re not comfortable discussing their jobs openly, it may not be the best idea to bring up yours either. And if someone does overhear you speaking negatively about your job, don’t worry – they probably won’t repeat what you said!
What to Do: When you talk to people, be careful about what you say and to whom. It’s important not to offend anyone, especially not your boss. You never know who might be listening in on your conversation – or recording it!
6. Take a break
Sometimes it’s tough to keep going when you’re feeling down about your job. But sometimes it’s important to take a break and focus on other things in life.
How You Feel: You feel like you are grinding and going in a million different directions. As soon as you feel like you get ahead, something knocks you down and you feel like you need to start over.
What to Do: Taking a break can be helpful in many ways. It can help you clear your head, refocus on your goals and come back with a new perspective.
Sometimes all we need is some time away from our job to get back on track.
If taking time off isn’t an option or you don’t think it will help, there are other things you can do to improve your situation once you feel a little more refreshed. Thus, why adult coloring books have become so popular.
7. Miserable in the Work Building
You want to feel happier and more productive at work, but that may happen by taking steps at home and with your family.
How You Feel: When you’re feeling miserable at work, it’s harder to focus on your job and perform at your best. You are counting down the seconds until your shift is over.
What to Do: Taking steps to improve your well-being outside of work can help you feel happier and more productive. This includes things like exercising, eating a healthy diet, getting enough sleep, etc. By improving one aspect of your life, you’ll be better equipped to handle stress in the workplace and achieve success.
8. Your Projects are Underappreciated
Many people believe that their work is just a necessary evil, something that they have to do in order to get by. But the truth is, your work is incredibly important – it’s what allows us to live our lives. Without a job, we would be unable to pay our bills or afford food.
How You Feel: According to a recent study, almost three-fourths of employees feel their job isn’t very important and receives little recognition from their employers. This is difficult when you pour your heart and soul into an assigned project at work.
What to Do: If you’re unhappy with your current situation and don’t think your work is receiving the recognition it deserves, there are probably some things you can do about it. Start by talking to your boss about what you’d like to see change – maybe there’s room for improvement in how your department is managed or prioritized. And finally, make sure you’re giving your best effort every day – if you’re putting in the extra effort but still aren’t satisfied with your career path, it might be time for a change.
9. Your Talents are Wasted and the Effects are Feeling Undervalued
When you feel like your skills and talents are not being appreciated or utilized to their fullest potential, this can lead to feelings of depression, stress, and burnout. Oftentimes, these negative emotions are compounded when we don’t have a clear idea of what we want in life.
How You Feel: Chronic undervaluedness can have serious consequences on our mental health. It can lead to feelings of low self-esteem and insecurity, which in turn can lead to problems such as depression and anxiety. Furthermore, undervalued employees are less likely to pursue career opportunities that may be better suited for them. This leaves businesses struggling to find qualified candidates and increases the chances that they’ll need to recruit externally in the future.
What to Do: The good news is that it’s possible to overcome feeling undervalued by focusing on celebrating yourself. In fact, I recently finished this book and realized I contribute to putting myself down more than others around me. Start by taking awareness of negative thoughts and make a swift change to change them to the positive.
10. There Has Been an Uncomfortable Change in Leadership
This tends to lead to the most job-hopping because of an uncomfortable change in leadership, which can lead to a number of different emotions.
How You Feel: More likely, you feel one of the most common reactions of sadness, confusion, and anger. When a leader is replaced or leaves a position of power, it can be confusing for the people who work under them. This can lead to feelings of sadness and loss, as well as confusion about what’s going on. You may also become angry because they feel like your position is threatened.
What to Do: It’s important for leaders to communicate with their employees about the changes so that everyone understands what’s happening and feels comfortable using the new leadership structure. This will help reduce the amount of confusion and chaos at work, which will ultimately improve morale. If this doesn’t happen, then try to sit down with your new and old boss for a discussion.
11. Your Values No Longer Align
This can happen when new management comes into the work environment or a personal shift in life notification for you. When your values no longer align with those of the job, it can be difficult to stay motivated.
How You Feel: When you first accepted the job offer, everything felt right. You were excited about the challenge and the new opportunities that this new position would bring. However, after a few months, you start to notice some discrepancies between your values and what is required of you in your current role.
For example, you may not feel comfortable using profanity at work or participating in unethical behavior. In fact, you may even feel morally opposed to these behaviors.
What to Do: If your values are no longer aligned with those of the job, it can be hard to stay at the job because you no longer see any value in what you’re doing. This can lead to feelings of frustration and dissatisfaction.
Additionally, consider job-hopping and start scheduling interviews for another job that better aligns with who you are as a person and what matters most to you. When you find a job that you love and feel passionate about, it will be much easier to stay motivated and happy in your work environment.
12. Your Confidence Is Dwindling
It is deflating when work is off sync and nothing seems to be working out how your hopes. You know their adjustments to be made, but you aren’t sure where to start
How You Feel: When you’re feeling down about your job, it can be hard to believe that anything could make things better. But the truth is, there are plenty of ways to get through a tough time.
What to Do: Here are four ways to boost your confidence and start thinking positively again:
Talk to someone you trust. Talking out your problems with someone who will listen without judgment can help you feel more relieved and less stressed.
Take some time for yourself. Whether that means taking a walk outside or indulging in a favorite hobby, spending time alone can help relax your mind and body and clear your head.
Set goals for yourself and work towards them one step at a time. When you have something concrete to aim for, it becomes much easier to stay motivated during challenging times.
Believe in yourself! Even if the world seems like it’s against you right now, remember that everything will eventually work out as long as you keep fighting for what’s important to you.”
13. I Really Hate My Job & Think It Is Time for a Job Search
There are a few different ways to quit your job and make the switch to a new career. You can search for job openings online, contact your local employment agency, or speak with an advisor at a career center.
How You Feel: Quitting your job is not always easy, but it’s worth it if you’re unhappy with the situation. There are many benefits to quitting your job, including increased income (yes, a raise!) and more time for yourself.
What to Do: Searching online is the fastest way to find jobs that match your skills and interests, but be sure to read all of the applicable links before applying. If you’re looking for advice on how to quit your job without ruining relationships or getting fired, speak with an advisor at a career center. They can provide guidance on how best to proceed and minimize potential damage.
15. When you Hate Workplace – Don’t Burn Bridges
Burning bridges can have serious consequences, both for yourself and your career. By staying neutral in confrontations, you may be able to salvage your reputation and future relationships.
How You Feel: When disagreements arise at work, it’s important not to take the bait and lash out. Doing so could lead to long-term damage that could complicate your job situation and future career prospects.
What to Do: Instead, try to remain calm and diplomatic – this will show that you have good judgment and aren’t easily provoked. If you need to speak up, do it constructively and with the goal of resolving the issue rather than hurting someone’s feelings or damaging their relationship.
16. Your interests & skillsets have changed
If you’ve been working at your job for a while and it’s not fulfilling you anymore, it might be time to consider a change. Maybe you have been learning a new skill set that you find more interesting.
How You Feel: Your interests may have changed since you first started working, or you may have outgrown your current position. It’s important to remember that there are plenty of other opportunities out there – even if they don’t involve a nine-to-five schedule.
What to Do: When we’re unhappy with our work, it can be tough to discuss the situation with our boss or coworkers. But if we’re not happy, they’ll eventually notice and it’ll create an uncomfortable work environment. Change can be difficult at first, but it can lead to greater satisfaction in the long run.
17. Know It’s Not Just You
There’s a lot of talk about the recession and how it’s affecting everyone, but what about the people who are just trying to survive? This is a common struggle people are facing at work.
How You Feel: Work can be challenging, especially during tough economic times. Many people are feeling stressed out and depressed at their jobs, and there doesn’t seem to be an end in sight.
What to Do: However, there are ways to cope with the stress and difficulties of work. You need to learn strategies to balance the work-life situation. Talking to friends or a trusted professional will help you get back on track.
I hate my Career – Ways to Cope
Everyone hates their jobs sometimes.
This is especially true when you are stuck in a career that doesn’t serve your values and goals, or one with very high-stress levels. If this sounds like the case for you, then it is time to evaluate your next move.
However, many people are reluctant to make such changes because of the risk involved and uncertainty about what comes next.
It is important to be aware of what is driving your internal hatred about your job, your boss, or your situation.
1. Assess Your Situation & the Industry
If you’re feeling depressed or lost in your career, it’s important to take some time to assess where you are and where you want to be. This is a process of looking at your current situation and making a plan for how to get there.
Are you unhappy with your current job because it is not fulfilling, or are you just bored?
Perhaps the work environment is too stressful for you to handle?
Do you believe you should be making more money?
The first step in coping with a negative career outlook is taking the time to reflect on where you are right now. You can use this assessment to figure out what needs to change in order to improve your situation. Once you have a good idea of what needs improvement, it’s easier to make the changes that will get you closer to your goals.
Also, look at the overall industry trends to you see industry-wide trends affecting job quality and life satisfaction. More often than not, it might be others in your field feeling the same.
2. Have the Tough Conversations
Tough conversations can be difficult, but they’re essential if you want to improve yourself and your career. Every time you have a tough conversation with yourself or someone else in your work life, you’ll learn something new and make progress.
There are three types of tough conversations you need to have:
The “What If” Conversation – This is the conversation where you ask yourself what would happen if X happened. This helps you prepare for possible challenges and makes sure that everything is in order before taking action.
The “Doing Better” Conversation – This is the conversation where you commit to doing better next time, regardless of the results so far.
The “I’m Sorry” Conversation – This is the conversation where you apologize for how things turned out and vow to do better next time.
Tough conversations are not easy, but they are essential if you want to achieve your career goals. Be brave enough to have them and take advantage of all that they can offer!
3. Switch Your Perspective
If you’re feeling down about your career, take a step back and think about how you can see it from a different perspective.
When we’re upset or unhappy with something in our life, it’s easy to focus on the negative aspects. However, by switching our perspective, we can start to see the situation in a new light.
For example, if you hate your job but don’t want to change careers, try thinking about how you could see it as an opportunity for growth. Instead of focusing on what you don’t like about your job, consider all the ways you’ve learned and grown since starting work there.
We all have moments when things don’t go our way – by changing our perspective, we can start to feel better even when things are tough. In fact, this is why we stress mindset is everything.
4. Vent About It
When people feel frustrated or overwhelmed with their job, they may want to share their feelings with others. This behavior is often referred to as “venting.”
Venting can be helpful in relieving stress and tension. It can also help people process their thoughts and emotions, which can lead to positive changes in their lives.
Many people use social media to vent about their career frustrations. This is especially common among millennials, who are more likely than any other generation to use social media platforms for self-expression. One of the benefits of using social media for venting is that it allows you to connect with like-minded individuals who understand your situation. This network of support can be incredibly helpful in overcoming challenges in your career path.
5. Get Your Finances in Order
When you’re feeling down about your career, it can be tempting to think that you have no other choice but to continue to work at a job you hate. However, by getting your finances in order you can start to feel more optimistic about your future.
Especially for those in the, I don’t want to work anymore boat, this is the time to start saving money to invest for your future self.
Setting money aside will provide a cushion if you choose to leave your job unexpectedly or breathing room when changing jobs.
This is something we personally did when my husband wanted to change jobs due to being overlooked for promotion after promotion.
6. Do Your Best Work
Doing your best work means putting your all into whatever you’re doing. It means giving it your all, no matter what the task or situation. This may be hard, but it is essential!
When you do your best work, you put in the effort and energy that’s necessary to be successful.
You don’t half-ass things because you’re worried about how people will think of you. You go all out and give it 110%, no matter what. And that goes for everything in life – from your career to relationships to anything else that matters to you.
There are a lot of times when we don’t feel like doing our best work because we’re doubtful or scared. But if we keep pushing through those tough times, eventually we’ll reach a point where doing our best work becomes second nature. And then success will follow naturally as a result!
So don’t wait – start doing your best work today and see the amazing results for yourself!
7. Brainstorm Your Dream Job
Brainstorming your dream job is a great way to get inspired and motivated. It can also help you identify skills and interests that you may not have known you had.
When brainstorming your dream job, it’s important to be open-minded and think about any career possibilities that interest you. This could include fields that are completely new to you or areas of your current job that you don’t enjoy as much.
Once you’ve come up with a few ideas, it’s time to start thinking about what qualifications would be necessary for the job. Do some research into the specific requirements of the position and see if any of your skills or interests align with those requirements.
By brainstorming your dream job and taking these steps, you’ll be on your way to finding the perfect career fit and a happy you!
8. Start Making Connections & Build Relationships
Making connections is a key part of coping with a negative career situation. It can help you find comfort in the fact that you’re not alone and connect with people who have gone through similar experiences.
When things are tough, it’s often easy to feel like you’re all alone in your struggles. But by making connections with other people who are going through the same thing, you can start to feel less isolated and more supported. You’ll also be able to share your experiences and learn from others, which can help you overcome obstacles faster.
There are many ways to make connections online – through social media platforms, online communities like Reddit, or even just talking to friends or family members face-to-face. The important thing is to find an outlet that feels comfortable for you and allows you to express yourself freely.
Also, this avenue may lead to a new job opportunity for you.
9. Develop Other Sources of Income
Around here at Money Bliss, we stress the importance of having multiple streams of income.
While your 9-5 may pay your bills, you need to investigate other types of income to really improve your financial situation.
This can be done in a few ways:
Finding new (or returning) employment or 2nd job.
Starting a business.
Freelancing.
Make money with a gig economy job.
Each option has its own benefits and drawbacks, so it’s important to weigh them all carefully before making a decision.
When considering other forms of income, it’s important to keep in mind the following factors: how much time you have available, what you’re willing to sacrifice (including your free time), your skills and experience, and the marketability of your skill set.
I Hate my Boss – Resign With More Class
If you’re unhappy with your job, there’s no need to stay in a situation that is causing you distress. You can resign with class and maintain the respect of your coworkers and boss. Here are some tips on how to do it:
1. Address Your Issues Clearly
When you decide to leave, be clear about why you’re leaving and what your plans are for the future. It’ll help everyone involved understand the reasons behind your decision and avoid any misunderstandings or hurt feelings.
2. Be Polite When You Resign
Don’t make a scene or give anyone the impression that they were wronged in any way. Simply express your appreciation for all they’ve done for you over the past few months or years, thank them for their time, and let them know that you wish them all the best in future endeavors.
3. Most Importantly – Keep Your Work Adjustment Quiet
Your personal life doesn’t have to intersect with work-related decisions until after everything has been finalized – don’t announce your resignation at work or start bargaining terms before actually deciding if it’s what you want to do!
4. Make Sure You Have The Right Legal Documents At Hand
You’ll need documentation confirming your employment status, your dates of employment, and the terms of your separation. Make copies for yourself and store them in a safe place – you may need to refer to them during the negotiating process.
5. Give Yourself Time To Adjust to a Happier Well-Being
Don’t expect everything to fall into place overnight; give yourself plenty of time (perhaps several weeks or even months) to adjust before getting back into the workforce. During this time, it can be helpful to take some time away from work altogether, focus on relaxation techniques like yoga or meditation, or read about career options that interest you.
Which Step Are You Going to Focus on When you Hate Working?
In this article, we discussed some common struggles that people face at work and offer some advice on how to cope. We hope that by sharing our knowledge and experience, you’ll find relief or guidance in dealing with your own job problems.
There are many reasons for workplace unhappiness and changing careers may or may not be the solution to your issues.
When looking for another position, keep in mind that employers are always searching for talented individuals who will fit into their team and contribute positively.
Finally, don’t forget… Talking about your struggles openly can help ease them and give you some ideas for solutions.
Just keep moving forward and don’t give up on your dreams!
Do Your Job With Less Stress Job Ideas:
Maybe it is time for a shift change and moves to one of these careers.
Know someone else that needs this, too? Then, please share!!
I had recently returned from Iraq and my wife and I were hunting for a couch for our new home.
We found one that was on sale we both thought it was perfect. .medrectangle-4-multi-638border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:250px;min-width:250px;padding:0;text-align:center !important;
Okay, it was a red couch and she thought it was perfect. I, personally, didn’t understand why anyone would buy a red couch but apparently I didn’t understand home decor. Nonetheless, the wife’s vote trumped mine.
When the sales clerk asked how we wanted to pay suggesting we take advantage of their great in-store financing, an exciting thought ran through me – “we can pay cash”.
A year prior, that wouldn’t have been an option. Not even close!
But now we found ourselves in a very exciting position; we were financially stable.
I can’t say that I 100% believed we were financially stable at that point in our lives, but it definitely was a turning point for us. Not only could we pay cash, but we also had money left over.
People often spend most of their lives chasing financial stability. But is it possible that you may already be financially stable?
Here are 27 signs that you’re financially stable – already! And if you’re not, you can start working to make a lot of these a reality in your life.
1. You Never Overdraw Your Checking Account
Even if you have overdraft protection with your checking account, you still prefer to keep a cushion in your account, rather than relying on the protection. And you absolutely, positively, never bounce a check!
Part of it has to do with your aversion to paying overdraft fees. But mostly, it’s because you have a sufficient amount of money that you can keep more in your checking account then you need in a typical month.
2. You Don’t Lose Sleep Over Finances
When you go to sleep at night, you tend to sleep deeply and peacefully. And if anything does keep you awake, it’s usually not related to financial matters.
This is a non-financial benefit that people who are financially stable have as a result of their strong financial position. This isn’t to say that you don’t have any money worries at all, but rather that they are not significant, and never without some sort of reasonable solution.
3. You Use Credit Cards for Convenience and Rewards – But Never Out of Necessity
I currently have 4 credit cards in my wallet and use them almost every day. <gasp!>
How could you, Jeff? You’re a Certified Financial Planner!
Yes, I am, but here’s the catch: I pay them off every month. As a bonus, we have carefully selected credit cards that collect reward points which we use for airlines miles. Boo-yah!
Many people who are not financially stable have a bad habit of using credit cards as a way to extend their paychecks – to buy the things that they really can’t afford.
That’s not an issue in your life!
If you do use a credit card, it will strictly be for convenience, such as being able to make a fast payment online. Or you will do it because your credit card company provides you with rewards for making purchases.
4. You Don’t Worry About Losing Your Job
This is one of the very best indicators that you are financially stable. It’s a sad state of affairs that the vast majority of people in the US live from paycheck to paycheck. The thought of losing their job, even for a month or two, would be a financial disaster.
Since your finances are in balance, losing your job isn’t something that you worry about, at least not the potential for ruining your finances.
5. You’re Never Late With Payments
This is partly because you always have plenty of money to pay your bills, but also because of your preference for being ahead of your finances, rather than behind. This is also a big reason why you don’t lose sleep over your finances. When you go to bed at night, you know that your bills are paid, and all is right in the world.
6. You Pay Your Bills Ahead of Time
Part of the reason why you’re never late with payments is that you pay your bills ahead of time. In fact, you probably pay them as soon as they come in. You do this because you don’t like bills to linger – and simply don’t like owing anybody anything.
7. People Ask Your Opinion About Financial Matters
One of the biggest outward signs that you are financially stable is when people ask your opinion about financial matters. They’ll do this because they see you as being someone who has “figured it out”, at least when it comes to money.
When this happens, take it as a supreme compliment. It means that your financial stability is so obvious that others can see it, and will ask your opinion as to how to achieve it.
8. You’re Generally Happy With Your Financial Situation
This doesn’t mean that your financial situation is completely perfect, but rather that your finances are in balance, and you are satisfied with the direction that things are heading. Even if you have financial challenges over the horizon, you have some sort of plan set up to deal with it before it comes. That’s all anyone can do – and you’ve already got it covered.
9. You Have No Ugly Credit Card Balances
It’s not at all unusual for people who have high incomes and a large number of financial assets to also carry great big, ugly credit card balances. That’s not a game that you play. You absolutely refuse to carry credit card balances that can’t be paid off relatively quickly. And that keeps you from paying high-interest rates, and from losing sleep at night.
10. You Finance Your Cars Over Five Years or Less – If You Take Loans at All
Even though there are car loans available as far out as seven years, you keep your car loans to five years or less. Or you pay cash for your cars, or you pay them off ahead of schedule.
That means that you won’t live your life carrying a perpetual car loan payment. That also means that when you buy a new car, it’s very likely that you’ll be making a larger than average down payment on it – which is why you take shorter loans in the first place.
11. You Contribute a Double-Digit Percentage of Your Pay To Retirement
Many, many people contribute nothing more than the minimum percentage that they need in order to get the maximum employer match on their retirement contributions.
But that’s not a game that you play.
You recognize the importance of aggressive retirement investing as a critical part of becoming financially stable. You either make the maximum retirement contribution that you’re allowed, or your contribution is well into double digits percentages.
And because you do, early retirement is actually a legitimate consideration in your life.
Investing and feeling good about it has never been easier with great online brokerage tools such as Betterment. Learn more about how to use Betterment on our review page.
12. You Don’t Feel Guilty When You’re Out For Special Occasions
Everybody has episodes where they spend a little bit too much money. This can happen on special occasions, such as birthdays, holidays, vacations, and other celebrations. But for you, these events are not budget busters. You have enough flexibility built into your budget that you can accommodate the occasional spending spree without having too much month at the end of your paycheck.
13. You Can Afford to Buy the Things You Really Want
If you really want something, you go out and buy it. Your finances are strong enough to enable you to get those things that you really want.
This isn’t at all about impulse spending on an ongoing basis, but rather about having enough room in your budget to get the things that you really want. In that way, money doesn’t rule you.
14. Recreational Spending Doesn’t Appeal to You
There are all kinds of coping devices in life, bad habits like hard drinking, drug use, and overeating. For some people, the vice is recreational shopping. Spending money enables them to lose themselves – and their troubles – at least for a time. And often, recreational spending is a way of rebelling against their impaired financial situation.
That’s not something that you engage in, nor do you ever feel the need to do so. You’re happy with your finances in general, and you don’t need to spend money to feel good about yourself.
15. You’re a Natural Saver
This is one of the key habits in becoming financially stable – and it’s one that you mastered a long time ago. You’ve been doing it so long and so well, that you are virtually a natural saver. You can do it with a sense of purpose, and without ever feeling any pangs of self-denial.
16. You’re Generous With Money When it Comes to Charities or Helping Others
You have certain charities that you support on a regular basis, and you’re generous with the people around you who are in need. You’re able to do this because you never sense that giving money to others in need will in any way negatively impact your financial position. You give with ease, and you feel good about it.
17. You’re Confident About Your Future
This is one of the best indications that you are financially stable. Your finances are sufficiently under control, that you feel confident about your future. This is because you’re easily able to live on what you earn, you have substantial financial assets that you’re adding to on a regular basis, and you carry little, if any, non-housing debt.
The future tends to be kind to people in that situation – and that’s where your confidence comes from.
18. Your Net Worth Grows Significantly From Year to Year
Your net worth tends to grow each year and to do so by fairly large amounts. This isn’t about doubling your money each year, but rather about achieving fairly consistent increases in your net worth. Those increases come from a combination of adding to your investments through regular contributions, and through solid investment returns.
19. You Have Substantial Equity in Your Home
Another of the major markers of being financially stable is that you have a large amount of equity in your home. This is either because you made a large down payment on the home when you bought it, or because you’re paying extra principal on your monthly payment as a way to accelerate the payoff of the mortgage. It may even be a combination of both.
That large equity means that you don’t worry about falling property values, at least not the way people in low- or no-equity situations do.
20. You Consistently Live Beneath Your Means
You consistently live beneath your means because you are well aware of the fact that all the things that make someone financially stable start with having extra room in your budget for savings, investments, or paying off debt.
This isn’t a struggle for you either, but something that makes sense and comes easily to you.
21. A Large Pay Cut Wouldn’t Destroy Your Life
Yet another of the benefits of being able to live beneath your means is that the prospect of taking a large pay cut wouldn’t destroy your life. Because you are already living on less than you earn, taking a pay cut at work, or transferring to a lower paying position, won’t represent a mortal blow to your existence. You’ll find a way to live beneath your means, whatever those means are.
22. The Cost of Sending Your Kids to College Doesn’t Scare You
You’re looking forward to your kids going to college. You’re well aware that the cost is outrageous, but you’re making plans so that you’ll be prepared when the time comes.
This can be a combination of specifically saving money for each child through a college savings plan, streamlining your own finances so that you’ll be able to pay a large chunk out of your income, or working to help your children get scholarships that will contribute toward the cost.
23. You’re Totally Unconcerned With Keeping Up With the Joneses
In your world, being financially stable is its own reward. You have no need to acquire the trappings of the good life that others around you are working so hard to attain.
That keeps you from spending money that you don’t have and going into debt. And that leaves you more money for savings and investments, which increase your financial stability even more. No toys and trophies are needed!
24. You Give 100% on the Job – Financial Concerns Don’t Distract You
Just as you sleep like a baby because you are unconcerned with financial troubles, you’re able to give 100% on your job. You aren’t weighed down by the emotional troubles of having unpaid bills or out-sized debts to pay. And because you can live on less than you make, you don’t waste time feeling sorry for yourself because you’re not making enough money to pay your bills.
That frees you up to do the job that needs to be done, makes it more likely that you will get the bigger raises, and the promotions when they come around.
25. You Pay Your Credit Cards in Full Each Month
Since you don’t use credit cards as an extension of your paycheck, you simply pay the balance in full each month as the bill comes in. There are no lingering debts in your life and none of the worries that are attached to them. Every month, you have a clean slate going into the next month. See #3 again. 🙂
26. You Could Survive For Months Without a Paycheck
You have sufficient liquid savings that you can live for months without a paycheck if you have to. You won’t need to tap long-term savings, like retirement plans either. And bankruptcy won’t be even a remote consideration since you have very little debt.
The fact that you can live without a paycheck for an extended period of time even makes it easier to do your job. You can work without concerning yourself with the threat of layoff, or being fired. And you never feel trapped by your job.
This is one of those circumstances were being financially stable feels so good!
27. You Feel In Control of Your Finances – Never Dominated by Them
Overall, you have a strong sense that you are in control of your finances. This means that when it comes to money, you have choices. And since money creates options in life, you have more than the average person.
This is what being financially stable is all about, and what the ultimate goal of it should be. Being able to do what you want, when you want, and on your own terms.
This is a long list, and if you’re not feeling some of these right now, you can work to get yourself into a position where you will. It’ll take a bit of effort, but that effort will be sooo worth it!
Any career guru worth their salt will probably advise you to only switch jobs for an upgraded salary. It makes sense; if youâre looking to advance your professional standing, taking a step back is also a step in the wrong direction – usually. Sometimes, your career leads you to a place where the only way
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