Theyre calling it the Great Resignation, because everybodys quitting their jobs now.
At least itfeelslike everyones quitting.
The COVID-19 pandemic has many of us reevaluating our lives and our careers.
Some of us are burned out.
Some of us arent ever going back to the office.
Nearly 4 million Americans quit their jobs in June alone,according to the U.S. Bureau of Labor Statistics.
A surprising number of them are even willing to go into debt to do so.
Are you in this boat?
1. double-check Youll Have Health Insurance
Um, dont forget that were still in a global pandemic.
Youll want to have health insurance, even though you wont have it as an employment benefit anymore.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Go ahead and start now, but be sure to bookmark this post so you could easily return later.
Well keep it updated as offers changes or expire.
Youre not eligible for government-paid COBRA premiums if you voluntarily left your job.
Depending on your income, you may qualify for a subsidy to help pay for your insurance.
Cut Your Monthly Expenses
With no steady income at least temporarily youll need to live on less.
Examples: Cut cable, cancel some streaming services, dont order out for dinner.
Dont stop there, though.
Take real steps to reduce your unavoidable monthly bills:
Did you know?
Thats what thisfree servicedoes.
It comes with penalties and taxes while reducing your retirement savings.
Then you could roll it over into your next employers 401(k) plan.
Maybe its time to look into getting a side gig for the time being.
Heresa list of seven side gigsthat have gotten us through the past year and a half.
They include delivery apps, elder assistance, contact tracing, freelancing and homeschool assistance.
We know other ways to pick up a little spending money here and there.
For instance, research companies want to pay you to watch the news.
Theyll present you with short surveys every day, then ask you a few questions about them.
It only takes a minute to sign up andstart getting paid.
The Great Resignation has a lot of us quitting our jobs or at least thinking about quitting our jobs.
Nothing wrong with that.
But if youre doing this, having a financial plan in place will make all the difference.
Mike Brassfield is a senior writer for The Penny Hoarder.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
