Health insurance, retirement savings, perks, and other benefits all change when you leave a job, and that’s on top of a change in income. Taking the time to plan ahead and manage these changes pays huge dividends as you navigate through this transition.
If you’re able, make sure to archive any non-proprietary materials before you leave. These materials may be necessary if you start a new job or change career paths ! This includes work emails, performance reviews, web browser bookmarks, documents, projects, professional development materials, etc. Make sure they are non-proprietary.
Archiving your work documents, especially if you’ve been there for a while, can take time. Make sure all electronic resources are available for the person taking your place. Dropbox and email forwarding/Google Drive can be great tools in archiving and preparing your digital files.
Don’t forget to change your passwords and log-in information, as necessary.
If you haven’t already, make a monthly budget that’s adapted to your change in income. This is especially important if you will be out of work for a while or will be making less than you make now. If you need to live off savings for a while, you’ll probably need to adapt your personal spending habits. Creating a detailed budget can also help you see how long you can sustain living without or reduced income.