Can you take time off between jobs?

You just got laid off from your current job and you were more than a little surprised. Certainly the economy is bad and maybe your employer isn’t doing that well but you didn’t think that you would become a layoff victim. But it happened to you like it has happened to many folks. The question is now what are you going to do. Start the job search tomorrow, make plans that night on how you are going to get back into the land of employment or are you going to take a break maybe rest a little while to get your head straight.


The decision whether to rest before you embark on a job search depends on quite a few things. Of course the main concern is how much money do you have saved for the occurrence of life changing event like losing your job. Most folks say that you should have at least 3 months of savings to live on at all times just in case you are laid off Probably in this economy should have more than 3 months. Another thing to consider is your debt such as house payments, credit card bills, tuition for kids and anything else that you are paying off. Without a lot of debt and adequate savings in the bank you definitely are better off than most.

What field are you in? If you are in a career that is in high demand you will have a better chance at finding a job and the idea of taking a break sounds feasible. And if you aren’t then you might want to start looking right away. This might also be a good time to consider entering a different field.

Even if you are in good financial shape and your job prospects look good, don’t take too long to start looking for a job. Don’t put off the inevitable.

Feel free to comment and please subscribe to my RSS Feed

Thanks



Related posts

Stay active while unemployed

What is a passive job search?

Panic and your job search