Changing jobs is perhaps one of the scariest things you can go through. For us, going through a financial change is scary because we have 4 kids. Our main job is to provide for them. A career change  is a lot for a family because it determines the budget. Sometimes the budget determines everything about your lifestyle, so it’s important to prepare for this career change  correctly.

Preparing Financially for a Career Change 

Let’s talk about how to prepare financially for a job change.

#1. Have an emergency stash of money.

One of the best ways to prepare financially for a job change is to have an emergency stash of money. Most experts would agree that $1,000 is a good starting point for most families. Having that stash can help you pay for unexpected expenses.

#2. Postpone what you can.

Another way to prepare financially for a job change is by postponing what you can. Wait to purchase anything major until after the move. It’s crazy how tempting it can be to buy extra stuff, but stick with it. Obviously, some major purchases may be needed, but anything big should wait. For example, you might want a nice big lawn mower for your yard this summer. However, with a job change, it’s best to just wait.

#3. Bulk up your savings.

When it comes down to it, make sure you have some sort of a savings put away. This is a lot different than your emergency money. A savings account is something that you can live off of if something were to happen. Depending on your bills, you should have at least 3-6 months of savings put back to help prepare. An easy way to build up your saving is with Digit. You can find out how Digit works here.

#4. Pay your bills ahead of time.

Paying your bills ahead of time? It might sound crazy, but it only makes sense. When you’re preparing financially for a job change, pay your bills ahead of time. By paying your bills ahead of time, you can eliminate the need to worry about how you’ll pay your bills during the overlap of jobs. Plus, you won’t have to dip into your savings, which is also a big bonus.

#5. Track expenses closely.

During a job change, make sure you track expenses carefully. It’s better to have a budget in mind than not. Tracking expenses and creating a budget are probably the two best tools for making it financially during a job change. It’s also important to communicate with your spouse, so that nothing “financially” gets in the way.

#6 Bring in extra money. 

I know in most cases your job chnage will bring in extra money, that why are are doing it. But during that time frame between paychecks having some easy extra income will be a life saver. You don't have to go out and get a 2nd job to do this. I bring in $210+ a month with Amazon Gift Cards and many of these places allow you to cah out for PayPal cash instead. Check out my list of 45 places to earn free Amazon Gift Cards.

What tips would you give to someone who is preparing financially for a job change?