Christopher Liew: Here’s how much money you should save before quitting your job
BNN Bloomberg
How much money you should have set aside before handing in your resignation depends on a few things, writes personal finance contributor Christopher Liew.
The decision to quit one’s job is often driven by burnout, higher ambitions, dissatisfaction with co-workers or managers, or major life changes like starting a family, going back to school, or moving to a new city.
How much money you should have set aside before handing in your resignation depends on your expenses, career plans, and personal risk tolerance.
Without a solid plan and budget, even a short gap in income can quickly create stress. However, with proper savings in place, you minimize your risks and improve your chances of success at whatever the next big thing is.
Below, I’ll go over how much you should have saved before you quit and some questions you should ask yourself before you take your leap of faith.
According to Mercer’s August 2025 turnover survey, the average voluntary turnover rate across all industries sat at 10.2 per cent. Of course, there’s a lot of variability between different industries. On average, though, this means that one out of every 10 people will quit a job voluntarily and move on to something else.
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