As we approach the New Year 2018, many people who have been working hard throughout the year are eagerly awaiting their annual bonuses. In addition to waiting for bonuses, some are also looking to change jobs during this New Year period, as it is a common time for job transitions after receiving bonuses. The reasons for changing jobs or leaving work vary from person to person, but MoneyGuru.co.th can't help but wonder if you've prepared yourself for the transition. If not, MoneyGuru.co.th has a few tips to share.

Before changing jobs or leaving your current position, it's essential to plan ahead so that you won't face difficulties during the transition. The following recommendations serve as check points to help you prepare and avoid forgetting anything.

Emergency Fund for Daily Expenses

First and foremost, the essential element for daily living is “money.” Without it, life can become challenging, as almost everything today requires spending. Therefore, it's advisable to have enough funds set aside for daily expenses. Generally, it's recommended to have at least six months' worth of expenses saved up, and ideally around ten months. This way, if you leave your job without another one lined up, you will have enough to cover your expenses without stress. These expenses include food, utilities, mobile phone bills, internet costs, etc. The more you have saved, the lower your risk of falling into debt, as you never know how long it might take to find a new job. However, if you secure a new job before leaving your current one, you can keep this fund for future use, as we can never predict what might happen.

Various Savings

Make sure to check how much savings you have and where they are located. Emergencies can arise unexpectedly, so being prepared in this regard is wise. This way, if an emergency occurs, you won't have to worry about finances. However, this savings should be separate from your emergency fund for daily expenses; otherwise, you risk depleting both your emergency fund and your savings. If that happens, you will find yourself in a tough situation when the money runs out.

Don't forget to check your savings or investment funds carefully. Once you know what you have, keep it in the same place. There's no need to make it widely known; just check it to know where you can access funds when needed.

Update Your Work History

Your work history or resume should be updated regularly so that you don't miss important opportunities that may come your way, such as new job positions. A resume serves as an introduction to you for companies or individuals interested in getting to know you. However, a good resume should not be too lengthy; it should be concise and to the point, highlighting what you do and your skills. This way, potential employers or interested parties can quickly understand who you are without spending too much time on it, and a shorter resume is less likely to bore them.

Apply for Jobs in Advance

If you know you will be leaving your job, you should start applying for new positions immediately. This way, when you leave your old job, you can start the new one right away, ensuring that there is no gap in your work experience or finances. Leaving a job without having another lined up or without preparing yourself can lead to difficulties in the future.

I hope these tips help those considering a job change during this period to prepare themselves in advance, so that after making the decision, they won't create unnecessary difficulties for themselves. Finally, I wish everyone the best in finding a job they love.

Thank you from www.moneyguru.co.th