Name: 4 Things You Need to Do When Changing Jobs
Uploaded: 2017-01-11
Duration: 54 s
Description: Follow these tips and skip the stress

Changing jobs shouldn't be a source of stress. Be prepared by getting these four areas in order. [ MUSIC ] Since you're moving into an uncertain time, make sure you have an emergency fund. Generally it's suggested to have at least three to six months expenses saved up. Before taking a leap, cut down your debt. If you're struggling to get out of debt, start by paying off the debt with the lowest balance to build momentum. Changing jobs is less risky when you have a diverse income. Freelance work, a side hustle, or other sources of income are good ways to cover expenses when your paycheck stops. If you switch employers you may have to wait to enroll in your new health insurance program. You can use COBRA to extend your current health benefits, but it costs about 102 % of the premium your employer pays. Make sure you set aside enough money to cover health insurance until your new insurance kicks in. For more career tips visit GoBankingRates. com. [ MUSIC ]