Poll: Could you quit your job and have 12 months backup?

Could you quit your job and have 12 months backup?

  • Yes

    Votes: 173 42.7%

  • No

    Votes: 191 47.2%

  • He's a bit of a nosey bugger isn't he?

    Votes: 41 10.1%
  • Total voters
    405
Done this two years ago. Walked out of a directorship .

Best thing I've ever done. Mind you only had 6 months off. 12 would have been harder as faced questions of what I had done with my time.

You'd be surprised how much you crave work after even 6 months. 12 would be quite hard I feel!
 
I've done it before, walked out of a job and went 'self-employed' where I lived off my savings for 5 years.

Then when the money ran out started work again and now, I could easily last 5 years and with some subsistence living could stretch that out to 10.

I have been thinking about it lately...
 
I keep about 3 months of salary aside. That would cover bills and mortgage for over 6 months. A year is a fair bit of money and I like to live a little.

With family and mortgage to take into consideration it's not that easy. But mortgage is only loan I have.
 
Doing this right now albeit on a 4 year apprenticeship so will be taking over a 50% pay cut. I am only 30 and on an above average salary but with 35 years still left to work I am planning to do something I will enjoy without the stress levels that I endure now. Mortgage is nearly paid off. Will have to tighten our belts but it is doable.
 
I'm currently on my second year of negative wages as I struggle to keep Mum out of a care home for as long as possible. Those years of careful living have come in depressingly handy. I know Mum wouldn't have wanted me to sacrifice earning years like this (and I only have savings, no pension worth talking about) but at the end of the day we can all only do what we feel's right.

So if folk feel like living for today and saving very little I'm not going to argue with them. Saving wouldn't have done Mum much good when it's £1000+ a week for a decent nursing home. In fact it's made me wonder about my own choices over the last 30 years at work. Tomorrow can be a scary place, and living for today is increasingly tempting.

Well, it will be when I get the chance again. :)
 
It would wipe my savings, but yes I could last a year unemployed. Since I'm confident I would be able to find a new job well before that, it puts me in the "yes I could quit any time" camp. Not that I'd want to - my job is actually pretty cool.
 
Trust me! For you lot with mortgages make sure you read your policy on when you can claim etc in the event of job loss.

Don't end up like me where I couldn't pay for 5 months because of their policy stating you couldn't claim until month 6. When I signed on I also couldn't claim from 32 weeks been signed on as they upped it!! Left me in a world of letter after letter every day.

My bed was full of them from been plagued even though I told them. I nearly ended up in court from bills I couldn't pay but luckily i found something just in time.

Do not sit on things, make sure you try to action them as quickly as possible. Redundancy money doesn't go very far!
 
I got made redundant in October last year, worked out with my payout and savings we could continue as normal for 7 months, luckily i found and started a new job early November.
 
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