How Quitting Your Job Can Save You Money

“There are many things money can buy, but the most valuable of all is freedom. Freedom to do what you want and to work for whom you respect.” – J.L Collins

 

Reading the title of this blog you might be thinking “this guy is way off his rocker.” I mean you don’t need to be a financial guru to know that you need money in order to live. But you see, that’s exactly it! You need money to sustain a lifestyle of your choice, not necessarily a job. Whether your idea of comfort is a 6 bedroom house with a courtyard, or a 2 bedroom home nestled away in the woods; that part is up to you. When most of us think about how to get money we think, we need a job. However in today’s blog I’m going to propose that in some instances we can actually save money by quitting a job/profession we dislike and replace it with something that is much more flexible and purposeful that we do like. Here is how quitting your job can actually save you money:

 

Commute – Let’s face it gas prices aren’t going down, in fact according to the U.S Energy Information Administration “the United States consumed 143.85 BILLION gallons of gas in 2017 that’s a daily average of about 391.40 million gallons of gas.” With a demand like that, oil companies have the upper hand with fuel prices, plain and simple. So what can we do about this? And what on earth does this have to do with our jobs? Well.. since you asked… one of the first things I ask people when they say they do not make enough money is: what does your commute look like? Are you driving an hour, or two hours to work everyday? After bringing awareness to this it’s extremely easy to see where our paychecks are going.

So there are a few options here: Either you can get a more fuel efficient vehicle, find a job that is closer to you, or limit your commute all together. Now you might ask, how do I limit my commute altogether!? I’m glad you asked! We are witnessing a revolution when it comes to positions and employers that allow employees to work from home/ or freelance. Sitting at home blogging and writing content is amazing! The best part about it is that you can get paid to do it and you don’t need to sacrifice your hard earned money to your gas tank! This ties into our next point:

 

Working From Home –  Does your employer offer the option from home? If your employer is like mine, they probably don’t! (#didn’tseethatcoming) so how can you work around this. Well take a look at your position and figure out how maybe you can work from home. Think about it; even if you could swing working from home two days a week, that still saves money on items like gas, vehicle maintenance, and even items like possibly child care. But most importantly it saves you time. How does it save you time? Well every 30minute, 45minute, or hour commute add up! What could you be doing in that time aside from driving or sitting in traffic?

I know what you’re thinking – How the heck am I going to convince my boss to allow me to work from home, even for a few days a week? The best advice I can give is that you have to establish yourself as an absolute linchpin and incredible asset in your company first. What I’m saying is after 3 months on the job to not ask your employer if you can work from home; but maybe after 3-5 years when you’ve proven yourself and your employer knows what an asset you are to the company. People have much more leverage than they realize and this could be a wonderful option to keep your same pay and cut down on your expenses.

Time –  Only you know the best use of your time. But like I discussed in the previous point, I know it can be used better than sitting in traffic. The thing about time is that it’s the only resource that we can’t get more of. If you might be thinking about leaving your job or thinking about “what’s next” think about how you can make things easier on yourself. From all the time that you spent sitting in traffic what could have you been doing to make yourself profitable or happy? What’s the opportunity cost? What is your time worth and can you use it better to create results that can yield income that you’re missing out on by commuting?

Conclusion – So what do you think? Is it possible to actually save money by quitting your job and exploring a career like blogging/freelancing or working from home?  What if you didn’t have to pay for as much fuel, possibly save on child care, drop to a one car household, and didn’t have to sit in traffic for an hour? Most importantly what would you to do with the time or money that you could potentially save? Tell us what you think in the comments below!

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