Thank you so much for asking this question because I think it addresses such as important barrier when we think about changing jobs: Financial limitations.
The age group I had in mind is actually around the 30s-40s range. I am no longer in my 20s. I have no children but I am full blown in mortgage land. I agree, a change is not always just for you, we have to take our family into consideration and obviously finances are a big part to keeping a family safe and healthy.
I want to challenge the way we see financial limitations by offering a few questions to ask ourselves but we often choose not to:
- How much debt do I have?
Deal with this first before any job change is considered. Once we deal with this, it really frees us to focus on the next 2 questions
- What do I really need and want in terms of stuff and experiences?
This isn’t about budgeting or cutting your favorite things, it’s about reevaluating the way we spend our money. What are the things we spend money on that don’t provide us with any value — another shirt, another pair of shoes? Or maybe you don’t like to travel but still plan a trip because everybody is going somewhere. Everybody is different and we don’t need to compare our stuff with theirs.
- What do my kids and partner want?
We often make the mistake of assuming what our partners or kids want. I think kids are pretty vocal about wanting a new toy but I honestly don’t remember a time when my parents emotionally scarred me because they wouldn’t buy me something. I think talking to them about what you’re thinking of doing and what they need from you is a good start. You might be surprised with what you hear.
- What can I do right now that will get me closer to a job change?
This is taking the smallest step possible. We do not always need to take big leaps like quitting and going back to school. In fact, I strongly DO NOT recommend this route especially if we’re still unsure of what to do. An online course, training at work, talking to different departments to see what they need help with — these will add experience and knowledge so you can take another small step.
If you decide enough is enough with the job you have, set a timeline for your new adventure. A year, 2 years? And constantly reevaluate your finances with yourself and with your partner during this time.
If you’ve made it through this article length response, I really appreciate it and thank you so much for reading to the end!