Additional Coverage:
- When my job required me to return to the office, I used my emergency fund to quit. It worked out, but I should have saved more. (newsbreak.com)
In 2022, after two years of remote work, my employer announced we would return to the office. I weighed my options and quit, relying on my emergency fund while searching for a new job.
While I don’t regret my decision, I could have improved my emergency fund preparation. I relied on a low-interest checking account instead of a high-yield savings account and lacked a budgeting plan.
I’ve since made changes to strengthen my emergency fund. I opened an Ally savings account and follow the 50/30/20 budgeting rule, allocating 20% to savings. I also contribute to a health savings account and 401(k).
I’m fortunate to have a job I love, but my improved saving and budgeting strategies provide a safety net and enable me to work towards financial goals and retirement planning.