Quitting your job will affect your family’s finances and needs to be a discussion you have with your spouse before you talk to your boss, suggests financial planner, Kelly Anderson in the Mint Life article, "What You Should Do, Financially, Before Quitting Your Job." You need to consider how your quitting will affect your family and what you plan to do instead of working at your current job. You have various options for the future, so include those when chatting with your spouse.
1. Your Reasons
Your husband will want to know why you want to quit, so have a ready answer. You might feel that your child needs you at home where you can lend a hand or that more education is necessary to meet your career goals. No matter what your reason, articulate it and why your job needs to end instead of taking another form. Your husband will probably be much more receptive with reasons that don’t include “I don’t want to work” or “I don’t know what I want.”
2. Future Plans
Know what you want to do going forward. If you want to go back to school, know what that will cost and how to pay for it. If your child needs academic or emotional support, know whether you are going to volunteer at her school, to home-school her children or work with a tutor or counselor. Consider how long you plan to take off work. If you will look for a different job, know whether you are changing careers and how long it might take you to find a new job. The standard search time is one month per $10,000 of income, according to Anderson. Consider the resources you have so you can discuss these with your husband.
3. Financial Considerations
If your family counts on your income, what financial options do you have? Talk about insurance costs and retirement funds if those are contingent on your current job. You might consider work-from-home positions that allow you to bring in some income instead of no income options, suggests stay-at-home mom and entrepreneur Mia Redrick in the Huffington Post article, "A Woman's Choice: The Right to Stay at Home." Make up a budget that outlines what your family has to spend without your income and the shortfalls you anticipate. Include information on how much you might have to dip into savings and money you can save on childcare expenses if you are home or economizing on groceries.
4. Other Considerations
Let your husband know if you feel disrespected at work, a nudge to shift jobs, a decline in your health or job performance and long-term sadness, suggests money and career columnist Dustin Riechmann, writing for Simple Marriage. Your husband might have some suggestions that keep you on the job, but also help you with the issues you have with your current job. He might suggest shifting to part-time hours or talking to your boss about other work options.
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