I have thought a lot lately about the impact of having two day jobs that both come with a lot of responsibility. At this point in my life it’s simply more than I can handle.
I had been wanting to quit the bookkeeping job for a couple of years now but never had the guts to do it. I like and appreciate the people I work with but I just don’t enjoy the work anymore. I feel like it’s one of those jobs that has the potential of keeping me in the same place for the rest of my life. The position I hold is the highest position I will ever be able to hold. No promotions, no raises, no benefits.
But the main reason I have really been wanting to quit is simply stress. I don’t have the necessary time to devote to the job. I feel like my work has been half assed the past few months and that is a feeling that I do not like. The stress doesn’t stay at work, it comes home with me.
I want to be happier when I am at home rather than thinking “oh crap I forgot to do this or that” and then obsessing over it. This does mean that I will be taking a 45% pay cut rather than the 25% pay cut.
Since I currently save 25% of my income this means I will have to shave 20% out of my budget somewhere to keep my head above water. I really don’t think this will be too hard to do. And if I need it I always have my emergency fund to fall back on.
Here is my revised plan:
–I have two more weeks to work the bookkeeping job, this week and next week. After that I plan on doing a three month experiment to see if I can do anything more online. I will cut my budget and get by on my income from the Insurance job. I will devote the time that I worked the bookkeeping job to trying to make money online. I will start out slow and see what happens. (More on this tomorrow.)
-If at the end of the three months the outcome isn’t looking to promising I will then pick up an extra day at the insurance office so that I can be bringing home more money again. (I am also getting ready to negotiate a raise 🙂
-The next three months I don’t plan on adding anything to my savings. My goal is to keep my budget under control so that I don’t have to use it. Luckily I am pretty ahead of schedule with my saving goals so if I start contributing again at the end of the three month period I will still be on schedule.
-I have $500 coming to me from my income tax refund and another $700 coming to me that I lent to my brother a couple months ago. I will put this in my checking account and use it as a buffer. I think this money will greatly help me from touching my savings.
I feel lessed stressed already, knowing that I only have to endure the two job situation for two more weeks. I can’t wait to be down to one day job. Knowing that is the only one I have to worry about.
I have a plan and now it’s time for me to test the waters! Wish me luck!
I will post more on my online goals tomorrow along with how January went. Also, don’t forget to enter my $25.00 Amazon Gift Card Giveaway!!