Free Template
Cost of Quitting Planner
Calculate how long you can survive on savings before finding new employment.
Template Content
Survival Fund Calculation ------------------------- Current Savings (Available Cash): $ Monthly Survival Budget: - Housing: $ - Food: $ - Utilities/Phone: $ - Health/Insurance: $ - Debt Minimums: $ **Total Monthly Survival: $** Runway (Quitting without a job): - Savings / Monthly Budget = [Number] Months Exit Costs: - Payout (Annual Leave): +$ - Final Salary: +$ - Unused Benefits (Loss): -$ - New Equipment (if needed): -$ **Net Exit Balance: $**
How to Use This Planner
- 1
Be honest about your 'Survival Budget'—this is just the essentials, no luxuries.
- 2
Calculate your 'Runway' by dividing your cash by your monthly cost.
- 3
Check your contract for 'Annual Leave Payout'—this can often provide an extra 2-4 weeks of buffer.
- 4
Consider how long it typically takes to find a job in your industry.
- 5
Aim for at least 3-6 months of runway before quitting without another role lined up.
Pro Tips
Factor in taxes: Payouts are taxed, so don't assume the full gross amount.
Health is wealth: Don't forget to budget for health insurance if it was previously covered by your employer.
The 'Hidden' Job Search Costs: Budget for coffee meetings, professional clothes, or extra certifications.
Recommended Resources
Level up your financial clarity with these related tools and guides.
Ivy Sinclair-Wren
Financial Chaos Analyst
Ivy Sinclair-Wren is a Financial Chaos Analyst covering investing, AI, wealth psychology, and the emotional consequences of opening finance apps during market crashes. Based in Melbourne, she specializes in demystifying the Australian tax code and helping users navigate the intersection of spreadsheet logic and human irrationality.