Please sanity check me. I have been considering this for a couple weeks and I have the email drafted and ready to go.
Background. My job is draining and monotonous. I was doing okay with this until recently when I didn't get a raise I was promised due to an issue with HR. (See:
http://forum.mrmoneymustache.com/welcome-to-the-forum/is-job-hopping-mandatory/). Something that stuck out to me was somebody that basically said "Your managers just admitted that you are worth more than they can pay you." In addition my team laid off more than half of the people with my job title in the last 6 months. My job is completely safe, but while staff went down 50%, work only went down 25%. I have been stressed and overworked for months.
I'm looking to get into contracting, which I think will care less about any resume gaps. I had somebody in my field (a friends dad) look at my resume and he said it was very strong and he would be happy to forward it to some of his friends. My dad is also in an adjacent field and would do the same. I put my resume up online yesterday and had three headhunters contact me today. One for a consulting role, and two for contracts. One contract was too far away, but I did an initial phone screen with the other two and they are moving me ahead to talk to their clients. My boyfriends company also has an opening that they are planning for. They recently emailed to say "We are finalizing some other roles at the moment, but XXX asked that I check in with you and let you know we are still interested in your background. We are in the position where a few of these more senior roles must be filled first. "
Long story short, it seems like I'm in demand and shouldn't worry about getting a new job too much.
Numbers:
I will have 2600 in the bank when I wrap up, and 11k in easy to access savings, and another 24k in my 401k.
My monthly spending is $2400
My boyfriend pays me $675 in rent
I will make 4k this year from coaching speech/debate, so $333/month average. Part of this will be three monthly payments of $600/month starting in September, so it will be somewhat loaded towards when I need it.
I make $400/month from tutoring. I could probably increase this, I have already turned down people due to not having enough time, and once coaching starts I will be able to get more kids from my teams as well probably. Of course it could go down, but I don't expect this.
My health insurance costs will remain similar as I can be a 'domestic partner' on my boyfriends insurance.
Comes out to monthly outflow of ~1k, with me needing to take on only 8 more hours of tutoring a week to mitigate that.
The old advice is to never quit when you don't have something lined up, but I kind of just want a vacation and to get away from my current position. What am I not thinking of? Also, is contracting all it's cracked up to be?