Making a career change is not just a job decision. It’s a money decision.
Workplace financial educator Katie Vine (Better with Money) shares a practical plan for career transition, including how to model salary dips, build an emergency fund based on essential spend, assess roles by total reward (not salary alone), and protect yourself through pensions, benefits, and National Insurance planning.
Vine also covers common “life quakes” that shape career and money decisions, including caring responsibilities, menopause, divorce, redundancy, and the gender pay and pension gaps.
Learn how to:
- Understand how life’s big shifts impact your finances before you change careers.
- Identify the hidden money risks that come with transitions such as caring, redundancy, menopause, or divorce.
- Assess your full financial position, including income, savings, debt, and benefits.
- Calculate the real cost of a career change, including training, commuting, and lifestyle adjustments.
- Plan for a short-term income dip without putting long-term security at risk.
- Build an emergency fund based on essential spending rather than salary.
Length: 49:27
Resources mentioned:
Careers Can Change “Financing your career change” toolkit
The government’s MoneyHelper site
