In these days of high mobility, there may be some waiting period while moving from one job to another. This problem gets compounded when you are financially weak. How do you ensure that you secure yourself financially?
• Plan for the change in advance by saving more than what you normally do.
• Ideally, you should have 3 to 6 months of salary as savings to take care of your financial commitments during the transition period.
• Ensure that you have covered yourself adequately with medical insurance.
• Keep your credit card liabilities to the minimum so that you will be able to use the credit card limits during your transition period.
• There is of course nothing like minimising the transition period.
