"The prospect of taking an extended unpaid break from work can be daunting. But with the right financial planning, it can be an opportunity to pause, spend time with family and explore new avenues"
"At the beginning of 2022, Karin McCarthy was at a crossroads. She had recently lost her father, while her children had reached adulthood and she was feeling burnt out."
"There were loads of life events coming up. I was turning 50. My kids were turning 18 and 21...and it just felt like I had been working, working, working,"
An extended unpaid break from work can feel daunting but becomes achievable with careful financial planning and preparation. Proper budgeting, understanding savings and anticipated expenses, and planning for reduced income reduce financial risk. Such a break can provide time to pause, prioritize family, rest, and pursue new personal or professional avenues. Major life events and burnout commonly trigger decisions to step away from work temporarily. Personal milestones, bereavement, and children reaching adulthood often prompt reassessment of priorities. Thoughtful planning before and during a break helps maintain financial stability and enables a more fulfilling transition back to paid employment or new ventures.
Read at Independent
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