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Need help preparing to quit job in the Fall

Using a throwaway since I have a couple coworkers who know my main. TL;DR: I'll be leaving my job of 7 years in the Fall to study/travel and am looking for any and all advice to financially prepare for it. I'm a 32yo male living with my girlfriend of many years in CA. I didn't do particularly well in undergrad, nor was the degree especially valuable, but still got a decent paying corporate job 7 years ago and today make $80K. My gf makes roughly the same. I'm currently in my 3rd term at an online university pursuing a degree that will help me transition into a new career altogether with solid long-term prospects. I've decided to (most likely) quit my job in the Fall so that I can (1) study full time and finish earlier, (2) travel to Europe for a few weeks relatively care-free, and (3) relax a…


Using a throwaway since I have a couple coworkers who know my main.

TL;DR: I'll be leaving my job of 7 years in the Fall to study/travel and am looking for any and all advice to financially prepare for it.

I'm a 32yo male living with my girlfriend of many years in CA. I didn't do particularly well in undergrad, nor was the degree especially valuable, but still got a decent paying corporate job 7 years ago and today make $80K. My gf makes roughly the same. I'm currently in my 3rd term at an online university pursuing a degree that will help me transition into a new career altogether with solid long-term prospects.

I've decided to (most likely) quit my job in the Fall so that I can (1) study full time and finish earlier, (2) travel to Europe for a few weeks relatively care-free, and (3) relax a bit. The ultimate question is – what steps am I missing during these preparatory months?

  • As mentioned, $80K (gross) income
  • ~$10K in cash
  • $20K in series I bonds, half to be available in November, half in January 2023
  • ~$17K in a brokerage account
  • ~$14K in my HSA
  • $7K in Roth IRA
  • $78K in 401K

Current expenses per month (not counting giving, entertainment, etc.):

  • $700 rent (my share)
  • ~$50 utilities
  • $25 internet
  • $40 auto insurance
  • $20 gas (I don't drive much)
  • $5 renter's insurance
  • $30 phone
  • $220 groceries (plenty more on other junk I could cut)
  • $200 “fun money”
  • $50 subscriptions (Netflix, Spotify, etc.)
  • $100 misc.
  • ~$2,000 All of the above plus being realistic of my spending and other expenses (like health insurance)

The current plan is to save up another maybe $10K in cash between now and the Fall to give myself a 6+-month buffer where I wouldn't be working + some travel money. As you can imagine, I am as anxious about this as I am looking forward to it. Knowing my luck, the economy will completely tank and unemployment will hit 20% right after I quit. So I'm just trying to dot all i's and cross all t's while I still can.

Any help is much appreciated!!

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