Sabbaticals and time-offs! Here is your ultimate guide to a career break!
Updated: Oct 7, 2020
In a lot of ways, our careers define us. What we choose to accomplish, our financial status and our social standing. What’s more, we, as women, also tend to face career breaks a lot more than our male counterparts. So how do we stay ahead of this? How do we plan out everything?
At Basis we are constantly bringing solutions so that you can have a stress-free financial journey.
Introducing the Basis Career Break Calculator!
The Career Break Calculator will help you understand how much money you would require, without facing a financial strain in the event of a career break!
How do I get started?
In order to get started, you will need to get the Basis app on Google Playstore.
Once you have it, you will be able to access the 'Advisory' section in the app. Do keep the following information ready, before you begin!
At what age do you plan to take a career break?
How long do you expect the break to last? Since career breaks are usually a little longer, we would require you to input a time that is a minimum of 1 year.
What do you expect your monthly expenses to be during your career break?
And that’s it!
You will instantly see the estimated amount you need to sustain your sabbatical! We factor in inflation and use average returns on your money to calculate the final amount. If you have some savings already, simply deduct that from this amount to understand how much more you will need to ensure a smooth and financially stress-free break.
Sounds magical, doesn’t it?
Everyone’s financial journey is one of discovery. With Basis, you don’t have to venture alone. We are here to help you make this journey through in a way that allows you to enjoy all the little moments, called life!
This article is written by Ashu Mishra for Basis Ashu works as a Product Manager at Basis. Basis is a first-of-its-kind platform, aimed at enabling women to achieve financial independence through expert advice, in-app knowledge Boosters and supportive communities.