Reasons to not quit your job until you have another lined up
TRENTON, NJ -- 1) The process might drag out: If you leave your company without an offer lined up, there's a good chance you'll spend a good amount of time unemployed. The average company's interview process alone takes 23.8 days, but you'll need to account for time applying, negotiating salary, and getting paperwork in order as well.
2) You could be without health insurance for some time: Many employers subsidize the cost of health insurance coverage for employees. And there lies the problem. If you don't have a new health plan to jump on immediately, it'll be on you to secure coverage for as long as you remain unemployed. 3) You might go into debt: Going too long without a job could easily land you in debt. If your savings are lacking or nonexistent, it especially pays to line up a new job before handing in your resignation letter. Even if you have savings, you could end up depleting them if you go too long without working.
4) You could end up with a job you don't really want: If you embark on your job hunt after already having left your former position, you might wind up in a situation where you start to get anxious about the amount of time it's taking, and therefore agree to a role you don't really want. And that will only end up setting back your career instead of helping it.