Changing Jobs for More Money – Is it Worth It?

I recently asked if you “would consider a move for more job opportunity?” As a follow up to that post, I’m sharing a guest post from Adrienne Carlson, who regularly writes on the topic of accredited online universities. Adrienne welcomes your comments and questions at her email address: adrienne.carlson83@yahoo.com.

Change Jobs = More Money

With the way the economy is, it’s probably a moot question anyway – Would you change jobs if it meant you are going to be earning more money? But, it is a question that needs to be answered, because if the situation does present itself, you need to know how to act. In my book, it’s not wise to change jobs when it’s a matter of just more money, because money comes and goes – what’s more important is job satisfaction and the extent to which you enjoy your job.

Consider a Job Change If…

Although the economy shows a few signs of picking up, jobs, especially the ones that offer the combination of stability and a good pay packet, are still scarce and few and far between. This means that it is wise to hold on to the job that you do have rather than go looking for something that pays better, unless:

  • You absolutely hate what you do: The most important aspect of a job is that you love what you do; if you don’t, you’re likely to be miserable and just go about the motions because you need the money. This in turn leads to mistakes and possible termination. So if you don’t love what you do, do what you love or learn to love what you do.
  • You really need the money: If you must make extra money to take care of debts that must be paid back, it’s ok to take up a new job that pays more if you’re sure about the reputation of the company and if you don’t have to make too many sacrifices in the process.
  • You don’t have to relocate: or make any other significant changes in your life that affect its quality. When you have to make too many changes in your life, you end up resenting it and take it out on your job.

When you change jobs just for the money, there’s no end to it; you tend to keep job hopping all your life, flitting like a bee from flower to flower without really gathering anything of substance. In short, you’re a rolling stone that gathers no moss. When you’re in a position in life that requires stability, it’s best to act with more responsibility and stick to something that you know and trust rather than tread into the unknown where your salary may not be steady or your job secure.

Have you ever changed jobs for more money? I know I have, but I’d love to hear your story below in the comments…

Carnivals from last week: Money Mistakes, Best of Personal Finance, Money Hacks, Frugality, Debt Reduction, Pecuniary Delights, Twenty Somethings, Personal Finance, Financial Planning

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      Last Edited: March 28, 2013 @ 12:45 am
      About Philip Taylor

      Philip Taylor, aka "PT", is a husband and father of two. He created PT Money back in 2007 to share his thoughts on money and to meet others passionate about managing their finances. All the content on this blog is original, and created or edited by PT. Read more about Philip Taylor, and be sure to connect with him on Twitter, Facebook, or view the Philip Taylor+ Google profile.