Set Your Employment Priorities
Look back at the Employment Plan Worksheet. Have you considered every aspect? What else might be important to help you secure your financial and personal well-being at work?
When it’s time to make an adjustment to your employment situation, you can use the DECIDE Worksheet to set your goals and identify criteria for meeting your financial goals. Regardless of how you choose to tackle your employment and income goals, the most important thing is that you continue to set realistic goals and to check in with your progress regularly.
Click on each step below to see examples of the DECIDE process. Use the DECIDE Worksheet to get you started.
Define the Problem
- To help identify what you want to achieve, ask yourself:
- What is the problem I am trying to solve?
- What would my life look like if this issue was resolved?
- “I’m always living paycheck to paycheck. If I had more money left each month, I could save for a new car.”
Establish Your Criteria
- State what you want to achieve, anything you want to keep the same as it currently exists, and what you wish to avoid when making this change.
- “I want to earn more and save, but my kids need me home in the evening so I don’t want to find another part-time job.”
- Make a list of options that could help you achieve your goal. Be sure to consider the impact that option might have on your financial well-being, personal values and lifestyle.
- “I could get a new job paying more money.”
- “I could volunteer for overtime at my current job.”
- “I could ask for a raise.”
- “I could cut out my weekly movie and stop buying lunches out to reduce my spending.”
Identify Pros and Cons
- Go through the options to see which ones would meet your criteria. Your values will help you determine which option might be best.
- For the options you have listed, identify the pros and cons of each. Be specific.
- “I need more skills to get a better job.”
- “I don’t want to miss time with my kids working overtime.”
- “I’d like to prove myself a bit more before asking for a raise.”
- “Money feels so tight already and it would be hard to give up my few splurges.”
- Decide on the option you want to pursue.
- “I think the best option for me is to reduce my expenses while I gain more skills and start networking in my industry.”
- Once you implement a solution, evaluate the outcome.
- “At the end of the month, I will see how much I saved by skipping my weekly movie and bringing lunch every day. If it feels too hard, then I will adjust the plan.”