Step 4: Build yourself a budget

It's key to know what you have, and how much money you will need to stay afloat through the job search process. Although you may not need to prepare financial statements, Stewart says, you need to have a firm grasp on your situation and how you intend to manage it. You also need to think about your revenue requirements in the new job, adds Stewart. You should have a good idea of both what you want and what you need before you begin to negotiate.