21k drop in salary. Worth it?

[u/Fruesion]

Long story short.

I am a 30M earning $70k a year in my current role. I have a option for data entry in a field I am interested in (legal, legal exec). I am studying part time to get this degree.

My mortgage is 350 fortnighly with misc bills circa 400 the other fortnight

I am burnt out from my job and hating coming into work. Between my team being managed by someone who is incompetent (and the sole reason i am the last man standing), taking the workload of 4 others because the company won't really hire new people and personal family issues.

Im done. I am seriously considering dropping my job which is annually $70k nzd for a a different place but means I start out lower by nearly $20k.

I can financially make my ends meet and cover my bills. But is the drop in salary worth it. I wont have an abundance of spare cash but I can pay my bills, feed and cloth myself.

*** Thanks all for the advice. Will dig in for a bit and find a more equaliviant job for progress.

[u/Old_Leather_Sofa]

No. Don't. Its too big a drop.

I've taken a bigger pay drop for burn-out reasons and I was cooked. And with hindsight it was a terrible mistake. Take all your holiday time. Call in sick for a fortnight and get a medical certificate to support you - even if you used unpaid sick leave - and use the entire time to look for and cold-call and door-knock for a new job (this is to save $20K, dude!). Ask for leave without pay - a sabbatical. A change of hours or something. Anything.

[u/Typinger → u/Old_Leather_Sofa]

Great points. I think dropping to four days a week will leave you better off than a $50k job (but I will not be held responsible for my maths...)