If you ever wished to take a break from your cubicle job, this sabbatical calculator is for you. It will help you plan your leave in advance so you can make sure you'll get your finances in order before embarking on an adventure or simply spending some time away from office. Read on to learn what is a sabbatical, how our sabbatical leave calculator works and - most importantly - how to plan it to get the most of it.
A sabbatical is often defined as a break, or rest, from everyday work. This kind of break typically lasts from two months to a year (but nothing prevents you from taking a longer sabbatical, of course). It is usually spent pursuing personal goals, such as traveling or writing a book. Some sabbaticals are paid (the academic ones), but most are just an unpaid career breaks. More and more companies offer their employees a possibility of sabbatical leave and returning to their previous job after such a break.
The concept of a sabbatical has a source in the Bible, as God rested for one day after creating the world. In celebration of that, people refrained from work on seventh day of the week (sabbath), and didn't work the land every seventh year - all agriculture stooped during this so-called sabbath year.
One of the most important aspects of a sabbatical is the financial one. A yearly break in an otherwise stable stream of income may seem frightening and discourage you from taking the leave. Start by using our sabbatical calculator to determine how much time can you devote - realistically - to your career break.
Notice, that our calculator determines the duration of a sabbatical spent with the same expenses as during working months. For instance, if your monthly expenses are $1000, you will have a budget of $1000 per month of sabbatical in your savings. If you plan to be spending more or less during the leave, the duration of the break will change.
Now that you know what is a sabbatical and how to calculate its duration, you have to take into account other factors. These include: