5 things every gig worker should know
August 17, 2017
“I recommend clients make two budgets — one that shows how they live currently and one that shows the least amount they can afford to live on,” says Laura Gilman, co-founder and managing partner of KCS Wealth Advisory.
She suggests putting aside at least six months’ worth of minimum living expenses into a savings account (or more, depending on your spending habits).
You can dip into your emergency reserve for months when you can’t cover the minimum expenses, says Gilman. But when you’re making more than the budgeted minimum, make sure to add the funds back to your savings account.”
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