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Idea from Erin Forst

Title

Cash Flow Management for Gig Economy Workers

Summary

How to deal with an irregular income. 1) Have an account for deposits separate from your personal checking. Set a salary to transfer to your checking. 2) Don't pay taxes and retirement funding later — "withhold" them from your deposit account so they never hit your spending account. 3) Build up a strong savings buffer. 4) Plan ahead (budgeting, taxes, etc) and always be ready to adjust.

Author

Erin Forst

Industry Category

Find writers and ideas in Finance