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Cash Flow Management for Gig Economy Workers
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.
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