Freelance Financial Health: A Guide
Managing irregular income, taxes, and savings as a solopreneur.
By Jessica Davis · Financial Planner
· 1 min read
Freelancing
Freelancing offers freedom, but it comes with financial responsibility. The "feast or famine" cycle can be stressful without proper planning.
The 50/30/20 Rule
Create a separate business bank account. Save 30% of every payment for taxes. Live on 50%, and save 20% for retirement and lean months.