Savings and Investments for Freelancers
Savings and investments are important for freelancers with uncertain incomes. A solid financial plan helps create long-term stability. Freelancers should set aside a portion of their income as an emergency fund for expenses during the off-duty period, and consider investing in assets that generate consistent income, such as mutual funds, bonds, or stocks. In addition, choosing the right health and life insurance can help reduce the risk of unexpected expenses. Setting financial goals and using income management tools, such as financial applications, can also help freelancers manage their money more effectively.