Freelancers, Can You Survive 6 Months Without Income? The 6·3·1 Emergency Fund Rule
Why Freelancers Need Emergency Savings More Than Anyone Unlike salaried workers, freelancers don’t have guaranteed paychecks. Their income is often project-based, inconsistent, and vulnerable to sudden changes. A canceled contract, a late-paying client, or an economic downturn can instantly wipe out expected income. According to a 2023 report from the U.S. Bureau of Labor Statistics, … Read more