How can freelancers build an emergency fund?
An example of an AI chatbot conversation about building an emergency fund for freelancers.
How can freelancers build an emergency fund?
Building an emergency fund as a freelancer is crucial. Start by saving 3-6 months' worth of living expenses.
What percentage of my income should I save each month?
Aim to save at least 20% of your monthly income. Adjust based on your expenses and financial goals.
What if I have irregular income?
In that case, try to save a fixed amount during your high-earning months to cover leaner times.
Any tips for staying motivated to save?
Set specific savings goals and track your progress. Celebrate small milestones to keep yourself motivated!
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