78. How to Manage Inconsistent Income with Barbara Sloan
Financial Feminist
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The Importance of Emergency Funds in the Service Industry
No employer is setting up their employee with an emergency savings fund. You want that just sitting in a bank. You want three months of living expenses exactly like Not in a vacation bond not as a down payment just sitting there rotting. For people who are Technically w2'd in the service industry what you're going to start off with is an IRA. If your job is making you be on a 1099 or paying you under the table Yes, fuck them, um, but also Use this to your advantage. This means that you are a Entrepreneur and you have access to a bunch more thingsyou have access to write off a lot of your expenses.
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