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Month: April 2023

Budgeting for gig workers: How to spend and save on a fluctuating income

Building, maintaining, and sticking to a budget can be a tough task for many of us with regular, full-time jobs. But it gets a lot more difficult if you don’t have a regular income, like those in sales-based jobs, seasonal workers, or folks who work in the gig economy. If you fall into one of these categories — as more and more young earners do — it’s especially important to budget wisely to have a plan for those months when the checks don’t come in quite as high as usual.

An eventful Q1 signals big changes in the markets. Where do you stand?

Sometimes the best-laid plans don’t work out as you expected. My mother always said, when things don’t go your way, consider the “why.” 

I believe that the Federal Reserve would do well to consider that message. We’ve just gone through a banking crisis caused in part by the Fed aggressively raising interest rates, which resulted in the closure of one of the largest banks in the U.S. and the sharpest decline in commercial lending on record. In the meantime, wage inflation and housing costs remain stubbornly high, while unemployment is historically low.

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