What’s your game plan as a freelance writer for unexpected events and expenses? Do you have an emergency fund?
Imagine buying same-day international plane tickets to flee political violence with a toddler. It happened to me while I was freelancing in Nicaragua. And those tickets were expensive.
What about an unexpected medical bill? Could you take time off if a family member got seriously ill…or if you were ill yourself?
If your house burned down, could you put yourself up in a hotel and restock your toiletries, underwear, clothes, and food before an insurance payout?
Most people don’t like to think about all the possibilities that could turn an ordinary day of freelancing into a need for fast cash. But it’s bound to happen.
And when it does, being prepared can make all the difference between being stressed out and desperate or nothing more than a minor bump in the road called life.
Here’s how I built an emergency fund as a freelance writer: