Create an emergency fund - Deepstash
Create an emergency fund

Create an emergency fund

Despite all the benefits that come from working as a freelancer, there may be months in the year where you may desire a steady income to feel you can pay the bills.

Establishing an emergency saving fund can help you overcome the fear of a dry month.

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"My adversary is the world of finance." ~ Francois Hollande

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Create an Emergency Fund

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You can't predict an emergency, but you can prepare for one. The best way to do so is to set up an emergency fund of 3-6 months of living expenses.

Common financial emergencies include job loss, natural disasters and car, house and health issues.

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Your first step is to figure out what counts as a true emergency. 

Not all emergencies can be predicted, but many can. Car repairs, medical expenses, higher-than-normal bills. Even having a list of things that you can and cannot spend an emergency fund on can help you stay on track a...

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Having an emergency fund can prove life-saving when you are in desperate need of money. However, before starting to use the money, make sure the situation really requires the measure. 

For instance, try spending the money on situations that occur totally unexpectedly rather than on event...

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