We all know that having a second job can be challenging, especially when you’re trying to find time for yourself and family. People who work as freelancers or gig workers are often at an even greater disadvantage than others because they don’t have the same options such as sick days and health insurance that employees have. This article includes tips on how to make sure your business will survive while you’re working on your own terms.
Work-life balance and work-life conflict
The Gig economy is changing the way people are paid and what they do to make money. Many companies, especially those in the tech industry, are looking for ways to support their gig workers. There is a growing need of companies to provide benefits that work with these types of work arrangements.
Unfortunately, too many gig workers are not aware of all their options for financial assistance. With so many different factors and options that could impact the gig worker’s life, they sometimes can’t find the right solution without outside help. Services like Quicken Loans Careers’ Gig Talent Loan Program offer an opportunity to help these workers get the lending help they need.
Tips for saving money on dues year by year
Many people who work for gig companies don’t have the same benefits or access to funds as those in traditional jobs. One way to help is by saving money on dues year after year, and using this money for something else. Join a company that has funds available for education, healthcare, or other needs of workers.
Sometimes, it can be difficult for gig workers to get affordable credit options. This is especially true if they are new to the industry, or don’t have any positive credit in their name. If you’re looking to start a gig career, staying on top of your cash flow and saving money wherever possible is vital.
Categorizing your clients
Clients in the gig economy are constantly switching employment and career skills. This can make it difficult to know how to categorize them, especially if you’re just starting out. If a client is a freelancer on the platform, they should be categorized as Self-employed. If a client has been with your company for less than a year, they could be categorized as Generalist or Specialist depending on their skill set and experience.
Keep track of your hours and taxes
If you work for a company that has branch locations, you may be required to submit your hours to the company. If you are paid hourly, it is important to track and document this information, so that you do not owe taxes on the overtime hours that you work.
It is important to keep track of your hours and taxes in order to make sure you are not being double billed. You can also use the tax software that comes with your online accounting service to help you keep track of these things. Some gig workers may need money for a down payment on a home or car, so if you have a 401k or other retirement account, talk to your financial advisor about making an early withdrawal.
Finding the right lender
It’s not easy to find out which lender works best for you. It can take some time and research just to find the right lender. Some factors that you should consider before choosing a lender include:
-Whether or not the lender is willing to work with gig workers
-How long has the company been in business
-The company’s experience with lending
The first step for gig workers is to find the right lender. Fortunately, there are a few things you can do to help narrow down your search. The first thing you should do is research reviews of lenders on the internet. Reviewing reviews will give you an idea of what type of people will work with you and the help they offer. You should also be aware that some lenders are willing to work with all non-credit card debt while others focus on credit card debt only. You should also make sure that the lender includes guarantees in their terms and conditions as well as has a strong reputation when it comes to working with gig workers.
This blog entry is about contacting a lender who may be willing to lend you money.
If you’re a gig worker, you may find it difficult to get a loan because your employment or independent contractor status makes you hard to credit. It’s also difficult to prove that you have steady income and good savings without bank statements and other documentation, which is why fewer lenders are willing to make loans for intermittent work. If this is the case for you, contact the Better Business Bureau and ask them if they can refer you to the appropriate lender.