Emergencies can happen to anyone and at anytime, this is an excellent article that highlights three ways an emergency fund can save freelancers.
An emergency fund can help cover you during lean months.
This is where an emergency fund is especially important for a freelancer. As I already mentioned, freelancers have variable income which can make planning a little difficult. The only way to ride out the lean months is to have a fully stocked emergency fund.
For example, at this stage in my business, I know that the summer months are a little slow. Because I have a well-stocked emergency fund, I know that if I need to, I can dip into it to cover my bills. Fortunately, I haven’t had to do that this year but I do have peace of mind knowing the money is available.
Read the entire article here: Due Payments Blog