- Guest Contributor
- January 5, 2022
As you ring in the new year for 2022, it’s time to think about what money habits to ditch in favor of winning practices. With that move, you can get your gig worker income working for you, setting yourself up for true success in the coming years. If that sounds like just what you need, make the four following financial resolutions your own and get ready to watch your funds grow.
1. Say Goodbye to Carrying Debt Balances
If you regularly carry debt balances month to month, the interest rates are undoubtedly eating into your bottom line. So, the first of your 2022 financial resolutions is to say goodbye to them altogether by vowing to pay off your debt once and for all. To work toward that goal, you’ll just need to decide if you’d like instant gratification or big wins.
If you want instant gratification, go with the snowball method by paying off all your smallest balances first. For big wins, choose the avalanche debt repayment method by whittling down the highest balances.
2. Automate Your Savings to Build a Safety Net
Does your savings account only get deposits when there’s money left over after paying bills? If so, you’re missing out on the chance to build your nest egg in a meaningful way.
Thankfully, you can make saving a top priority by turning it into a bill and automatically depositing a set percentage of each payment. Ideally, you’ll want to save at least 20% of your earnings to build a large safety net.
But if you can’t swing that, start lower and slowly increase the amount by 1% every once in a while. Don’t forget to sock away funds for your quarterly tax payments as well if you’re going to owe more than $1,000 by year’s end.
3. Find Ways to Boost Your Income Each Month
In order to keep up with inflation and improve your bottom line, find new ways to boost your income each month. If you work an hourly job, request more hours, stay on for a bit of overtime, or even ask for a raise.
For even more flexibility, seek out additional gigs through the Jobble marketplace. With each search, you’ll get to see all the hottest jobs available to independent workers, allowing you to fill the gaps in your schedule. You might even find gigs that align with your hobbies, making it feel like you’re not working any extra shifts despite the additional income coming in. Just remember to give yourself plenty of self-care along the way and take breaks to avoid getting burnt out.
4. Only Use Services That Show They Care About You
If your financial services make you feel like just another number, it’s time to change all that by going with companies that show they care, like indi for Jobblers. Built for gig workers, this banking platform allows you to manage your money like a pro.
You can use your FDIC-insured account to collect payments from your gigs and access your funds with your Mastercard debit card. They even allow you to automate your savings by putting a percentage of each deposit away for a rainy day.
As you make your financial resolutions a top priority at the start of 2022, you set yourself up for true success as a gig worker. On top of that, you’ll get great satisfaction from seeing your money grow as your new habits pay off.
About the Author: Marie Abendroth is a skilled content strategist and SEO copywriter who has been a proud part of the gig economy for over 10 years. In her articles, she aims to provide up-to-date info that can help everyone achieve their goals as an independent worker. You can find her on WriterAccess.
