Freelancers vs. Credit Card Debt
When people make impulse purchases, it is not because they aren’t aware that the money in their bank accounts would be better spent on other things. They know perfectly well how many hours of gig work it would take to cover the cost of those shoes or that Grubhub meal for the family. Most of the time, they are doing it to lift their spirits to help themselves keep going for another day of gig work. In a recent column, personal finance columnist Nicole Dieker Finley answered a question from a reader who makes a living through freelance work and asked for advice on how to pay down her five-figure credit card debt balance. The reader said that, not only is her income unpredictable, but so is her state of mental health, as is understandable for someone whose income has derived solely from gig work for multiple years. If you are in the same boat as this advice seeker and so many other freelance workers, contact a Philadelphia debt relief lawyer.
Acknowledge That Yours Is a Common Problem
Yes, it would be easier to pay off your debt if you had a salaried job, or even one that paid by the hour and assigned you to work an approximately equal number of shifts each week. Meanwhile, your credit card payments are due each month, as are all your other bills, and it is pointless to spend your time stewing in your resentment toward the people who snapped up the stable jobs when these jobs were available, although it does not hurt to apply for permanent jobs.
The advice to choose only the best gigs also comes across as tone deaf in today’s economy. Yes, freelancers learn from experience which clients are the easiest and most rewarding to work with. For the time being, though, you must choose the gigs you can get, even when it feels like you are treading water. Yes, all of this is bad for one’s morale. Anything you can do to stay connected to other people helps, especially people who, like you, do not have any money to spend on impressing people, whether that means going for a walk in your neighborhood with your neighbor or bringing your laptop to the public library to work on your gig work and striking up conversations with retirees who are also there for social interaction or the nannies of wealthy children, who are also there because it is the job that they could get.
Every Little Bit Helps
Don’t fall for the hype about how everyone should file for bankruptcy or fall for quick fixes that will probably make your financial situation worse. Every pay period that you pay even a few dollars above the minimum payment is a win.
Contact CONSUMERLAWPA.com About Your Credit Card Debt Relief Options
A Philadelphia consumer law attorney can help you get out of credit card debt even in a dismal economy. Contact CONSUMERLAWPA.com to set up a free, confidential consultation.
Source:
vox.com/even-better/24009317/how-to-get-out-of-credit-card-debt-mental-health-money-personal-finance
