Digital Nomads

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For freelancers when traveling how low does your saving account get before you begin to sweat? (alien.top)

submitted 11 months ago by AdComfortable6056@alien.top to c/digitalnomad@expats.zone

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What’s your comfort threshold for your savings account when digital nomading as a freelancer?vWhat number do you begin to really stress when it’s below?

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[–] ANL_2017@alien.top 1 points 11 months ago

Yep. Been a freelancer for 3 years and that’s the freelancer way: “feast or famine.” When it’s going well, I’ve made five figures in one month. When it’s not? I’ve sat on the toilet and cried while envisioning panhandling in Central Park.

But I try and keep $20k in a high yield savings account for big emergencies and $10k in another savings account that’s easily accessible

I also have two IRAs I can cash out if shit starts to look REALLY bad. But by that point I’ll just go home.