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Millennial Money: 3 things to know if you’re new to gig work by Kelsey Sheehy Of Nerdwallet, The Associated Press Posted Jan 26, 2021 6:55 am EDT Last Updated Jan 26, 2021 at 6:58 am EDT Shutdowns, layoffs and salary cuts brought on by the coronavirus pandemic have left millions of Americans searching for new sources of income. Those who’ve recently turned to gig work may be weeks away from a financial surprise in the form of unexpected tax bills and insurance coverage fine print. “These are the two key items that most new business owners overlook,” says Chris Russell, a San Diego-bas...

Kelsey Sheehy Of Nerdwallet January 26, 2021 - 3:55 AM Shutdowns, layoffs and salary cuts brought on by the coronavirus pandemic have left millions of Americans searching for new sources of income. Those who’ve recently turned to gig work may be weeks away from a financial surprise in the form of unexpected tax bills and insurance coverage fine print. “These are the two key items that most new business owners overlook,” says Chris Russell, a San Diego-based certified financial planner who specializes in business owners and the self-employed. Donâ€�...

Ideally, Schultz is looking for a three-bedroom, two-bathroom house listed under $500,000, but she's willing to be flexible on the details in order to keep the price down. "We're very committed to not having housing [cost] any more than 35% of our income," Schultz says.   This year, the couple hopes to make around $200,000 combined, but Schultz says the income from her new business is unpredictable. Outside their retirement savings, Schultz and her husband have about six months' worth of emergency living expenses saved up, as well as about $30,000 set aside for start-up business expenses and...