So I’m moving out to California and am planning on being self-employed for the foreseeable future, though I’ll be applying to jobs and hopefully have some good news on that front. With a healthy emergency fund and a steady income coming in from blogging, I am set up well for someone who’s quitting there job with no future prospects.
I’m not worried about not having enough money because I know I will make enough to cover expenses and then some, but I can’t always count on that income coming in, can I?
My main concern is that I will want to squirrel away as much money as possible so that I can protect myself from disaster should my blogging income not keep up the way it has the past few months.
I like living below my means, but sometimes I take it too far. Will I not want to eat out? I’ll be able to afford it, but I don’t think I’ll want to spend it.
With a steady job, it’s easy to see how allowances like that are allowed on a regular basis, but when the income isn’t as guaranteed, how should I handle it?
At what point will my emergency fund be big enough for me to not be stingy? 3 months of expenses? 6 months? 12 months?
I’m very excited to be self-employed. I will get to set my own hours, work on my pet projects, and have time for the things I want. But will I be afraid to be myself and spend any money?
Readers, what advice do you have for me? Should I try to live my normal life? Or should I save as much as possible for later?