"Being numero uno for every part of your solo enterprise can illuminate just how complicated it can be to keep any kind of business running. Unfortunately, becoming a solopreneur can complicate your personal financial choices as well. That's because money habits that felt innocuous while you were on a biweekly pay schedule can create financial mayhem on an irregular income."
"Prior to becoming a teacher, I worked a series of low-paying jobs, including several stints where I stitched together multiple part-time positions. During that period of what we might generously describe as my "early career," it was my habit to check my bank balance daily. This was in the early 2000s, when the internet still required a kerosene-powered modem to access Google, so it took some effort on my part to indulge in this habit."
Transitioning from employee to solopreneur requires managing many business functions alone and introduces complexity to personal finances. Regular paychecks create predictable cash flow and allow relaxed account monitoring. Irregular income can turn routine paycheck habits into financial hazards. Low-wage or multiple part-time jobs often require frequent bank-balance checks to avoid surprises. Predictable salaries reduce the need for daily monitoring but can create complacency. Solopreneurs need new routines: track irregular deposits, plan for gaps between payments, build reserves, and change mental accounting. Even steady pay periods can lead to overdrafts, so consistent financial vigilance remains essential.
Read at Fast Company
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