Welcome to The Barnum Report, Barnum Financial Group’s monthly newsletter. Each month we will be covering relevant financial industry topics as well as a monthly market update.
According to the Bureau of Labor Statistics, 16.5 million people rely on a contingent or alternative work arrangements for their income.1 Often referred to as the “gig economy,” these nontraditional or contingent work arrangements include independent contractors, on-call and temp agency workers, and those who sign up for on-demand labor through smartphone apps. If you are a contingent worker, you need to pay close attention to your finances in order to make up for any gaps in earnings that may occur between jobs.
Here are some tips for managing your money in a gig economy.
You’ve put in the hard work as a college student and finally received your diploma. Now you’re ready to head out on your own. And though you may not have given much thought to your financial future when you were in college, you have new financial challenges and goals to consider.
Here are some simple steps you can take to start on the right track with your personal finances.
Charitable Giving After Tax Reform
Tax reform changes to the standard deduction and itemized deductions may affect your ability to obtain an income tax benefit from charitable giving. Projecting how you’ll be affected by these changes while there’s still time to take action is important.
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