3. Neglecting insurance plan investments
If you’re a freelancer in your 20s, most likely, it doesn’t occur to you that you need to invest in any form of insurance at all because you’re young and healthy. However, if you neglect getting an insurance policy, you’re also neglecting your overall health and well-being. Having the safety net of insurance can help you save up on expensive medical costs if something happens to you.
Since you don’t have the luxury of being part of a group insurance plan as you would when working for a company, you have to get your own plan and policy. Nowadays, there are many insurance options tailored for freelancers. They all have different benefits and coverages depending on your budget. Some packages can even go as low as P550 a month.