Hi everyone-
Well, what I dreaded finally happened. My grant-funded position at a university ended, and I'm now looking at taking contract work for the short-term, possibly long-term. I will definitely do this in the immediate term as I need income flow right now.
I'm a therapist, so contract work typically entails keeping a % of my own billings, with another % going to the practice owner. No paid time off, benefits, holidays, etc.
I know I'll need to save money for taxes later, and will need to pay for my own liability insurance. I'm maintaining half-time status at the university, which thankfully qualifies me to continue benefits.
I've never worked like this, always had a steady paycheck, so what I need to do to prepare? I'm not quite sure yet the how much I'll make per hour, so I'll have to wait and see how much I get reimbursed, then figure out how many hours I need to schedule.
Anything else I should anticipate? This transition has me very nervous. I haven't stopped looking for full-time positions, and will likely continue to do so unless the contract thing proves promising.