FinStart logo
WebinarsJoin Collegiate
Sign In
CAREERLIFESTYLE & TRAVELBUDGETING

What Is the "Gig" Economy?

Written by: Cece (she/her)

1 min read | Published: February 8, 2021

Image for What Is the "Gig" Economy?

Career choices are always big decisions. How will you know that you made the right choice? What happens if you start a new career and it just isn’t for you? These are all questions we have to answer when thinking about what is best for our interests and lifestyle.

What is a gig job?

One of the new terms that you may hear while out looking for a job is that we have a growing “gig economy”. There are many jobs that are considered gig jobs. According to Investopedia, “in a gig economy, temporary, flexible jobs are commonplace and companies tend to hire independent contractors and freelancers instead of full-time employees.” This creates a workforce where people are no longer focusing on career development and are instead focusing more on the flexibility of this lifestyle.

Is it best for your lifestyle?

Determining if a gig is what is best for you requires considering the benefits and limitations of this type of work. Maybe you are unsure of what you want to focus on. Maybe you’re just looking for some extra money on the side. Because most gig jobs are temporary, it may help you find the career or profession that brings you the most joy. It is always important to do your research and make sure it is what will work best for your lifestyle.

If you are looking for a more stable job with traditional hours and benefits, then a gig job may not be what is best for you.

Was this helpful?

Browse Related

Image for Things to Think About When Accepting a Job

Things to Think About When Accepting a Job

BLOG | CAREER

2 min read | February 8, 2020

You’ve received a job offer — congratulations! Even if it’s your dream job, it’s important to look at all elements of the job carefully before you say yes. This is particularly essential if you have more than one offer to consider.

Learn More

Image for Jobs that Can Help Pay for School

Jobs that Can Help Pay for School

BLOG | CAREER

2 min read | January 27, 2019

Paying for school is a big expense and there are only so many loans available. Fortunately, there are jobs available to help you earn money for school-related expenses. Check out some of these jobs and resources.

Learn More

Image for When to Break Up With Your Employer

When to Break Up With Your Employer

BLOG | CAREER

2 min read | November 7, 2023

Starting your first job post-college offers a chance to learn and network. But how long should you stay? Striking a balance between growth and pursuing new chances can be tricky. Check out some tips on navigating this decision in our latest blog post.

Learn More

Browse by Category

Image for Budgeting

Budgeting

Image for Career

Career

Image for College

College

Image for Credit

Credit

Image for Fraud

Fraud

Image for Investing

Investing

Image for Lifestyle & Travel

Lifestyle & Travel


Collegiate Credit Union
CollegiateCU.org

Collegiate Credit Union accounts are held at Michigan State University Federal Credit Union where savings are federally insured to at least $250,000 by the NCUA and backed by the full faith and credit of the United States Government.

If you are using a screen reader or other auxiliary aid and are having problems using this website, please call (844) 201-9519 for assistance.

LEARNBLOGSPODCASTSQUIZZESCALCULATORSVIDEOSWEBINARSJOIN COLLEGIATEFAQABOUTCONTACT US
Download on the App StoreGet it on Google Play

Copyright © 2024 Reseda Group LLC, used under license.

Terms of Use
Privacy Policy
Disclaimer