As a freelancer, you’re not an employee.
You’re a business owner.
And if you’re running a business, you need to make sure it’s sustainable.
So part of your CEO job description is to manage your finances well…
Here are 3 simple steps to manage your money as a freelancer.
1. Separate your personal and business accounts. Like what I’ve said, you’re a business owner. So it makes sense to separate your personal money from the money you make from your business. It’ll also save you big time from tax issues.
2. Set a business budget. Budgeting seems scary. But it’ll help you plan out your monthly business income and expenses.
3. Set aside money for savings. Sometimes, there are clients who don’t pay on time. This is why you need to save extra money in case you have a late client payment, non-payment, or no-work situation.
There you go.
Do this and you’ll see your financial goals achieve in no time.
On this episode of our FLIP Chat & Chill session, we talked about how freelancing can impact your financial goals.