As a freelancer, income isn't always steady. Take a hard look at your monthly expenses like rent, groceries, and bills, and create a realistic budget covering the essentials. Don't overestimate what you can afford.
Tip 2: Make Saving a HabitPay yourself first by automatically transferring a portion of each payment into a separate high-interest savings account. If you don't see it, you won't miss it!
Tip 3: Separate Work and PlayTo keep business and personal finances untangled, open a dedicated checking account just for your freelance income and expenses. No mixing allowed!
a Tip 4: Know Where It GoesTrack every dollar coming in and going out using an app, spreadsheet, or good old pen and paper. Reviewing expenses highlights areas to cut back.
Tip 5: Stash for a Rainy DayFreelancing has its slow periods. Gradually build an emergency fund with at least 3-6 months' living expenses to carry you through any future dry spells.