So you’re enjoying the awesome perks associated with being a freelancer — you make your own hours and are your own boss. However, the downside is that since you are independent and lack the backing of a regular company and a regular paycheck, you need to ensure that you keep your finances in check. To do so, you will need to budget, plan ahead, and make the right moves to create a financial safety net should your work dry up.
You don’t have to fear financial planning as a freelancer. Just like ripping off a bandaid, all the pain lies in the mindset. If anything, it’s much easier than you might think. Most freelancers overthink financial planning and never take the time to do it correctly, leaving them scrambling when it counts.
Don’t we all? There is always room for improvement in personal finance, after all. And, even if you have it all together personally, you might meet clients in the personal finance and stock investing space.