As a freelancer, you have the freedom to set your own schedule and work from anywhere. But with that comes the responsibility of managing expenses and saving money as a freelancer. Luckily, there are some simple steps you can take to ensure that your business doesn’t break the bank each month.
Keep track of everything
The best way to keep track of your expenses is to use a spreadsheet. A cloud-based app is also an option, but it’s important that you choose the right one for your needs. If you prefer old-school methods and want a more tactile experience, there are plenty of great notebooks out there that can help you stay organized–just make sure they have plenty of pages!
Whatever method works best for you, it’s important not only that you have some kind of system in place but also that it works well with how often and how much money comes in each month so there are no surprises when tax time rolls around
The best way to save money as a freelancer is to plan ahead. By planning your expenses and income, you can predict what your tax bill will be, how much money will be coming in during tax season, and how much of that can be saved or invested for retirement.
Planning ahead means taking steps now so that when it comes time for those big expenses–like Christmas gifts or buying a house–you’re not caught off guard by how much they cost.