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We all know that freelancers don’t have stable incomes. Their incomes fluctuate. It can come very high in a particular month and not so high in another month.
How do freelancers plan their lives financially with the kind of instability in their earnings?
A freelancer's earnings are always unstable as it depends on whether or not they get jobs done. On those days that they get clients and earn well, their income is high. But sometimes they don't get clients or the ones they get don't pay much, that means their income gets low that month. FreelancersRead more
A freelancer’s earnings are always unstable as it depends on whether or not they get jobs done. On those days that they get clients and earn well, their income is high. But sometimes they don’t get clients or the ones they get don’t pay much, that means their income gets low that month.
Freelancers need to be aware of this so that they can plan on how they will spend money each time they get it. Better still, they may need to get more stable sources of income then use freelance work as extra sources of income, that is if they will get time for it.
It may also be great for them to practice bulk shopping and paying bills ahead. That is when they get fat pay checks, they prioritize the future needs and expenses so as to cover those times when they may not earn much.
See lessIt is hard actually because the money you'll make from freelancing are periodical and not periodical but I guess saving will help tremendously, on months you made a lot of money you can decide to save part of it, so that you'll be able to at least feed and pay bills on months that are not rosy. YouRead more
It is hard actually because the money you’ll make from freelancing are periodical and not periodical but I guess saving will help tremendously, on months you made a lot of money you can decide to save part of it, so that you’ll be able to at least feed and pay bills on months that are not rosy.
You should always be devising ways you can get more clients or create products that’ll help other people in order to increase your income.
See lessThe key is to not rely on a stable source of income. It is is more like a contractor, they only get money when there is a contract they need to handle, instead of relying on just that, they need to have more than a single source of income to achieve this. This is also why i am fighting really hard tRead more
The key is to not rely on a stable source of income. It is is more like a contractor, they only get money when there is a contract they need to handle, instead of relying on just that, they need to have more than a single source of income to achieve this. This is also why i am fighting really hard to ensure that i have other sources of income both online and as well as offline.
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