Riddle me this, freelancers – is a killer month when you earn $10,000 working on jobs or when you’re actually paid that $10,000?
If you’ve been working as a freelancer for any real amount of time, you know all too well that completing a job has very little to do with the timeframe in which you will get paid.
Some clients (who we love) pay immediately – for those who pay electronically, this is often literally true. Other clients (and we love you too – mostly) can take weeks, months or (gulp) even longer to get the money to you.
Because of this fact, it’s really hard to figure out things like what our weekly and monthly earnings are. You might complete that $10,000 job mentioned earlier, but the money that comes in that month is from a few dozen jobs the month before totaling around $4,000.
Knowing that this is probably going to be a fairly common occurrence, how do you plan for your budget, savings, and retirement accounts? What can you do to make sure that you always have money lying around that’s easily accessible? Continue Reading