Brilio.net – Becoming a freelance worker is a job that is currently often done by students, especially generation z. Being a freelancer does have its pluses and minuses.
The advantage of being a freelancer is that we have very flexible time and can adjust the time we want without being tied to an agreement from the office. The worst part is getting complaints from clients, the rest you can manage yourself, including incoming and outgoing finances.
The minus is the matter of uncertain income. Very different from those employees who have a monthly salary. Therefore, it is important for freelancers to have financial management skills.
How to manage money for freelancers must be done carefully, because if you don't, your financial condition will be messy and it will easily run out. Apart from that, if you are not good at financial management, then you will definitely not have savings.
If you're curious about how to manage finances for freelancers, check out the tips that brilio.net summarized from various sources, Thursday (15/2). These tips will help you so that your financial condition is not in shambles, live comfortably and save.
1. Make a monthly budget
Being a freelancer definitely has an income according to the projects you get without being concerned about working hours. Therefore, it is important for you freelancers to create a monthly budget that includes the average income you earn in a month.
Apart from that, also plan expenses for basic needs such as food and transportation when you have high mobility. It is also important for you to set aside money as an emergency fund or insurance.