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Personal Finance Tips for the Freelancer/Self Employed

As a Freelancer/Self employed person, you have to remain on top of your personal finance to keep track of your money. Being your boss means you are in charge of everything, which means there is no one to blame when things go south. Focusing on your craft and ignoring your personal finance would only to money problems. And that is the last thing you need as a small business owner. Which is why you may find this personal finance tips post is useful.

 

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The law here in the UK states you get yourself registered as soon as you start making money from your craft. So I got myself registered as self-employed when I started making money from my online gigs. I have been registered as a self-employed for over 3 years now, and I have been making a steady income from my business since then. For those who wonder what I do for money, I make money from this blog, my social media platform, and from my book – How to Cash in as a Blogger. I am also a copywriter, social media manager and blogger outreach consultant.

The personal finance tips that have help me as a freelancer and self-employed person are as follows –

 

Have a separate bank account for your business

Having a separate bank account for your business is the best way to stay on top of all transactions. Running your business from your personal bank account is not the smart way to go as you could easily get confused with your business transactions and personal spending from the same bank account. There are many bank accounts to choose from, one of them being Think Money basic  bank account so it makes sense to go for one of them and keep your business separate from your personal life.

 

Keep on eye on your money

Once you have a separate bank account, the next thing is to keep an eye on your money. You should keep track of all incomings and outgoings so there are no surprises. Having a spreadsheet where you record all incomings and outgoings helps. I have a simple sheet on Microsoft Excel, and it helps me keep an eye on my money. I update the sheet every month and that way I know where my money goes and how much I bring in every month just by having a quick glance.

 

Budget for your taxes

As a business, you most likely would have to pay some form of tax. It is best to get this sorted asap, and not wait until the last-minute like some business owners would do. Budgeting for your taxes would also help you pay it up quickly without any problems. I like to get mine books done and my taxes paid up once the tax window opens. That way I know it is done for the year, and I can focus on other things.

 

Don’t spend all you have in the period of feast

As a Freelancer, you would know all about how unpredictable the freelancing life is. Freelancing is a feast or famine career. We usually earn different amounts of money from month to month, depending on the number of jobs that come our way. So we need to be on top of our budgeting game in order to make it in the famine period. Don’t spend all you have in the period of feast. If you do, you would be stuck with unpaid bills in the famine period.

 

Are you Freelancer? Do you have any personal finance tips to share? Please sound off in the comments section. Let’s rub minds

 

Thanks for stopping by.

 

*Collaborative post.

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Growing a thick skin as a blogger

Being a blogger opens you up to all sorts. You get the admirers and the trolls. The great comments, the shades and the in your face insults. The job comes with both as we expose our creation (whatever it may be) to the whole world. So if there is one thing you need to have or work on asap as a blogger, is to grow a thick skin. Blogging is not only about writing. You have to spent a good amount of time promoting your blog and social media platforms, especially in the early days.

 

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Putting your blog out there is essential in order to make a name for yourself. These actions usually attracts more eyeballs to your blog, which is a good thing. But then the trolls find you, and if you are not strong enough, the rude comments may stop you blogging altogether.

 

Growing a thick skin as a blogger

So how do you grow a thick skin as a blogger. I have been blogging for almost 6 years now and I have had a few rude comments but not as many as I thought I would if I am being completely honest. Which is a good thing I guess. I had most of the trolls in the first year of my blog, which I found surprising. I guess their aim was to kill the little confidence I had in my blog back then. I also have a feeling some of the trolls knew me in real life, which I find really sad for them.

 

Here are three ways you could grow a thick as a blogger.

 

Carry on anyway

I know how hard it can be. But the key to growing a thick skin as a blogger is to ignore the negative comments and carry on anyway. Delete any rude comment and block any troll on your social media platform. There is no need trying to have a conversation with them. The only aim of the troll is to make you feel bad about yourself and what you do. And that is because they feel bad about themselves. Don’t let them project their negative thoughts on you. Ignore them, use the delete.block option and carry on anyway.

 

Work on your self-confidence

In order to be a successful blogger you have to work on your self-confidence. This bit is very important. If you have no self-confidence, you wouldn’t be able to carry on anyway when the negative comments start rolling in. Once you have self-confidence and believe in your work, no one can get to you as much as they would if you don’t have any. You have the key to your self-confidence, use it.

 

Don’t take things personally

It is incredibly hard to not take things personal when people are nasty towards you, but you must learn not to. Nasty people live nasty lives which is why that is all they can give. Do not let them project their frustrations and bitterness on to you. Instead see right through them and keep it moving. Do not entertain or engage their negative energy.

 

What are your thoughts on growing a thick skin?

Outfit Post – Loving Summer Fashion

It feels like this summer has gone on forever. I started rocking my summer pieces since April this year. The heat wave has been on and off since then and it feels like this has this has been the longest summer ever. It is definitely the longest summer I have ever experienced in the UK. I am grateful I am able to wear a lot of my summer pieces. I hear the heat wave would be on and off until October, which is great new for summer lovers. Summer fashion has been giving me life this year and I am not in a hurry for that bit to go away. I am seriously loving the summer pieces in the stores and my outfit post category on Fashion and Style Police has been very busy.

 

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I am wearing this stunning Rose Cami Strap Maxi Dress – Serenna. This beauty landed on my doorstep some weeks ago and it has been worn twice already! I love the design of the dress a lot. And I think the colour is really pretty too! Definitely a perfect piece for a cooler summer day. It was very easy to style and dead comfy too! It is one of those pieces you throw on when you can’t be bothered to think too much about accessories, because it goes with almost everything.

This stunning maxi dress features cami straps with a bodycon fit. The flattering body hugging style is right up my street. It is definitely a season must-have!

 

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What do you think of this look? Do you wear a lot of maxi dresses? Are you loving summer fashion as much as I am? Sound off in the comments section, let’s chat. Thanks for stopping by.

 

What I Wore

Rose Cami Strap Maxi Dress – Serenna – c/o Femme Luxe

Leopard Print Sandals – Sam Edelman

Bag – KNOMO London

Sunnies – Gucci

Earrings – Dubai Gold Souk

Fitbit Charge 2

 

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