Advertisements

3 Finance Tips for the Self-Employed

Being self-employed is amazing. It is one of the best things I have ever done. I really can’t imagine working for anyone ever again. It feels liberating to be able to dictate the pace in which I work. And being able to work from home whilst care for my growing kids is a blessing. I am super thankful everyday for this amazing life I have been blessed with.

 

Blogging Tips Image

 

Having said that, managing the finances can be a little tricky when you are self-employed. Especially when you are dealing with clients that never pay your invoices on time. I have had to put on my accountant hat to keep my business thriving. For those who do not know, I have a degree in Accounting (graduated university in 2006) but only practised for 1 year. The story surrounding that is a whole new blog post for another day.

Here are some finance tips I have picked up in my self-employment journey.

 

Be Careful with Credit

As a self-employed person, you need to be very careful with credit, especially credit cards. You may find it super easy to shop on your credit cards, especially when you are dealing with late payments and need to survive. If you must get some kind of credit to survive, make sure you understand the payment terms and don’t get carried away with spending money that isn’t yours.

If you have to deal with unforeseen circumstances and need quick money, a company like Cash Lady could come in handy. This company helps customers to find short-term finance solutions. So they are good for when your boiler or car break down, or when you need money quickly for urgent home improvements.

 

Keep Records

I am always on top of my records. Leaving it all until the end of the tax year will stress the life out of me. So I make a note of money coming in and going out.

Sending invoices is a great way to keep track of your money. I always send out an invoice for every project I work on. Even if the client does not request one. I need it for my books, so I get invoices sent out for my records.

 

Claim the Expenses

When filing my tax return, I make sure I claim every expense. This advice also links back to the keeping records tip. I always keep track of every expense, all year round. This makes it easier for me to claim the right amount of expenses. If you are not sure what you could claim as an expense, here is a detailed list of all expenses the self-employed are allowed to claim.

 

I hope you find these finance tips useful. If you have any finance tips for the self-employed, please share in the comments section below.

 

*Collaborative post.

Advertisements

How to share your passion for fashion online

In order to enjoy a long and happy life, it is important that you are spending your time doing what you love. If you are going to achieve this, you will need to find one key passion or pastime to focus on. Then, you will need to clear out your schedule, so that you are left with plenty of time to follow your dreams. Whatever your interest, there is sure to be a way for you to share it with like-mindedenthusiasts. For instance, if you are a dedicated follower of fashion, you should embrace at least one of the four options listed below.

 

Start your own YouTube channel

If you are a confidentindividual who loves to communicate, you should think about starting your own YouTube channel. Thisis a fantastic platform for you to share your passion for fashion. Once you have set up your account, you could produce clothing hauls, lookbooks, and honest reviews of celebrity style choices. If you decide to push forward with this project, just make sure that your channel appears as stylish as possible. In order toattract a following of fashionistas, it is vital that you invest in your visuals. Luckily, this doesn’t have to be an expensive or complicated step. You can simply go online to find out how to make YouTube intros that will stand out for all of the right reasons.

 

 

UK Fashion Image

 

 

Write your own blog posts

Another great option is to write your ownblog posts. If you are not as comfortable sitting in front of the camera or sharing your image online, this could be a great way for you to focus on your writing skills. It could also be a brilliant opportunity for you to share your wisdom withothers. Perhaps you are an expert in styling a daytime look so that it can transition into the evening. Or, maybe you love to restore vintage garments and use them to add a unique flair to your closet. Whatever the case, you will need to find plenty of topics that you are eager to write aboutbecause that way, you will always feel motivated to produce content for your online following.

 

Invest in your social media

Alternatively, you could invest in your social media. In this digital age, it has become extremely popular for people to make their living online. Whilesetting up an Instagram, Twitter, or Facebook account might not seem like an investment in your future, it could be a great way for you to establish yourself as a social media influencer. If you always find yourself one step ahead of the rest, why not use your online platform to share your fashion hints, tips, and predictions? You could also takeoutfit-of-the day selfies and then share them online. As your profile grows, you might even find that you are approached by online retailers who would like to work with you to promote their products. Simply tagging them in the description or posting a discount code could be enough for you to bring in an impressive profit.

 

Set up an online store

Finally, you should think about setting up an online store. Thisis a wonderful way for you to make your mark inthe fashion industry. Rather than directing your online audience to other people’s operations, you can take matters into your own hands. One option is to create your owngarments or accessories from scratch and then sell them online. However, you could also find success by buying in stock from other companies and then setting up an outlet retailer that deals with all of your favourite labels.

 

How do you share your passion for fashion online?

 

*Collaborative post.

How to Effectively Work from Home

Working from home is a great opportunity. If you have the privilege of working from home, I say grab it with 2 hands. It is good to be able to work from home or anywhere you find yourself. But it can be very tricky when it comes to finances. Working from home can also have both a positive and negative affect on your mental health.

It’s very important to set up a good space to work in that will allow you to work effectively and feel comfortable. The following tips are helpful for anyone that works from home whether you are launching your own fashion label, studying an online RN to BSN program, or are employed by a company.  

 

working from home picture

 

Image Credit

 

 

Here are five tips to help you squeeze the most from working from home.

 

Setting up the work space

The first step, in setting up your office is to declutter the space.  A distraction free environment will allow you to focus on work. So set up your owkr space and get rid of any clutter or distraction. 

 

Furniture

There’s a very strong chance you’ll need a desk, even if you are working from a laptop. You will want to spread out and be able to focus on your work.  The most basic office furniture checklist comprises a desk, a supportive chair, a bright lamp, and some type of file storage system.

What you sit in is extremely important, as you’ll likely be sitting in this chair upwards of eight hours a day.  For this reason you’ll want a chair with decent ergonomic support and plenty of padding as you don’t want to be suffering with a bad back due to your desk and chair set-up.

 

Work when you should

It’s all too tempting for you to lose focus on your work when working from home. Especially with the many social media platforms. You have to have the discipline to work when you should, or you will spend the time doing nothing productive. 

 

Have a routine

Working from home can be both a blessing and a curse; on the one hand your commute is now limited to going from your bedroom to your home office, which has huge benefits in terms of convenience, but it can create a less focused emotional state if you’re used to a morning ritual of getting dressed in business attire (rather than sweatpants or your dressing gown) and being around colleagues in a similar state of ‘working’.  

 

The most important thing in terms of having a routine, is that it provides structure and keeps you focused – set yourself a lunch hour between a set time each day, or adopt the approach that many successful people take which is to get dressed for work, as if you were going to the office, rather than sitting around in your underwear.

Do you work from home? What do you think of these tips? Please sound off in the comments section below.

Thanks for reading.

*Collaborative post.

error: Content is protected !!