Money Saving Tips for the Self Employed

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Working for your self can be very tricky. One month can be very busy with you making more money than you know what to do with it. Another month can have you literally surviving with the coins in your wallet. Which is why you have to be savvy with your money to survive as a self-employed person. You can not afford to spend every penny you make because you never know how busy or not busy the next month would be.  This is the reason why many people cannot afford to work for themselves.

When there is no steady pay check, many people will struggle to manage their money. They may easily find themselves struggling to pay their monthly bills, when work is quiet. Which is why I am grateful there are credit facilities like CashLady and Credit Cards to use on essentials when money is tight. You never know when you will need services like them, so it is good to know they are available.

 

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Here are some money saving tips for the self employed –

 

Buy everything you need online

This may not sound like a money-saving tip but trust me it is. I do 99% of my shopping online. The 1% is when I am out and about and need to grab something. Or the odd time we run out of groceries, and I need to head out to our local supermarket to grab some essentials. I do all my shopping online because he saves me money. Shopping in the stores is way too expensive for me. Apart from the fact that I have to get to the shops physically, which costs money obviously, I am usually tempted to buy more than I planned to buy. Shopping online keeps me focused. I buy exactly what I need without wasting money on what the shops want me to “need”.

 

Do it yourself

I try to do all I can myself. So childcare, cleaning, cooking and everything in between, I do myself. Managing my time and working from home helps me sort out my chores and daily activities. That way I save my money. Outsourcing jobs like these means you spend more money. So doing it myself helps my money go for longer. It also allows me spend more time with my growing kids. I am proud to say I have never paid for childcare, thanks to me being able to work from home.

 

Meal Plan

To avoid wasting food and eating out way more than you can afford to, you need to have a weekly meal plan. My health  and wallet has changed for the better since I started planning meals in advance. Meal planning gives me the opportunity to include all I need in the weekly online shop. It also allows me cook from scratch because I know what needs to be done and I plan my days towards getting them done. If you don’t meal plan, I suggest you try doing this now and see how much money you save. Also, food wastage would be a thing of the past as you would only buy want you need for your meals.

 

What do you think fo these money-saving tips?

How to Improve Your Productivity When Working From Home

It has always been my dream to work from home and when I finally achieved my dream to start my own business, I was so happy to say goodbye to long commutes, office politics and unappreciative bosses.

Little did I know that working from home had its own unique challenges. One of them was staying productive while working from home.

It’s tempting to slack a bit while working from the comfort of your own home. No one bothers you with deadlines and the environment is extremely cozy. But as a freelancer, I had to discipline myself. I realised that unless I improve my productivity, I’m not going to get further in my work.

 

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If you’re like me and you’re looking for a way to stay productive, then here are 5 ways to improve your productivity when working from home.

 

  1. Create a productive workspace

You need to create a clearly defined workspace where you can focus on anything work or business related. Create a workspace with a desk and a chair where you can sit and do all your work so that whenever you sit in that space it’ll always put you in the mood to get productive.

Although it may feel comfortable to work curled up in your bed, more often than not, it doesn’t inspire productivity. This is because your bed only inspires sleep and relaxation.

 

  1. Prepare your schedule the night before

Planning your day is the best way to stay productive. When you prepare your schedule the night before, it puts you in that state of mind that there are tasks that need to be done.

A schedule keeps you on track of the tasks that need to done for the day, what time you’re meant to do them and how long each task will take. Productive people are always dependent on their schedule. Without a schedule, you won’t know which task to do and that can be a huge time-waster, if you ask me.

 

  1. Take breaks

This may sound very counterintuitive but taking breaks actually helps you stay productive. Breaks give you the opportunity to recharge before working on the next task. A 5 to 10 minute break can do wonders to refocus your concentration on the next task ahead. So, make sure that you schedule breaks when planning your day.

 

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  1. Avoid distractions

Put your phone away. Turn off the television. Don’t check your notifications. In short, avoid anything that can distract you from working.

You may have heard a lot of people being able to multitask. But research shows that multitasking doesn’t actually make you productive. Distractions take you away from actually maintaining uninterrupted workflow.

 

  1. Break your tasks into chunks

As much as we all want to devote 100 percent concentration to our work, it’s far more important for your productivity to break down your tasks into smaller manageable tasks.

This will help you complete your work a lot faster as it will be less overwhelming to tackle a large task. When your tasks are broken down into manageable chunks, it helps you focus your attention on your workload one chunk at a time.

Dealing with anxiety as a self employed person

*Collaborative post.

Self employment has always been the dream, and I am grateful I am able to live this life especially with my kids being so young. But being self-employed comes with an unstable income. The uncertainty can be very worrying and the worry could lead to serious anxiety if you let it. I have been a mum for over 5 years now, while running my online business by the side and I have picked up many ways of dealing with anxiety as a self-employed person. Here are a few of the ways I combat anxiety.

 

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Save the money

Running your own business means sometimes it rains with money and sometimes it doesn’t. I have always been more of a saver than a spender, so that helped me in this self-employed journey. I always put money away just incase an unexpected bill comes up, or business becomes really slow the next month. Saving the left over money means I don’t worry about paying my bills the next month.

Ageing my money helps me deal with anxiety, and it is one tip I always recommend to business owners. Save that money. It may come in handy in a few months.

 

Have faith

I don’t really talk about my faith on here because it is not a faith blog, but I believe in God. That faith helps me when anxiety comes knocking. I am a very spiritual person, and my active spiritual life helps me deal with issues that seem impossible.

It may not be your cup of tea but it works great for me. I can’t imagine living a life without my faith in God.

 

Self care

When you are working for yourself, it may be very hard to take out time for self-care. I have started paying more attention to my mental health and the extra attention helps me stay on top of my self-care, which helps get rid of any anxiety. It could be a nice long walk on a beautiful sunny day, or going for a relaxing massage at the spa, or watching a movie at the cinema.

Self care is very important especially when you are a 1 man team. If you are having issues with your mental health and want to read up more on this, check out Better Help for more information on who is best to speak with. Also, you can look into trying different self care products like a foot spa, massage chair to unwind, and the likes, in order to figure out the products that fit you.

 

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Take your work seriously

I take my work very seriously and I think that helps me get a steady flow of income. I work every free time I get (more than 40 hours a week) and I believe I am the true definition of a hustler. Nowadays I try to take the as much time as I can afford to take off but I am always working. That helps me stay on top of my bills, keeps my mind busy and get rid of any anxiety.

 

Music helps

Music is good way for me to escape all my problems. It is like food to my soul and I feed on it everyday. I love listening to good music. My Spotify playlists come in very handy. You can easily catch me typing up a post and listening to some cool songs.

 

 

How do you deal with anxiety as a self employed person? Do you have any tips to share?

 

 

 

 

 

 

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