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My issue with many freelance writing jobs

I have been a freelancer for a couple of years now and this life definitely has its ups and downs. But the ups outweigh the downs massively for my current life, which is why I am still freelance. I truly enjoy the freedom being my own boss brings but sometimes it can get really frustrating. It is getting harder and harder to find good paying freelance writing jobs these days. Many of the writing job opportunities I find online are offering to pay the writers peanuts and some of these websites were the jobs are posted want a commission from the fees as well, which makes it even more frustrating.

My issue with many freelance writing jobs image

 

My issue with many freelance writing jobs

I don’t bother applying for low paying freelance jobs. The money has to be worth my time, effort and experience, or I wouldn’t apply for it. There is no point accepting low paying freelance writing jobs just to survive. I rather focus on other streams of income than do that.  At the end of the day, I am offering well written and researched articles. So if you want them, you would need to pay a fee I am happy to accept. I see a lot of ridiculous offers online, like $5 for a 500 word article or £10 for a 500 word article. That is just mad. I can’t imagine working for such low fees. I won’t be able to survive in the United Kingdom earning even £20 for a 500 word article. That is just way too low but I know that amount may be good money in other parts of the world, which is why these low paying freelance writing jobs exist in the first place.

These days I don’t bother applying for freelance writing jobs. Many of the jobs come to me through Fashion and Style Police and my social media platforms, and that works great for me. I rather have a few clients that pay good money than many low paying clients paying peanuts. The fact that I have other streams of income helps massively. I am not under so much stress because I know I have other avenues to make money. This may not be the case if I was a full time freelance writer. Which is why I always advise people to have as many streams of income when they are self employed. Relying on just one way of making money may be dangerous long term.

Do you freelance?  How are you finding it?

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How to Cope as a Freelancer by Ageing your Money

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I left traditional employment after having my twins, and I have been freelancing ever since. The decision of not going back to my old job after pregnancy was kind of made for me. Going back to my old job was not going to be worthwhile so I created jobs I could do from anywhere for myself. Being a freelancer/self-employed is not easy but it is worth it. I always weigh all options in life, and the pros of working for myself from home massively outweighs the cons, which is why I am still doing what I know how to do best.

 

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How to cope as a freelancer by ageing your money

Coping financially as a freelancer has been a learning curve. I have had to learn how to ask for the right amount of money for what the job I do. I have also had to learn how to manage my money so it covers all my living expenses and a bit more. Having some kind of savings is important for every one of us, regardless of the work we do. But it is really important when you are working for yourself, as you really have no guaranteed income. The only income that is guaranteed is what you currently have in your bank account. It is very possible to not make £1 for a whole week, only to make as much as £1000 the next week. Which is why you have to learn how to age your money.

 

Ageing your money

Ageing your money is something I have always known about and I have put into practice for as long as I have been earning money. However, I became more aware of this after reading the Wall Street Journal Bestseller – You Need a Budget by Jesse Mecham, earlier in January. The book really resonated with me. It was so good, I couldn’t stop reading it. I finished reading the entire book on my Amazon Kindle within 3 days.

I picked up a lot of tips from this book and I recommend it to all business owners, freelancers, self-employed, and even those doing traditional jobs. The book opened my eyes to ways of really making my money work longer for me, and I picked up many vital tips that I have now implemented in my life.

The whole idea behind ageing your money is you not spending your income as soon as it hits your bank account. It can feel like a delaying tactic but it really works. All you need to do is to try it for a month and see the difference in your bank balance and your mental health. Ageing your money stops you from living pay check to pay check. It helps you get out of debt and stay out of debt.

 

You Need a Budget: The Proven System for Breaking the Paycheck-to-Paycheck Cycle, Getting Out of Debt, and Living the Life You Want image

 

Having a budget helps age your money

Having a budget helps you stay on top of your income and expenses. Your outgoings are all planned and you are in control of your finances. Being a freelancer means you never really know how much you would make from month to month, so having a realistic budget is important because it gives you that peace of mind.

My income varies from month to month. I have been freelancing for a few years, so I know on average the minimum I would make, so I plan my bills with that in mind. Also, I make sure I keep any extras I get for months when I am short. I age my money by spreading my bills so they all don’t go out in the same week. That way I am never short of cash, and I can keep aside payment for each bill weekly.

 

Ageing my money is how I am smashing my freelancing/self-employed world. It works great for me.

Are you working for yourself from home? How do you stay on top of your finances?

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?

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